EXHIBIT 99.1

TXI Reports Second Quarter Results

DALLAS, Jan. 4, 2012 (GLOBE NEWSWIRE) -- Texas Industries, Inc. (NYSE:TXI) today reported financial results for the quarter ended November 30, 2011. Results for the quarter were a net loss of $21.0 million or $.75 per share and included a one-time, pre-tax charge of $3.2 million ($.11 per share after-tax) relating to the Company's cost cutting and efficiency initiatives announced last September. Additionally, the reduction of the tax rate, compared to a year ago, increased the loss by $.30 per share. Results for the quarter ended November 30, 2010 were a net loss of $11.2 million or $.40 per share.

General Comments

"While the general economy is showing signs of some improvement, it has yet to manifest itself in increased construction activity in our markets," stated Mel Brekhus, Chief Executive Officer. "This is consistent with my expectation of a slow and prolonged recovery in the construction industry."

"I am pleased with the progress we have made on our cost cutting and efficiency initiatives. Our total headcount is down 11% compared to August 31, 2011. Projects are underway to improve efficiencies throughout our operations and our efforts to reduce costs through improved purchasing practices are showing good results. There is obviously much more work to be accomplished in order to reach our goals of a 15% gross profit margin and SG&A expense at 8% of sales by the end of fiscal year 2013 but we are off to a very good start," added Brekhus.

A teleconference will be held tomorrow, January 5, 2012 at 10:00 Central Standard Time to further discuss quarter results. A real-time webcast of the conference is available by logging on to TXI's website at www.txi.com.

The following is a summary of operating results for our business segments and certain other operating information related to our principal products.

Cement Operations
 

	Three months ended  November 30,		Six months ended  November 30,
In thousands except per unit	2011	2010	2011	2010
Operating Results
Total cement sales	$ 68,994	$ 61,599	$ 144,972	$ 129,289
Total other sales and delivery fees	8,240	6,979	17,899	15,671
Total segment sales	77,234	68,578	162,871	144,960
Cost of products sold	78,050	63,121	156,282	133,184
Gross profit (loss)	(816)	5,457	6,589	11,776
Selling, general and administrative	(4,165)	(4,018)	(8,243)	(8,811)
Restructuring charges	(1,074)	--	(1,074)	--
Other income	700	509	3,890	2,947
Operating Profit (Loss)	$ (5,355)	$ 1,948	$ 1,162	$ 5,912
Cement
Shipments (tons)	884	784	1,853	1,657
Prices ($/ton)	$ 78.07	$ 78.49	$ 78.25	$ 78.02
Cost of sales ($/ton)	$ 78.34	$ 73.39	$ 74.90	$ 72.25

Three months ended November 30, 2011

Cement operating loss for the three-month period ended November 30, 2011 was $5.4 million. Cement operating profit for the three-month period ended November 30, 2010 was $1.9 million. The operating results in the current period were impacted by the recognition of restructuring charges and an increase in cost of products sold due to lower cement clinker production and to higher repair and maintenance costs as a result of scheduled maintenance downtime at our north Texas cement plant.

Total segment sales for the three-month period ended November 30, 2011 were $77.2 million compared to $68.6 million for the prior year period. Cement sales increased $7.4 million from the prior year period. Our Texas market area accounted for approximately 67% of cement sales in the current period compared to 73% of cement sales in the prior year period. Average cement prices increased 2% in our Texas market area and decreased 5% in our California market area. Shipments increased 1% in our Texas market area and 44% in our California market area.

Cost of products sold for the three-month period ended November 30, 2011 increased $14.9 million from the prior year period primarily due to higher shipments and a 7% increase in cement unit costs. Cement unit costs were impacted by 21% lower cement clinker production and higher repair and maintenance costs due to scheduled maintenance downtime at our north Texas cement plant.

Selling, general and administrative expense for the three-month period ended November 30, 2011 increased $0.1 million from the prior year period primarily due to higher compensation expense.

Restructuring charges of $1.1 million were recorded in the three-month period ended November 30, 2011. These charges consist primarily of severance and benefit costs associated with various workforce reduction initiatives.

Other income for the three-month period ended November 30, 2011 increased $0.2 million from the prior year period primarily due to higher royalty income.

Aggregate Operations
 

	Three months ended  November 30,		Six months ended  November 30,
In thousands except per unit	2011	2010	2011	2010
Operating Results
Total stone, sand and gravel sales	$ 20,993	$ 22,644	$ 43,193	$ 49,237
Expanded shale and clay sales and delivery fees	18,973	18,438	41,874	41,815
Total segment sales	39,966	41,082	85,067	91,052
Cost of products sold	35,313	35,002	73,821	78,412
Gross profit	4,653	6,080	11,246	12,640
Selling, general and administrative	(2,323)	(2,814)	(5,273)	(5,873)
Restructuring charges	(437)	--	(437)	--
Other income	207	57	479	1,690
Operating Profit	$ 2,100	$ 3,323	$ 6,015	$ 8,457
Stone, sand and gravel
Shipments (tons)	2,818	3,026	5,961	6,610
Prices ($/ton)	$ 7.45	$ 7.48	$ 7.25	$ 7.45
Cost of sales ($/ton)	$ 6.35	$ 6.53	$ 6.28	$ 6.48

Three months ended November 30, 2011

Aggregate operating profit for the three-month periods ended November 30, 2011 and November 30, 2010 was $2.1 million and $3.3 million, respectively.

Total segment sales for the three-month period ended November 30, 2011 were $40.0 million compared to $41.1 million for the prior year period. Stone, sand and gravel sales decreased $1.7 million from the prior year period. The effect of the disposition of aggregate operating assets through the asset exchange transaction completed in April 2011 decreased sales $2.2 million, shipments 8% and average prices 2% from the prior year period. Stone, sand and gravel sales from current operations increased $0.5 million from the prior year period on 1% higher shipments and 2% higher average prices. 

Cost of products sold for the three-month period ended November 30, 2011 increased $0.3 million from the prior year period. Stone, sand and gravel unit costs decreased 3% from the prior year period primarily due to the effect of the disposition of aggregate operating assets through the asset exchange transaction completed in April 2011.

Selling, general and administrative expense for the three-month period ended November 30, 2011 decreased $0.5 million from the prior year period primarily due to lower provisions for bad debts and legal and other professional expenses.

Restructuring charges of $0.4 million were recorded in the three-month period ended November 30, 2011. These charges consist primarily of severance and benefit costs associated with various workforce reduction initiatives.

Other income for the three-month period ended November 30, 2011 increased $0.2 million from the prior year period primarily due to higher gains from routine sales of surplus operating assets and oil and gas royalties and lease bonus payments.

Consumer Products Operations
 

	Three months ended  November 30,		Six months ended  November 30,
In thousands except per unit	2011	2010	2011	2010
Operating Results
Total ready-mix concrete sales	$ 44,579	$ 43,377	$ 100,807	$ 95,483
Package products sales and delivery fees	13,542	13,443	28,338	27,815
Total segment sales	58,121	56,820	129,145	123,298
Cost of products sold	59,212	56,290	130,409	119,539
Gross profit (loss)	(1,091)	530	(1,264)	3,759
Selling, general and administrative	(2,436)	(3,047)	(6,810)	(5,723)
Restructuring charges	(536)	--	(536)	--
Other income	457	134	2,664	332
Operating Loss	$ (3,606)	$ (2,383)	$ (5,946)	$ (1,632)
Ready-mix concrete
Shipments (cubic yards)	587	575	1,328	1,244
Prices ($/cubic yard)	$ 75.85	$ 75.45	$ 75.89	$ 76.73
Cost of sales ($/cubic yard)	$ 80.66	$ 77.79	$ 79.69	$ 76.94

Three months ended November 30, 2011

Consumer products operating loss for the three-month periods ended November 30, 2011 and November 30, 2010 was $3.6 million and $2.4 million, respectively.  

Total segment sales for the three-month period ended November 30, 2011 were $58.1 million compared to $56.8 million for the prior year period. Ready-mix concrete sales increased $1.2 million from the prior year. Sales increased $3.4 million and shipments increased 8% due to the net effect of the asset exchange transactions completed in April and July 2011. Ready-mix concrete sales excluding the net effect of the asset exchange transactions decreased $2.2 million from the prior year period on 6% lower shipments and 1% higher average prices. 

Cost of products sold for the three-month period ended November 30, 2011 increased $2.9 million from the prior year period. Cost of products sold increased $3.7 million due to the net effect of the asset exchange transactions completed in April and July 2011. Cost of products sold excluding the net effect of the asset exchange transactions decreased $0.8 million. Ready-mix concrete unit costs increased 4% from the prior year period primarily due to higher diesel costs.

Selling, general and administrative expense for the three-month period ended November 30, 2011 decreased $0.6 million from the prior year period primarily due to lower provisions for bad debts.

Restructuring charges of $0.5 million were recorded in the three-month period ended November 30, 2011. These charges consist primarily of severance and benefit costs associated with various workforce reduction initiatives.

Other income for the three-month period ended November 30, 2011 increased $0.3 million from the prior year period primarily due to higher gains from routine sales of surplus operating assets.

Corporate
 

	Three months ended  November 30,		Six months ended  November 30,
In thousands	2011	2010	2011	2010
Other income	$ 163	$ 1,229	$ 366	$ 1,850
Selling, general and administrative	(4,953)	(8,664)	(11,355)	(14,277)
Restructuring charges	(1,169)	--	(1,169)	--
	$ (5,959)	$ (7,435)	$ (12,158)	$ (12,427)

Three months ended November 30, 2011

Other income for the three-month period ended November 30, 2011 decreased $1.1 million from the prior year period primarily due to lower oil and gas royalty payments.

Selling, general and administrative expense for the three-month period ended November 30, 2011 decreased $3.7 million from the prior year period primarily due to lower stock-based compensation expense. Our stock-based compensation includes awards expected to be settled in cash, the expense for which is based on their fair value at the end of each period until the awards are paid. The impact of changes in our stock price on the fair value of these awards decreased expense $2.7 million for the three-month period ended November 30, 2011 and increased expense $1.5 million for the three-month period ended November 30, 2010.

Restructuring charges of $1.2 million were recorded in the three-month period ended November 30, 2011. These charges consist primarily of severance and benefit costs associated with various workforce reduction initiatives.

Interest

Interest expense incurred for the three-month period ended November 30, 2011 was $17.1 million, of which $8.3 million was capitalized in connection with our Hunter, Texas cement plant expansion project and $8.8 million was expensed. Interest expense incurred for the three-month period ended November 30, 2010 was $17.3 million, of which $3.4 million was capitalized in connection with our Hunter, Texas cement plant expansion project and $13.9 million was expensed. Interest expense incurred for the three-month period ended November 30, 2011 decreased $0.2 million from the prior year period primarily as a result of lower credit facility fees.   

An additional $19 million of interest expense is estimated to be capitalized in connection with our Hunter, Texas cement plant expansion project during the remainder of our current fiscal year.

Loss on Debt Retirements

On July 27, 2010, we commenced a cash tender offer for all of the outstanding $550 million aggregate principal amount of our 7.25% senior notes due 2013 and a solicitation of consents to amend the indenture governing the 7.25% notes. Pursuant to the tender offer and consent solicitation, we purchased $536.6 million aggregate principal amount of the 7.25% notes, and paid an aggregate of $547.7 million in purchase price and consent fees. On September 9, 2010, we redeemed the remaining $13.4 million aggregate principal amount of the 7.25% notes at a price of 101.813% of the principal amount thereof, plus accrued and unpaid interest on the 7.25% notes to the redemption date. We used the net proceeds from the issuance and sale of $650 million aggregate principal amount of our 9.25% senior notes to pay the purchase or redemption price of the 7.25% notes and the consent fees and to increase working capital. As of November 30, 2010, we recognized a loss on debt retirement of $29.6 million representing $11.4 million in consent fees, redemption price premium and transaction costs and a write-off of $18.2 million of unamortized debt discount and original issuance costs associated with the 7.25% notes. 

Income Taxes

Income taxes for the interim periods ended November 30, 2011 and November 30, 2010 have been included in the accompanying financial statements on the basis of an estimated annual rate. The tax rate differs from the 35% federal statutory corporate rate primarily due to percentage depletion that is tax deductible, state income taxes and valuation allowances against deferred tax assets. The estimated annualized rate does not include the tax impact of the loss on debt retirements which was recognized as a discrete item in the six-month period ended November 30, 2010. The estimated annualized rate excluding this charge is 3.0% for fiscal year 2012 compared to 41.0% for fiscal year 2011. We received income tax refunds of less than $0.1 million and made income tax payments of $0.1 million in the six-month period ended November 30, 2011. We received income tax refunds of $0.2 million and made income tax payments of less than $0.1 million in the six-month period ended November 30, 2010.

Net deferred tax assets totaled $15.7 million at November 30, 2011 and $15.0 million at May 31, 2011, of which $13.7 million at November 30, 2011 and $12.3 million at May 31, 2011 were classified as current. Management reviews our deferred tax position and in particular our deferred tax assets whenever circumstances indicate that the assets may not be realized in the future and would record a valuation allowance unless such deferred tax assets were deemed more likely than not to be recoverable. The ultimate realization of these deferred tax assets depends upon various factors including the generation of taxable income during future periods. The Company's deferred tax assets exceeded deferred tax liabilities as of November 30, 2011 primarily as a result of the recent losses. Management has concluded that the sources of taxable income we are permitted to consider do not assure the realization of the entire amount of the increase in our net deferred tax assets expected during the year. Accordingly, a valuation allowance is required due to the uncertainty of realizing the deferred tax assets.

Certain statements contained in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, the impact of competitive pressures and changing economic and financial conditions on our business, the cyclical and seasonal nature of our business, the level of construction activity in our markets, abnormal periods of inclement weather, unexpected periods of equipment downtime, unexpected operational difficulties, changes in the cost of raw materials, fuel and energy, changes in the cost or availability of transportation, changes in interest rates, the timing and amount of federal, state and local funding for infrastructure, delays in announced capacity expansions, ongoing volatility and uncertainty in the capital or credit markets, the impact of environmental laws, regulations and claims and changes in governmental and public policy, and the risks and uncertainties described in our reports on Forms 10-K, 10-Q and 8-K. Forward-looking statements speak only as of the date hereof, and we assume no obligation to publicly update such statements.

TXI is the largest producer of cement in Texas and a major cement producer in California. TXI is also a major supplier of construction aggregate, ready-mix concrete and concrete products.

The Texas Industries, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6602

(Unaudited)
CONSOLIDATED STATEMENTS OF OPERATIONS
TEXAS INDUSTRIES, INC. AND SUBSIDIARIES
	Three months ended  November 30,		Six months ended  November 30,
In thousands except per share	2011	2010	2011	2010
NET SALES	$ 156,071	$ 148,111	$ 337,811	$ 320,233
Cost of products sold	153,325	136,044	321,240	292,058
GROSS PROFIT	2,746	12,067	16,571	28,175
Selling, general and administrative	13,877	18,543	31,681	34,684
Restructuring charges	3,216	--	3,216	--
Interest	8,838	13,886	18,298	28,297
Loss on debt retirements	--	613	--	29,619
Other income	(1,527)	(1,929)	(7,399)	(6,819)
	24,404	31,113	45,796	85,781
LOSS BEFORE INCOME TAXES	(21,658)	(19,046)	(29,225)	(57,606)
Income tax benefit	(621)	(7,845)	(768)	(22,713)
NET LOSS	$ (21,037)	$ (11,201)	$ (28,457)	$ (34,893)
Net loss per share
Basic	$ (.75)	$ (.40)	$ (1.02)	$ (1.25)
Diluted	$ (.75)	$ (.40)	$ (1.02)	$ (1.25)
Average shares outstanding
Basic	27,882	27,807	27,878	27,797
Diluted	27,882	27,807	27,878	27,797
Cash dividends declared per share	$ --	$ .075	$ .075	$ .15

CONSOLIDATED BALANCE SHEETS
TEXAS INDUSTRIES, INC. AND SUBSIDIARIES
	(Unaudited)
	November 30,	May 31,
In thousands	2011	2011
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$ 67,462	$ 116,432
Receivables – net	82,378	85,817
Inventories	128,154	140,646
Deferred income taxes and prepaid expenses	20,529	22,040
TOTAL CURRENT ASSETS	298,523	364,935
PROPERTY, PLANT AND EQUIPMENT
Land and land improvements	180,090	158,232
Buildings	57,330	59,320
Machinery and equipment	1,215,341	1,222,560
Construction in progress	400,275	357,638
	1,853,036	1,797,750
Less depreciation and depletion	662,186	642,329
	1,190,850	1,155,421
OTHER ASSETS
Goodwill	1,715	1,715
Real estate and investments	11,472	6,749
Deferred income taxes and other charges	22,481	22,191
	35,668	30,655
	$ 1,525,041	$ 1,551,011
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable	$ 57,389	$ 56,787
Accrued interest, compensation and other	63,829	58,848
Current portion of long-term debt	499	73
TOTAL CURRENT LIABILITIES	121,717	115,708
LONG-TERM DEBT	654,138	652,403
OTHER CREDITS	80,919	87,318
SHAREHOLDERS' EQUITY
Common stock, $1 par value; authorized 100,000 shares; issued and outstanding 27,894 and 27,887 shares, respectively	27,894	27,887
Additional paid-in capital	484,453	481,706
Retained earnings	168,203	198,751
Accumulated other comprehensive loss	(12,283)	(12,762)
	668,267	695,582
	$ 1,525,041	$ 1,551,011

(Unaudited)
CONSOLIDATED STATEMENTS OF CASH FLOWS
TEXAS INDUSTRIES, INC. AND SUBSIDIARIES
	Six months ended  November 30,
In thousands	2011	2010
OPERATING ACTIVITIES
Net loss	$ (28,457)	$ (34,893)
Adjustments to reconcile net loss to cash provided by operating activities
Depreciation, depletion and amortization	31,385	31,991
Gains on asset disposals	(2,751)	(1,555)
Deferred income tax benefit	(945)	(22,964)
Stock-based compensation expense (credit)	(1,229)	2,288
Loss on debt retirements	--	29,619
Other – net	(5,185)	(2,855)
Changes in operating assets and liabilities
Receivables – net	3,696	16,112
Inventories	12,189	(10,262)
Prepaid expenses	2,854	1,232
Accounts payable and accrued liabilities	930	1,313
Net cash provided by operating activities	12,487	10,026
INVESTING ACTIVITIES
Capital expenditures – expansions	(35,966)	(11,198)
Capital expenditures – other	(26,300)	(12,201)
Proceeds from asset disposals	1,649	3,037
Investments in life insurance contracts	2,989	3,704
Other – net	(128)	(859)
Net cash used by investing activities	(57,756)	(17,517)
FINANCING ACTIVITIES
Long-term borrowings	--	650,000
Debt retirements	(36)	(561,568)
Debt issuance costs	(1,732)	(12,426)
Stock option exercises	158	464
Common dividends paid	(2,091)	(4,172)
Net cash provided (used) by financing activities	(3,701)	72,298
Increase (decrease) in cash and cash equivalents	(48,970)	64,807
Cash and cash equivalents at beginning of period	116,432	74,946
Cash and cash equivalents at end of period	$ 67,462	$ 139,753

CONTACT: T. Lesley Vines, Jr.
         Vice President
         Corporate Controller & Treasurer
         972.647.6722
         Email: lvines@txi.com

Texas Industries, Inc.
Consolidated Statements of Operations
$ In thousands except per share
	FY2005			FY2006			FY2007			FY2008			FY2009			FY2010															FY2011															FY2012
																	Q1			Q2			Q3			Q4		Total				Q1			Q2			Q3			Q4		Total				Q1			Q2		Total
Shipments
Cement (thousands of tons)		5,394			5,136			5,074			5,035			4,035			915			738			639			934			3,226			873			784			704			940			3,301			969			884			1,853
Aggregates (thousands of tons)		23,616			25,246			22,114			21,851			16,470			3,423			2,642			1,947			3,351			11,363			3,584			3,026			2,470			2,985			12,065			3,143			2,818			5,961
Ready-mix (thousands of cubic yards)		3,678			3,830			3,665			3,844			2,902			612			501			427			607			2,147			669			575			471			700			2,415			741			587			1,328
Price
Cement ($ per ton)	$	75.05		$	87.14		$	95.06		$	93.07		$	90.31		$	85.70		$	83.64		$	81.82		$	78.95		$	82.51		$	77.59		$	78.49		$	76.75		$	77.77		$	77.68		$	78.41		$	78.07		$	78.25
Aggregates ($ per ton)	$	5.68		$	6.08		$	7.03		$	7.44		$	7.97		$	8.12		$	7.65		$	7.62		$	7.51		$	7.75		$	7.42		$	7.48		$	7.38		$	7.23		$	7.38		$	7.06		$	7.45		$	7.25
Ready-mix ($ per cubic yard)	$	60.54		$	69.25		$	75.87		$	80.83		$	85.46		$	88.46		$	83.02		$	79.17		$	76.06		$	81.83		$	77.83		$	75.45		$	72.83		$	72.92		$	74.87		$	75.93		$	75.85		$	75.89
Net Sales
Cement		404,823			447,594			482,379			468,673			364,386			78,460			61,726			52,322			73,672			266,180			67,690			61,599			54,018			73,078			256,385			75,978			68,994			144,972
Aggregates		134,220			153,480			155,562			162,582			131,197			27,794			20,217			14,849			25,159			88,019			26,593			22,644			18,212			21,596			89,045			22,200			20,993			43,193
Ready-mix		222,680			265,254			278,067			310,652			247,931			54,053			41,720			33,695			46,244			175,712			52,106			43,377			34,351			50,992			180,826			56,228			44,579			100,807
Other		104,847			118,555			119,798			132,606			121,321			28,939			22,244			19,923			30,420			101,526			27,310			23,112			20,487			30,745			101,654			27,128			23,039			50,167
Interplant		(105,576	)		(121,127	)		(118,406	)		(130,461	)		(103,030	)		(20,878	)		(15,988	)		(13,575	)		(19,338	)		(69,779	)		(20,708	)		(18,369	)		(14,597	)		(20,380	)		(74,054	)		(20,022	)		(19,250	)		(39,272	)
Delivery Fees		73,809			80,166			78,850			84,802			77,397			15,589			13,016			10,615			20,186			59,406			19,131			15,748			13,347			19,731			67,957			20,228			17,716			37,944
Net Sales		834,803			943,922			996,250			1,028,854			839,202			183,957			142,935			117,829			176,343			621,064			172,122			148,111			125,818			175,762			621,813			181,740			156,071			337,811
Costs and Expenses (Income)
Cost of products sold		692,414			766,941			754,088			834,333			726,133			149,852			126,063			131,126			155,025			562,066			156,014			136,044			135,179			169,273			596,510			167,915			153,325			321,240
Selling, general and administrative		78,434			88,663			108,106			96,220			72,093			20,254			15,886			17,568			25,707			79,415			16,141			18,543			17,319			24,417			76,420			17,804			13,877			31,681
Restructuring charges and goodwill impairment		-			-			-			-			58,395			-			-			-			-			-			-			-			-			-			-			-			3,216			3,216
Interest		23,533			31,155			14,074			2,505			33,286			13,244			13,364			13,642			11,990			52,240			14,411			13,886			9,670			9,616			47,583			9,460			8,838			18,298
Loss on debt retirements and spin-off charges		894			113,247			48			-			907			-			-			-			-			-			29,006			613			-			-			29,619			-			-			-
Other income		(22,727	)		(47,270	)		(36,629	)		(31,563	)		(21,191	)		(2,652	)		(5,728	)		(1,044	)		(1,242	)		(10,666	)		(4,890	)		(1,929	)		(1,115	)		(13,578	)		(21,512	)		(5,872	)		(1,527	)		(7,399	)
		772,548			952,736			839,687			901,495			869,623			180,698			149,585			161,292			191,480			683,055			210,682			167,157			161,053			189,728			728,620			189,307			177,729			367,036
Income (Loss) from Continuing Operations
before Income Taxes		62,255			(8,814	)		156,563			127,359			(30,421	)		3,259			(6,650	)		(43,463	)		(15,137	)		(61,991	)		(38,560	)		(19,046	)		(35,235	)		(13,966	)		(106,807	)		(7,567	)		(21,658	)		(29,225	)
Income Taxes (Benefits)		16,811			(8,225	)		51,852			39,728			(12,774	)		1,544			(2,948	)		(16,358	)		(5,376	)		(23,138	)		(14,868	)		(7,845	)		(14,301	)		(4,880	)		(41,894	)		(147	)		(621	)		(768	)
Income (Loss) from Continuing Operations		45,444			(589	)		104,711			87,631			(17,647	)		1,715			(3,702	)		(27,105	)		(9,761	)		(38,853	)		(23,692	)		(11,201	)		(20,934	)		(9,086	)		(64,913	)		(7,420	)		(21,037	)		(28,457	)
Income from Discontinued Operations net of Income Taxes		79,079			8,691			-			-			-			-			-			-			-			-			-			-			-			-			-			-			-			-
Income (Loss) before Accounting Change		124,523			8,102			104,711			87,631			(17,647	)		1,715			(3,702	)		(27,105	)		(9,761	)		(38,853	)		(23,692	)		(11,201	)		(20,934	)		(9,086	)		(64,913	)		(7,420	)		(21,037	)		(28,457	)
Cumulative Effect of Accounting Change net of Income Taxes		-			-			-			-			-			-			-			-			-			-			-			-			-			-			-			-			-			-
Net Income (Loss)		124,523			8,102			104,711			87,631			(17,647	)		1,715			(3,702	)		(27,105	)		(9,761	)		(38,853	)		(23,692	)		(11,201	)		(20,934	)		(9,086	)		(64,913	)		(7,420	)		(21,037	)		(28,457	)

Texas Industries, Inc.
Consolidated Balance Sheets
$ In thousands
	5/31/2005	5/31/2006	5/31/2007	5/31/2008	5/31/2009	8/31/2009	11/30/2009	2/28/2010	5/31/2010	8/31/2010	11/30/2010	2/28/2011	5/31/2011	8/31/2011	11/30/2011
Cash	251,600	84,139	15,138	39,527	19,796	32,183	56,794	75,615	74,946	162,427	139,753	123,362	116,432	60,600	67,462
Short-term investments	-	50,606	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivables - net	117,363	132,849	142,610	170,943	129,432	129,430	115,469	74,642	112,184	107,217	96,671	69,999	85,817	94,617	82,378
Inventories	83,291	109,767	135,254	144,654	155,724	156,355	161,431	141,304	142,419	148,741	152,681	143,341	140,646	139,752	128,154
Deferred income taxes and prepaid expenses	28,754	33,599	17,621	17,943	22,039	21,244	21,320	21,887	23,426	22,673	23,351	22,774	22,040	21,001	20,529
Total Current Assets	481,008	410,960	310,623	373,067	326,991	339,212	355,014	313,448	352,975	441,058	412,456	359,476	364,935	315,970	298,523
Property, plant and equipment	886,447	956,896	1,293,360	1,546,125	1,791,546	1,789,351	1,788,663	1,790,965	1,758,778	1,759,077	1,775,126	1,788,023	1,797,750	1,830,765	1,853,036
Less depreciation and depletion	473,794	486,585	509,138	518,361	572,195	587,052	601,982	613,930	604,269	618,706	634,404	646,841	642,329	649,973	662,186
Net Property, Plant and Equipment	412,653	470,311	784,222	1,027,764	1,219,351	1,202,299	1,186,681	1,177,035	1,154,509	1,140,371	1,140,722	1,141,182	1,155,421	1,180,792	1,190,850
Goodwill	58,395	58,395	58,395	60,110	1,715	1,715	1,715	1,715	1,715	1,715	1,715	1,715	1,715	1,715	1,715
Real estate and investments	99,491	125,159	110,761	59,261	10,001	7,736	7,827	7,334	6,774	6,223	7,426	7,007	6,749	6,447	11,472
Deferred cncome taxes, intangibles and other charges	27,571	22,706	11,369	11,332	14,486	15,852	15,787	14,050	15,774	22,398	23,219	20,314	22,191	24,031	22,481
Assets of discontinued operations	1,114,627	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	1,300,084	206,260	180,525	130,703	26,202	25,303	25,329	23,099	24,263	30,336	32,360	29,036	30,655	32,193	35,668
Total Assets	2,193,745	1,087,531	1,275,370	1,531,534	1,572,544	1,566,814	1,567,024	1,513,582	1,531,747	1,611,765	1,585,538	1,529,694	1,551,011	1,528,955	1,525,041
Accounts payable	44,560	50,931	96,883	111,478	55,749	48,894	41,144	43,537	56,214	54,659	41,800	43,265	56,787	54,320	57,389
Accrued interest, compensation and other items	62,202	66,955	70,104	66,967	51,856	47,808	60,224	41,515	51,455	45,805	63,307	40,087	58,848	49,290	63,829
Current portion of long term debt	688	681	1,340	7,725	243	247	541	500	234	13,341	95	72	73	74	499
Total Current Liabilities	107,450	118,567	168,327	186,170	107,848	96,949	101,909	85,552	107,903	113,805	105,202	83,424	115,708	103,684	121,717
Long-term Debt	603,126	251,505	274,416	401,880	541,540	542,371	543,244	544,087	538,620	652,459	652,441	652,422	652,403	652,385	654,138
Convertible subordinated debentures	199,937	159,725	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes and other credits	77,138	79,837	95,508	118,117	120,011	122,765	121,591	111,171	123,976	108,400	102,495	89,177	87,318	85,223	80,919
Liabilities of discontinued operations	278,527	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shareholders' equity	927,567	477,897	737,119	825,367	803,145	804,729	800,280	772,772	761,248	737,101	725,400	704,671	695,582	687,663	668,267
Total Liabilities and Shareholders' Equity	2,193,745	1,087,531	1,275,370	1,531,534	1,572,544	1,566,814	1,567,024	1,513,582	1,531,747	1,611,765	1,585,538	1,529,694	1,551,011	1,528,955	1,525,041

Texas Industries, Inc.
Consolidated Statements of Cash Flows
$ In thousands
	FY2005			FY2006			FY2007			FY2008			FY2009			FY2010												FY2011												FY2012
																	Q1		Q2		Q3		Q4		Total				Q1		Q2		Q3		Q4		Total				Q1		Q2		Total
CONTINUING OPERATIONS
Operating Activities
Income (Loss) from Continuing Operations		45,444			(589	)		104,711			87,631			(17,647	)		1,715		(3,702	)	(27,105	)	(9,761	)		(38,853	)		(23,692	)	(11,201	)	(20,934	)	(9,086	)		(64,913	)		(7,420	)	(21,037	)		(28,457	)
Adjustments to reconcile income (loss) from continuing
operations to cash provided by continuing operating
activities
Depreciation, depletion and amortization		46,474			44,955			46,356			55,577			68,192			16,594		16,377		16,292		14,662			63,925			15,861		16,130		16,118		16,188			64,297			15,980		15,405			31,385
Goodwill impairment		-			-			-			-			58,395			-		-		-		-			-			-		-		-		-			-			-		-			-
Loss (gain) on asset disposals		(6,582	)		(34,768	)		(2,917	)		(19,410	)		(6,759	)		(1,030	)	(403	)	109		(26	)		(1,350	)		(1,613	)	58		99		(12,182	)		(13,638	)		(2,368	)	(383	)		(2,751	)
Deferred income taxes (benefit)		33,811			6,581			13,622			20,036			(1,938	)		743		13		(11,744	)	1,856			(9,132	)		(14,973	)	(7,991	)	(14,701	)	(5,210	)		(42,875	)		(241	)	(704	)		(945	)
Stock-based compensation expense (credit)		-			-			13,866			2,395			(4,400	)		2,643		(500	)	1,589		1,365			5,097			(230	)	2,518		1,983		1,310			5,581			107		(1,336	)		(1,229	)
Excess tax benefits from stock-based compensation		8,000			9,969			(1,694	)		(3,299	)		(1,596	)		(211	)	(37	)	14		(16	)		(250	)		-		-		-		-			-			-		-			-
Loss on debt retirements		-			107,006			48			-			907			-		-		-		-			-			29,006		613		-		-			29,619			-		-			-
Other - net		889			(2,399	)		3,234			2,475			5,931			(221	)	830		2,490		10,899			13,998			2,192		(5,047	)	597		5,416			3,158			(1,567	)	(3,618	)		(5,185	)
Changes in operating assets and liabilities
Receivables - net		(8,873	)		(5,060	)		846			(29,507	)		55,397			(888	)	14,908		11,844		(31,285	)		(5,421	)		4,413		11,699		13,702		(16,435	)		13,379			(8,670	)	12,366			3,696
Inventories		6,082			(18,761	)		(25,047	)		(9,400	)		(11,070	)		757		(4,600	)	17,945		(396	)		13,706			(6,322	)	(3,940	)	9,340		3,086			2,164			894		11,295			12,189
Prepaid expenses		(1,680	)		63			1,392			(2,033	)		(1,894	)		1,074		693		(14	)	(1,366	)		387			1,297		(65	)	1,269		(1,200	)		1,301			1,729		1,125			2,854
Accounts payable and accrued liabilities		17,017			(12,155	)		31,541			(2,910	)		(36,232	)		(6,638	)	1,815		(4,492	)	15,361			6,046			(7,284	)	8,597		(9,293	)	19,152			11,172			(5,809	)	6,739			930
Other credits		3,838			2,527			-			-			-			-		-		-		-			-			-		-		-					-			-		-			-
Cash Provided by Continuing Operating Activities		144,420			97,369			185,958			101,555			107,286			14,538		25,394		6,928		1,293			48,153			(1,345	)	11,371		(1,820	)	1,039			9,245			(7,365	)	19,852			12,487
Investing Activities
Capital expenditures		(46,178	)		(110,245	)		(317,658	)		(312,525	)		(288,544	)		(5,373	)	(2,069	)	(4,286	)	(1,931	)		(13,659	)		(3,156	)	(20,243	)	(15,545	)	(6,739	)		(45,683	)		(45,588	)	(16,678	)		(62,266	)
Cash designed for property acquisitions																	-		-		-		-			-			-		-		-		-			-			-		-			-
Proceeds from asset disposals		7,136			23,107			5,552			34,922			7,981			1,068		375		20,125		24			21,592			3,209		(172	)	206		353			3,596			863		786			1,649
Investments in insurance contracts		(58,798	)		(4,366	)		(6,061	)		99,203			2,876			5,802		924		205		36			6,967			327		3,377		190		179			4,073			-		2,989			2,989
Purchases of short-term investments - net		-			(50,500	)		50,500			-			-			-		-		-		-			-			-		-		-		-			-			-		-			-
Other - net		(677	)		612			(336	)		101			(21	)		(19	)	17		16		2,065			2,079			292		(1,151	)	2,089		36			1,266			(82	)	(46	)		(128	)
Cash Provided (Used) by Investing Activities		(98,517	)		(141,392	)		(268,003	)		(207,032	)		(248,975	)		1,478		(753	)	16,060		194			16,979			672		(18,189	)	(13,060	)	(6,171	)		(36,748	)		(44,807	)	(12,949	)		(57,756	)
Financing Activities
Long-term borrowings		-			250,000			38,000			366,000			327,250			-		-		-		-			-			650,000		-		-		-			650,000			-		-			-
Debt retirements		(699	)		(600,700	)		(25,521	)		(232,366	)		(197,772	)		(59	)	(85	)	(132	)	31			(245	)		(547,736	)	(13,832	)	(42	)	(17	)		(561,627	)		(18	)	(18	)		(36	)
Debt issuance costs		(39	)		(7,363	)		-			(2,160	)		(5,470	)		(2,032	)	(7	)	-		(513	)		(2,552	)		(12,250	)	(176	)	(54	)	(12	)		(12,492	)		(1,629	)	(103	)		(1,732	)
Debt retirement costs		-			(96,029	)		(6	)		-			-			-		-		-		-			-			-		-		-		-			-			-		-			-
Interest rate swap terminations		(6,315	)		-			-			-			-			-		-		-		-			-			-		-		-		-			-			-		-			-
Stock option exercises		41,399			7,510			6,394			3,315			4,641			331		25		143		394			893			225		239		675		323			1,462			78		80			158
Excess tax benefits from stock-based compensation		-			-			1,694			3,299			1,596			211		37		(14	)	16			250			-		-		-		-			-			-		-			-
Common dividends paid		(6,643	)		(6,908	)		(7,517	)		(8,222	)		(8,287	)		(2,080	)	-		(4,164	)	(2,084	)		(8,328	)		(2,085	)	(2,087	)	(2,090	)	(2,092	)		(8,354	)		(2,091	)	-			(2,091	)
Other - net		-			-			-			-			-			-		-		-		-			-			-		-		-		-			-			-		-			-
Cash Provided (Used) by Financing Activities		27,703			(453,490	)		13,044			129,866			121,958			(3,629	)	(30	)	(4,167	)	(2,156	)		(9,982	)		88,154		(15,856	)	(1,511	)	(1,798	)		68,989			(3,660	)	(41	)		(3,701	)
Net Cash Provided (Used) by Continuing Operations		73,606			(497,513	)		(69,001	)		24,389			(19,731	)		12,387		24,611		18,821		(669	)		55,150			87,481		(22,674	)	(16,391	)	(6,930	)		41,486			(55,832	)	6,862			(48,970	)
DISCONTINUED OPERATIONS
Cash Provided (Used) by Discontinued Operating Activities		73,104			(7,778	)		-			-			-			-		-		-		-			-			-		-		-		-			-			-		-			-
Cash Used by Discontinued Investing Activities		(28,163	)		(2,757	)		-			-			-			-		-		-		-			-			-		-		-		-			-			-		-			-
Cash Provided by Discontinued Financing Activities		-			340,587			-			-			-			-		-		-		-			-			-		-		-		-			-			-		-			-
Net Cash Provided by Discontinued Operations		44,941			330,052			-			-			-			-		-		-		-			-			-		-		-		-			-			-		-			-
Increase (Decrease) in Cash and Cash Equivalents		118,547			(167,461	)		(69,001	)		24,389			(19,731	)		12,387		24,611		18,821		(669	)		55,150			87,481		(22,674	)	(16,391	)	(6,930	)		41,486			(55,832	)	6,862			(48,970	)
Cash and Cash Equivalents at Beginning of Period		133,053			251,600			84,139			15,138			39,527			19,796		32,183		56,794		75,615			19,796			74,946		162,427		139,753		139,753			74,946			116,432		60,600			116,432
Cash and Cash Equivalents at End of Period		251,600			84,139			15,138			39,527			19,796			32,183		56,794		75,615		74,946			74,946			162,427		139,753		123,362		132,823			116,432			60,600		67,462			67,462

Texas Industries, Inc.
Reconciliation of EBITDA to Net Income and Cash Provided (Used) by Continuing Operations
$ In thousands
	FY2005			FY2006			FY2007			FY2008			FY2009			FY2010												FY2011												FY2012
																	Q1		Q2		Q3		Q4		Total				Q1		Q2		Q3		Q4		Total				Q1		Q2		Total
EBITDA Defined
Net Income (loss) from Continuing Operations		45,444			(589	)		104,711			87,631			(17,647	)		1,715		(3,702	)	(27,105	)	(9,761	)		(38,853	)		(23,692	)	(11,201	)	(20,934	)	(9,086	)		(64,913	)		(7,420	)	(21,037	)		(28,457	)
Plus (minus):
Interest		23,533			31,155			14,074			2,505			33,286			13,244		13,364		13,642		11,990			52,240			14,411		13,886		9,670		9,616			47,583			9,460		8,838			18,298
Income taxes (benefit)		16,811			(8,225	)		51,852			39,728			(12,774	)		1,544		(2,948	)	(16,358	)	(5,376	)		(23,138	)		(14,868	)	(7,845	)	(14,301	)	(4,880	)		(41,894	)		(147	)	(621	)		(768	)
Depreciation, depletion and amortization		46,474			44,955			46,356			55,577			68,192			16,594		16,377		16,292		14,662			63,925			15,861		16,130		16,118		16,188			64,297			15,980		15,405			31,385
Restructuring charges and goodwill impairment		-			-			-			-			58,395			-		-		-		-			-			-		-		-		-			-			-		3,216			3,216
Loss on debt retirements and spin-off charges		894			113,247			48			-			907			-		-		-		-			-			29,006		613		-		-			29,619			-		-			-
EBITDA		133,156			180,543			217,041			185,441			130,359			33,097		23,091		(13,529	)	11,515			54,174			20,718		11,583		(9,447	)	11,838			34,692			17,873		5,801			23,674
EBITDA represents income from continuing operations before interest, income taxes, depreciation and amortization, restructuring charges and goodwill impairment, and loss on debt retirements and spin-off charges.
EBITDA is presented because we believe it is a useful indicator of our performance and our ability to meet debt service and capital expenditure requirements.
It is not, however, intended as an alternative measure of operating results or cash flow from operations as determined in accordance with generally accepted accounting principles.
EBITDA is not necessarily comparable to similarly titled measures used by other companies.
EBITDA Reconciliation
Cash from Continuing Operating Activities		144,420			97,369			185,958			101,555			107,286			14,538		25,394		6,928		1,293			48,153			(1,345	)	11,371		(1,820	)	1,039			9,245			(7,365	)	19,852			12,487
Plus (minus):
Changes in operating assets and liabilities		(16,384	)		33,386			(8,732	)		43,850			(6,201	)		5,695		(12,816	)	(25,283	)	17,686			(14,718	)		7,896		(16,291	)	(15,018	)	(4,603	)		(28,016	)		11,856		(31,525	)		(19,669	)
Deferred taxes (benefit)		(33,811	)		(6,581	)		(13,622	)		(20,036	)		1,938			(743	)	(13	)	11,744		(1,856	)		9,132			14,973		7,991		14,701		5,210			42,875			241		704			945
Stock-based compensation expense (credit)		-			-			(13,866	)		(2,395	)		4,400			(2,643	)	500		(1,589	)	(1,365	)		(5,097	)		230		(2,518	)	(1,983	)	(1,310	)		(5,581	)		(107	)	1,336			1,229
Excess tax benefits from stock-based compensation		(8,000	)		(9,969	)		1,694			3,299			1,596			211		37		(14	)	16			250			-		-		-		-			-			-		-			-
Income taxes (benefit)		16,811			(8,225	)		51,852			39,728			(12,774	)		1,544		(2,948	)	(16,358	)	(5,376	)		(23,138	)		(14,868	)	(7,845	)	(14,301	)	(4,880	)		(41,894	)		(147	)	(621	)		(768	)
Loss (gain) on assets disposals		6,582			34,768			2,917			19,410			6,759			1,030		403		(109	)	26			1,350			1,613		(58	)	(99	)	12,182			13,638			2,368		383			2,751
Interest		23,533			31,155			14,074			2,505			33,286			13,244		13,364		13,642		11,990			52,240			14,411		13,886		9,670		9,616			47,583			9,460		8,838			18,298
Restructuring charges		-			-			-			-			-			-		-		-		-			-			-		-		-		-			-			-		3,216			3,216
Spin-off charges		894			6,241			-			-			-			-		-		-		-			-			-		-		-		-			-			-		-			-
Other - net		(889	)		2,399			(3,234	)		(2,475	)		(5,931	)		221		(830	)	(2,490	)	(10,899	)		(13,998	)		(2,192	)	5,047		(597	)	(5,416	)		(3,158	)		1,567		3,618			5,185
EBITDA		133,156			180,543			217,041			185,441			130,359			33,097		23,091		(13,529	)	11,515			54,174			20,718		11,583		(9,447	)	11,838			34,692			17,873		5,801			23,674

Texas Industries, Inc.
Business Segment Summary
$ In thousands except per share
	FY2005			FY2006			FY2007			FY2008			FY2009			FY2010															FY2011															FY2012
																	Q1			Q2			Q3			Q4		Total				Q1			Q2			Q3			Q4		Total				Q1			Q2		Total
Cement Operations
Operating Results
Cement sales		404,823			447,594			482,379			468,673			364,386			78,460			61,726			52,322			73,672			266,180			67,690			61,599			54,018			73,078			256,385			75,978			68,994			144,972
Other sales and delivery fees		30,699			27,416			27,648			36,079			30,934			6,736			6,457			5,296			9,844			28,333			8,692			6,979			6,144			9,094			30,909			9,659			8,240			17,899
Total segment sales		435,522			475,010			510,027			504,752			395,320			85,196			68,183			57,618			83,516			294,513			76,382			68,578			60,162			82,172			287,294			85,637			77,234			162,871
Cost of products sold		338,528			352,603			343,145			391,687			342,824			69,859			58,359			70,616			71,929			270,763			70,063			63,121			70,010			80,213			283,407			78,232			78,050			156,282
Gross profit		96,994			122,407			166,882			113,065			52,496			15,337			9,824			(12,998	)		11,587			23,750			6,319			5,457			(9,848	)		1,959			3,887			7,405			(816	)		6,589
Selling, general and administrative		(15,085	)		(13,956	)		(19,878	)		(18,307	)		(19,343	)		(4,674	)		(4,359	)		(3,715	)		(4,780	)		(17,528	)		(4,793	)		(4,018	)		(3,286	)		(6,870	)		(18,967	)		(4,078	)		(4,165	)		(8,243	)
Restructuring charges and goodwill impairment		-			-			-			-			(58,395	)		-			-			-			-			-			-			-			-			-			-			-			(1,074	)		(1,074	)
Other income		1,342			951			24,536			7,419			9,301			1,743			4,670			411			950			7,774			2,438			509			696			1,188			4,831			3,190			700			3,890
Operating Profit (Loss)		83,251			109,402			171,540			102,177			(15,941	)		12,406			10,135			(16,302	)		7,757			13,996			3,964			1,948			(12,438	)		(3,723	)		(10,249	)		6,517			(5,355	)		1,162
Cement
Shipments (tons)		5,394			5,136			5,074			5,035			4,035			915			738			639			934			3,226			873			784			704			940			3,301			969			884			1,853
Prices ($/ton)	$	75.05		$	87.14		$	95.06		$	93.07		$	90.31		$	85.70		$	83.64		$	81.82		$	78.95		$	82.51		$	77.59		$	78.49		$	76.75		$	77.77		$	77.68		$	78.41		$	78.07		$	78.25
Cost of sales ($/ton)	$	58.03		$	63.65		$	63.08		$	70.85		$	78.02		$	68.70		$	71.98		$	101.70		$	69.99		$	76.36		$	71.23		$	73.39		$	90.43		$	76.33		$	77.29		$	71.77		$	78.34		$	74.90
Aggregate Operations
Operating Results
Stone, sand and gravel sales		134,220			153,480			155,562			162,582			131,197			27,794			20,217			14,849			25,159			88,019			26,593			22,644			18,212			21,596			89,045			22,200			20,993			43,193
Expanded shale and clay sales and delivery fees		88,125			99,101			113,292			122,748			106,294			22,307			16,070			14,410			24,141			76,928			23,377			18,438			16,692			24,873			83,380			22,901			18,973			41,874
Total segment sales		222,345			252,581			268,854			285,330			237,491			50,101			36,287			29,259			49,300			164,947			49,970			41,082			34,904			46,469			172,425			45,101			39,966			85,067
Cost of products sold		191,837			219,124			218,394			231,503			197,583			39,155			32,001			28,882			42,925			142,963			43,410			35,002			32,323			41,367			152,102			38,508			35,313			73,821
Gross profit		30,508			33,457			50,460			53,827			39,908			10,946			4,286			377			6,375			21,984			6,560			6,080			2,581			5,102			20,323			6,593			4,653			11,246
Selling, general and administrative		(11,920	)		(15,436	)		(16,212	)		(15,178	)		(12,633	)		(2,705	)		(2,489	)		(1,937	)		(2,471	)		(9,602	)		(3,059	)		(2,814	)		(2,679	)		(2,837	)		(11,389	)		(2,950	)		(2,323	)		(5,273	)
Restructuring charges		-			-			-			-			-			-			-			-			-			-			-			-			-			-			-			-			(437	)		(437	)
Other income		10,782			30,376			2,638			16,974			6,954			398			432			409			180			1,419			1,633			57			16			11,998			13,704			272			207			479
Operating Profit (Loss)		29,370			48,397			36,886			55,623			34,229			8,639			2,229			(1,151	)		4,084			13,801			5,134			3,323			(82	)		14,263			22,638			3,915			2,100			6,015
Stone, sand and gravel
Shipments (tons)		23,616			25,246			22,114			21,851			16,470			3,423			2,642			1,947			3,351			11,363			3,584			3,026			2,470			2,985			12,065			3,143			2,818			5,961
Prices ($/ton)	$	5.68		$	6.08		$	7.03		$	7.44		$	7.97		$	8.12		$	7.65		$	7.62		$	7.51		$	7.75		$	7.42		$	7.48		$	7.38		$	7.23		$	7.38		$	7.06		$	7.45		$	7.25
Cost of sales ($/ton)	$	4.80		$	5.23		$	5.40		$	6.13		$	6.68		$	6.28		$	7.03		$	8.41		$	6.60		$	6.91		$	6.45		$	6.53		$	7.23		$	6.80		$	6.72		$	6.22		$	6.35		$	6.28
Consumer Products Operations
Operating Results
Ready-mix concrete sales		222,680			265,254			278,067			310,652			247,931			54,053			41,720			33,695			46,244			175,712			52,106			43,377			34,351			50,992			180,826			56,228			44,579			100,807
Package products sales and delivery fees		59,832			72,204			57,708			58,581			61,490			15,485			12,733			10,832			16,621			55,671			14,372			13,443			10,998			16,509			55,322			14,796			13,542			28,338
Total segment sales		282,512			337,458			335,775			369,233			309,421			69,538			54,453			44,527			62,865			231,383			66,478			56,820			45,349			67,501			236,148			71,024			58,121			129,145
Cost of products sold		267,625			316,341			310,955			341,604			288,756			61,716			51,691			45,203			59,509			218,119			63,249			56,290			47,443			68,073			235,055			71,197			59,212			130,409
Gross profit		14,887			21,117			24,820			27,629			20,665			7,822			2,762			(676	)		3,356			13,264			3,229			530			(2,094	)		(572	)		1,093			(173	)		(1,091	)		(1,264	)
Selling, general and administrative		(10,339	)		(11,415	)		(16,284	)		(19,314	)		(13,116	)		(3,204	)		(2,749	)		(1,421	)		(2,819	)		(10,193	)		(2,676	)		(3,047	)		(2,607	)		(4,443	)		(12,773	)		(4,374	)		(2,436	)		(6,810	)
Restructuring charges		-			-			-			-			-			-			-			-			-			-			-			-			-			-			-			-			(536	)		(536	)
Other income		711			647			1,310			3,268			1,314			133			268			115			70			586			198			134			66			131			529			2,207			457			2,664
Operating Profit (Loss)		5,259			10,349			9,846			11,583			8,863			4,751			281			(1,982	)		607			3,657			751			(2,383	)		(4,635	)		(4,884	)		(11,151	)		(2,340	)		(3,606	)		(5,946	)
Ready-mix concrete
Shipments (tons)		3,678			3,830			3,665			3,844			2,902			612			501			427			607			2,147			669			575			471			700			2,415			741			587			1,328
Prices ($/ton)	$	60.54		$	69.25		$	75.87		$	80.83		$	85.46		$	88.46		$	83.02		$	79.17		$	76.06		$	81.83		$	77.83		$	75.45		$	72.83		$	72.92		$	74.87		$	75.93		$	75.85		$	75.89
Cost of sales ($/ton)	$	61.12		$	67.69		$	71.92		$	76.36		$	81.41		$	79.91		$	80.98		$	84.35		$	75.60		$	79.82		$	76.20		$	77.79		$	80.71		$	77.70		$	77.89		$	78.91		$	80.66		$	79.69
Total Segment Operating Profit (Loss)		117,880			168,148			218,272			169,383			27,151			25,796			12,645			(19,435	)		12,448			31,454			9,849			2,888			(17,155	)		5,656			1,238			8,092			(6,861	)		1,231
Corporate
Other income		9,892			15,296			8,145			3,902			3,622			378			358			109			42			887			621			1,229			337			261			2,448			203			163			366
Selling, general and administrative		(41,090	)		(47,856	)		(55,732	)		(43,421	)		(27,001	)		(9,671	)		(6,289	)		(10,495	)		(15,637	)		(42,092	)		(5,613	)		(8,664	)		(8,747	)		(10,267	)		(33,291	)		(6,402	)		(4,953	)		(11,355	)
Restructuring charges		-			-			-			-			-			-			-			-			-			-			-			-			-			-			-			-			(1,169	)		(1,169	)
		(31,198	)		(32,560	)		(47,587	)		(39,519	)		(23,379	)		(9,293	)		(5,931	)		(10,386	)		(15,595	)		(41,205	)		(4,992	)		(7,435	)		(8,410	)		(10,006	)		(30,843	)		(6,199	)		(5,959	)		(12,158	)
Interest		(23,533	)		(31,155	)		(14,074	)		(2,505	)		(33,286	)		(13,244	)		(13,364	)		(13,642	)		(11,990	)		(52,240	)		(14,411	)		(13,886	)		(9,670	)		(9,616	)		(47,583	)		(9,460	)		(8,838	)		(18,298	)
Loss on Debt Retirements		(894	)		(113,247	)		(48	)		-			(907	)		-			-			-			-			-			(29,006	)		(613	)		-			-			(29,619	)		-			-			-
Income (loss) from Continuing Operations before
Income Taxes		62,255			(8,814	)		156,563			127,359			(30,421	)		3,259			(6,650	)		(43,463	)		(15,137	)		(61,991	)		(38,560	)		(19,046	)		(35,235	)		(13,966	)		(106,807	)		(7,567	)		(21,658	)		(29,225	)

Texas Industries, Inc.
Business Segment Summary
$ In thousands except per share
	FY2005		FY2006		FY2007		FY2008		FY2009		FY2010							FY2011							FY2012
												Q1	Q2	Q3	Q4	Total			Q1	Q2	Q3	Q4	Total			Q1	Q2	Total
Major Gains (losses) in Other Income
Cement - antidumping settlement						19,803
Cement - sale of emissions credits								3,879		1,723			3,427				3,427		1,690					1,690		2,533			2,533
Cement - oil and gas bonus proceeds										2,781
Aggregates - sale of emissions credits		6,225
Aggregates - sale of real estate				23,987				5,146		4,961
Aggregates - sale of southern Louisiana operations								10,093
Aggregates - exchange of operating assets																						11,997		11,997		2,058			2,058
Corporate - oil and gas bonus proceeds										1,636										834				834					-
Depreciation, Depletion and Amortization
Cement		24,926		23,628		23,234		25,645		37,799		9,341	9,286	9,250	7,951		35,828		9,149	9,181	9,124	9,122		36,576		8,927	8,897		17,824
Aggregates		12,898		13,926		16,093		21,166		21,919		5,067	4,994	5,057	4,755		19,873		4,772	4,956	4,793	4,442		18,963		4,195	3,868		8,063
Consumer Products		6,889		6,181		6,493		7,998		7,434		1,896	1,807	1,695	1,667		7,065		1,656	1,709	1,919	2,341		7,625		2,564	2,326		4,890
Corporate		1,761		1,220		536		768		1,040		290	290	290	289		1,159		284	284	282	283		1,133		294	314		608
Total Depreciation, Depletion and Amortization		46,474		44,955		46,356		55,577		68,192		16,594	16,377	16,292	14,662		63,925		15,861	16,130	16,118	16,188		64,297		15,980	15,405		31,385