EXHIBIT 99.1

TXI Reports First Quarter Results

DALLAS, Sept. 22, 2010 (GLOBE NEWSWIRE) -- Texas Industries, Inc. (NYSE:TXI) today reported financial results for the quarter ended August 31, 2010. Results for the quarter were a net loss of $23.7 million or $.85 per share and included an after-tax charge of $18.0 million or $.65 per share with respect to the Company's refinancing. Net income for the quarter ended August 31, 2009 was $1.7 million or $.06 per share.

General Comments

"Conditions in our markets remain challenging," stated Mel Brekhus, Chief Executive Officer. "We continue to focus on meeting market demand as cost effectively as possible. More strategically, we look forward to resuming construction of TXI's central Texas cement plant expansion later this fall."

"The Company's recent refinancing enhances our financial flexibility by improving our liquidity and extending the maturity of our long-term debt. We ended the quarter with $162.4 million cash and the ability to borrow $90 million on our credit facility without incurring any maintenance covenants," added Brekhus.

A teleconference will be held today, September 23, 2010 at 1:00 Central Daylight 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  August 31,
In thousands except per unit	2010	2009
Operating Results
Total cement sales	$ 67,690	$ 78,460
Total other sales and delivery fees	8,692	6,736
Total segment sales	76,382	85,196
Cost of products sold	70,063	69,859
Gross profit	6,319	15,337
Selling, general and administrative	(4,793)	(4,674)
Other income	2,438	1,743
Operating Profit	$ 3,964	$ 12,406
Cement
Shipments (tons)	873	915
Prices ($/ton)	$77.59	$85.70
Cost of sales ($/ton)	$71.23	$68.70

Cement operating profit for the three-month period ended August 31, 2010 was $4.0 million, a decrease of $8.4 million from the prior year period. Lower shipments and sales prices reduced operating profit approximately $8 million.  

Total segment sales for the three-month period ended August 31, 2010 were $76.4 million compared to $85.2 million for the prior year period. Cement sales decreased $10.8 million from the prior year period as construction activity has remained at low levels in both our Texas and California market areas. Our Texas market area accounted for approximately 70% of cement sales in the current period compared to 71% of cement sales in the prior year period. Shipments decreased 8% in our Texas market area and increased 4% in our California market area. Average cement prices decreased 8% in our Texas market area and 13% in our California market area.

Cost of products sold for the three-month period ended August 31, 2010 increased $0.2 million from the prior year period. Cement unit costs increased 4% from the prior year period primarily due to the effect of lower shipments and higher energy costs. 

Selling, general and administrative expense for the three-month period ended August 31, 2010 increased $0.1 million from the prior year period. The increase was primarily due to higher engineering and maintenance expense which was offset in part by lower provisions for bad debts and defined benefit plan expense.

Other income for the three-month period ended August 31, 2010 increased $0.7 million from the prior year period. Other income includes a gain of $1.7 million in the three-month period ended August 31, 2010 from the sale of emissions credits associated with our Crestmore cement plant in Riverside, California which was offset in part by lower gains from routine sales of surplus operating assets.

Aggregate Operations

	Three months ended  August 31,
In thousands except per unit	2010	2009
Operating Results
Total stone, sand and gravel sales	$ 26,593	$ 27,794
Total other sales and delivery fees	23,377	22,307
Total segment sales	49,970	50,101
Cost of products sold	43,410	39,155
Gross profit	6,560	10,946
Selling, general and administrative	(3,059)	(2,705)
Other income	1,633	398
Operating Profit	$ 5,134	$ 8,639
Stone, sand and gravel
Shipments (tons)	3,584	3,423
Prices ($/ton)	$7.42	$8.12
Cost of sales ($/ton)	$6.45	$6.28

Aggregate operating profit for the three-month period ended August 31, 2010 was $5.1 million, a decrease of $3.5 million from the prior year period. Lower sales prices offset in part by higher shipments reduced operating profit approximately $2 million.

Total segment sales for the three-month period ended August 31, 2010 were $50.0 million compared to $50.1 million for the prior year period. Stone, sand and gravel sales decreased $1.2 million from the prior year period on 9% lower average prices and 5% higher shipments.

Cost of products sold for the three-month period ended August 31, 2010 increased $4.3 million from the prior year period primarily due to higher shipments. Overall stone, sand and gravel unit costs increased 3% from the prior year period primarily due to higher repair and maintenance costs. 

Selling, general and administrative expense for the three-month period ended August 31, 2010 increased $0.4 million from the prior year period primarily due to higher provisions for bad debts.

Other income for the three-month period ended August 31, 2010 increased $1.2 million from the prior year period primarily due to higher gains from routine sales of surplus operating assets.

Consumer Products Operations

	Three months ended  August 31,
In thousands except per unit	2010	2009
Operating Results
Total ready-mix concrete sales	$ 52,106	$ 54,053
Total other sales and delivery fees	14,372	15,485
Total segment sales	66,478	69,538
Cost of products sold	63,249	61,716
Gross profit	3,229	7,822
Selling, general and administrative	(2,676)	(3,204)
Other income	198	133
Operating Profit	$ 751	$ 4,751
Ready-mix concrete
Shipments (cubic yards)	669	612
Prices ($/cubic yard)	$77.83	$88.46
Cost of sales ($/cubic yard)	$76.20	$79.91

Consumer products operating profit for the three-month period ended August 31, 2010 was $0.8 million, a decrease of $4.0 million from the prior year period. Lower sales prices offset in part by higher shipments reduced operating profit approximately $6 million.

Total segment sales for the three-month period ended August 31, 2010 were $66.5 million compared to $69.5 million for the prior year period. Ready-mix concrete sales for the three-month period ended August 31, 2010 decreased $1.9 million from the prior year period on 12% lower average prices and 9% higher shipments. 

Cost of products sold for the three-month period ended August 31, 2010 increased $1.5 million from the prior year period primarily due to higher shipments. Overall ready-mix concrete unit costs decreased 5% from the prior year period primarily due to the effect of higher shipments and lower raw material costs.

Selling, general and administrative expense for the three-month period ended August 31, 2010 decreased $0.5 million from the prior year period primarily due to lower provisions for bad debts.

Other income for the three-month period ended August 31, 2010 increased $0.1 million from the prior year period primarily due to higher gains from routine sales of surplus operating assets.

Corporate

	Three months ended  August 31,
In thousands	2010	2009
Other income	$ 621	$ 378
Selling, general and administrative	(5,613)	(9,671)
	$ (4,992)	$ (9,293)

Other income for the three-month period ended August 31, 2010 increased $0.2 million from the prior year period primarily due to higher oil and gas royalties offset in part by lower interest income.

Selling, general and administrative expense for the three-month period ended August 31, 2010 decreased $4.1 million from the prior year period. The decrease was primarily the result of $3.0 million lower stock-based compensation. 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 their fair value decreased stock-based compensation $1.3 million in the three-month period ended August 31, 2010 and increased stock-based compensation $1.6 million in the three-month period ended August 31, 2009. We hold life insurance policies in connection with certain of our benefit plans. Proceeds received from the policies in the three-month period ended August 31, 2010 decreased expense $0.4 million from the prior year period. Our focus on reducing controllable costs lowered overall other expenses $0.7 million in the three-month period ended August 31, 2010 from the prior year period.

Interest

Interest expense incurred was $14.4 million and $13.2 million in the three-month periods ended August 31, 2010 and August 31, 2009, respectively, of which none was capitalized. Interest expense incurred for the three-month period ended August 31, 2010 increased $1.2 million from the prior year period primarily as a result of higher average outstanding debt at higher interest rates due to the refinancing of our 7.25% senior notes.

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. As of August 31, 2010, we recognized a loss on debt retirement of $29.0 million representing $11.1 million in consent fees and transaction costs and a write-off of $17.9 million of unamortized debt discount and original issuance costs associated with the 7.25% notes.

Income Taxes

Income taxes for the interim periods ended August 31, 2010 and August 31, 2009 have been included in the accompanying financial statements on the basis of an estimated annual rate. The estimated annualized rate does not include the tax impact of the loss on debt retirements which has been recognized as a discrete item in the three-month period ended August 31, 2010. The estimated annualized rate excluding this charge is 40.6% for fiscal year 2011 compared to 47.4% for fiscal year 2010. The primary reason that the tax rate differs from the 35% federal statutory corporate rate is due to percentage depletion that is tax deductible, state income taxes and deductions for income from qualified domestic production activities.

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  August 31,
In thousands except per share	2010	2009
NET SALES	$ 172,122	$ 183,957
Cost of products sold	156,014	149,852
GROSS PROFIT	16,108	34,105
Selling, general and administrative	16,141	20,254
Interest	14,411	13,244
Loss on debt retirements	29,006	--
Other income	(4,890)	(2,652)
	54,668	30,846
INCOME (LOSS) BEFORE INCOME TAXES	(38,560)	3,259
Income taxes (benefit)	(14,868)	1,544
NET INCOME (LOSS)	$ (23,692)	$ 1,715
Net income (loss) per share
Basic	$ (.85)	$ .06
Diluted	$ (.85)	$ .06
Average shares outstanding
Basic	27,787	27,720
Diluted	27,787	27,940
Cash dividends declared per share	$ .075	$ .075

CONSOLIDATED BALANCE SHEETS
TEXAS INDUSTRIES, INC. AND SUBSIDIARIES
	(Unaudited) August 31,	May 31,
In thousands	2010	2010
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$ 162,427	$ 74,946
Receivables – net	107,217	112,184
Inventories	148,741	142,419
Deferred income taxes and prepaid expenses	22,673	23,426
TOTAL CURRENT ASSETS	441,058	352,975
PROPERTY, PLANT AND EQUIPMENT
Land and land improvements	158,094	158,367
Buildings	58,371	58,351
Machinery and equipment	1,217,852	1,220,021
Construction in progress	324,760	322,039
	1,759,077	1,758,778
Less depreciation and depletion	618,706	604,269
	1,140,371	1,154,509
OTHER ASSETS
Goodwill	1,715	1,715
Real estate and investments	6,223	6,774
Deferred charges and other	22,398	15,774
	30,336	24,263
	$ 1,611,765	$ 1,531,747
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable	$ 54,659	$ 56,214
Accrued interest, compensation and other	45,805	51,455
Current portion of long-term debt	13,341	234
TOTAL CURRENT LIABILITIES	113,805	107,903
LONG-TERM DEBT	652,459	538,620
DEFERRED INCOME TAXES AND OTHER CREDITS	108,400	123,976
SHAREHOLDERS' EQUITY
Common stock, $1 par value; authorized 100,000 shares; issued  and outstanding 27,807 and 27,796 shares, respectively	27,807	27,796
Additional paid-in capital	476,901	475,584
Retained earnings	246,240	272,018
Accumulated other comprehensive loss	(13,847)	(14,150)
	737,101	761,248
	$ 1,611,765	$ 1,531,747

(Unaudited)
CONSOLIDATED STATEMENTS OF CASH FLOWS
TEXAS INDUSTRIES, INC. AND SUBSIDIARIES
	Three months ended August 31,
In thousands	2010	2009
OPERATING ACTIVITIES
Net income (loss)	$ (23,692)	$ 1,715
Adjustments to reconcile net income (loss) to cash provided by operating activities
Depreciation, depletion and amortization	15,861	16,594
Gains on asset disposals	(1,613)	(1,030)
Deferred income taxes (benefit)	(14,973)	743
Stock-based compensation expense (credit)	(230)	2,643
Excess tax benefits from stock-based compensation	--	(211)
Loss on debt retirements	29,006	--
Other – net	2,192	(221)
Changes in operating assets and liabilities
Receivables – net	4,413	(888)
Inventories	(6,322)	757
Prepaid expenses	1,297	1,074
Accounts payable and accrued liabilities	(7,284)	(6,638)
Net cash provided (used) by operating activities	(1,345)	14,538
INVESTING ACTIVITIES
Capital expenditures – expansions	(1,374)	(4,569)
Capital expenditures – other	(1,782)	(804)
Proceeds from asset disposals	3,209	1,068
Investments in life insurance contracts	327	5,802
Other – net	292	(19)
Net cash provided by investing activities	672	1,478
FINANCING ACTIVITIES
Long-term borrowings	650,000	--
Debt retirements	(547,736)	(59)
Debt issuance costs	(12,250)	(2,032)
Stock option exercises	225	331
Excess tax benefits from stock-based compensation	--	211
Common dividends paid	(2,085)	(2,080)
Net cash provided (used) by financing activities	88,154	(3,629)
Increase in cash and cash equivalents	87,481	12,387
Cash and cash equivalents at beginning of period	74,946	19,796
Cash and cash equivalents at end of period	$ 162,427	$ 32,183

CONTACT:  Texas Industries, Inc.
          Kenneth R. Allen, Vice President, Finance,
           Chief Financial Officer
          972-647-6730
          kallen@txi.com

Texas Industries, Inc.

Consolidated Statements of Operations

$ In thousands expect per share

	FY2005			FY2006			FY2007			FY2008			FY2009												FY2010												FY2011
														Q1		Q2		Q3		Q4		Total				Q1		Q2		Q3		Q4		Total				Q1
Shipments
Cement (thousands of tons)		5,394			5,136			5,074			5,035			1,218		1,083		837		897			4,035			915		738		639		934			3,226			873
Aggregates (thousands of tons)		23,616			25,246			22,114			21,851			5,201		4,605		3,267		3,397			16,470			3,423		2,642		1,947		3,351			11,363			3,584
Ready-mix (thousands of cubic yards)		3,678			3,830			3,665			3,844			947		769		614		572			2,902			612		501		427		607			2,147			669
Price
Cement ($ per ton)		75.05			87.14			95.06			93.07			91.43		90.87		90.17		88.23			90.31			85.70		83.64		81.82		78.95			82.51			77.59
Aggregates ($ per ton)		5.68			6.08			7.03			7.44			7.82		7.74		8.23		8.23			7.97			8.12		7.65		7.62		7.51			7.75			7.42
Ready-mix ($ per cubic yard)		60.54			69.25			75.87			80.83			83.30		84.37		86.87		89.00			85.46			88.46		83.02		79.17		76.06			81.83			77.83
Net Sales
Cement		404,823			447,594			482,379			468,673			111,404		98,407		75,557		79,018			364,386			78,460		61,726		52,322		73,672			266,180			67,690
Aggregates		134,220			153,480			155,562			162,582			40,679		35,667		26,889		27,962			131,197			27,794		20,217		14,849		25,159			88,019			26,593
Ready-mix		222,680			265,254			278,067			310,652			78,894		64,832		53,306		50,899			247,931			54,053		41,720		33,695		46,244			175,712			52,106
Other		104,847			118,555			119,798			132,606			32,275		28,498		29,200		31,348			121,321			28,939		22,244		19,923		30,420			101,526			27,310
Interplant		(105,576	)		(121,127	)		(118,406	)		(130,461	)		(31,992	)	(27,398	)	(22,151	)	(21,489	)		(103,030	)		(20,878	)	(15,988	)	(13,575	)	(19,338	)		(69,779	)		(20,708	)
Delivery Fees		73,809			80,166			78,850			84,802			25,132		21,793		15,858		14,614			77,397			15,589		13,016		10,615		20,186			59,406			19,131
Net Sales		834,803			943,922			996,250			1,028,854			256,392		221,799		178,659		182,352			839,202			183,957		142,935		117,829		176,343			621,064			172,122
Costs and Expenses (Income)
Cost of products sold		692,414			766,941			754,088			834,333			223,765		195,145		149,015		158,208			726,133			149,852		126,063		131,126		155,025			562,066			156,014
Selling, general and administrative		78,434			88,663			108,106			96,220			17,338		15,864		15,982		22,909			72,093			20,254		15,886		17,568		25,707			79,415			16,141
Goodwill impairment		-			-			-			-			-		-		-		58,395			58,395			-		-		-		-			-			-
Interest		23,533			31,155			14,074			2,505			7,245		9,296		8,344		8,401			33,286			13,244		13,364		13,642		11,990			52,240			14,411
Loss on debt retirements and spin-off charges		894			113,247			48			-			907		-		-		-			907			-		-		-		-			-			29,006
Other income		(22,727	)		(47,270	)		(36,629	)		(31,563	)		(8,241	)	(2,211	)	(7,944	)	(2,795	)		(21,191	)		(2,652	)	(5,728	)	(1,044	)	(1,242	)		(10,666	)		(4,890	)
		772,548			952,736			839,687			901,495			241,014		218,094		165,397		245,118			869,623			180,698		149,585		161,292		191,480			683,055			210,682
Income (loss) from Continuing Operations
before Income Taxes		62,255			(8,814	)		156,563			127,359			15,378		3,705		13,262		(62,766	)		(30,421	)		3,259		(6,650	)	(43,463	)	(15,137	)		(61,991	)		(38,560	)
Income Taxes (benefits)		16,811			(8,225	)		51,852			39,728			4,726		571		2,341		(20,412	)		(12,774	)		1,544		(2,948	)	(16,358	)	(5,376	)		(23,138	)		(14,868	)
Income (loss) from Continuing Operations		45,444			(589	)		104,711			87,631			10,652		3,134		10,921		(42,354	)		(17,647	)		1,715		(3,702	)	(27,105	)	(9,761	)		(38,853	)		(23,692	)
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			10,652		3,134		10,921		(42,354	)		(17,647	)		1,715		(3,702	)	(27,105	)	(9,761	)		(38,853	)		(23,692	)
Cumulative Effect of Accounting Change net of Income Taxes		-			-			-			-			-		-		-		-			-			-		-		-		-			-			-
Net Income (loss)		124,523			8,102			104,711			87,631			10,652		3,134		10,921		(42,354	)		(17,647	)		1,715		(3,702	)	(27,105	)	(9,761	)		(38,853	)		(23,692	)

Texas Industries, Inc.

Consolidated Balance Sheets

$ In thousands

	5/31/2005		5/31/2006		5/31/2007		5/31/2008		8/31/2008		11/30/2008		2/28/2009		5/31/2009		8/31/2009		11/30/2009		2/28/2010		5/31/2010		8/31/2010
Cash		251,600		84,139		15,138		39,527		118,548		62,254		33,865		19,796		32,183		56,794		75,615		74,946		162,427
Short-term investments		-		50,606		-		-		-		-		-		-		-		-		-		-		-
Receivables - net		117,363		132,849		142,610		170,943		155,970		140,134		104,199		129,432		129,430		115,469		74,642		112,184		107,217
Inventories		83,291		109,767		135,254		144,654		157,157		155,097		164,657		155,724		156,355		161,431		141,304		142,419		148,741
Deferred income taxes and prepaid expenses		28,754		33,599		17,621		17,943		16,760		17,238		17,733		22,039		21,244		21,320		21,887		23,426		22,673
Total Current Assets		481,008		410,960		310,623		373,067		448,435		374,723		320,454		326,991		339,212		355,014		313,448		352,975		441,058
Property, plant and equipment		886,447		956,896		1,293,360		1,546,125		1,628,431		1,722,452		1,767,701		1,791,546		1,789,351		1,788,663		1,790,965		1,758,778		1,759,077
Less depreciation and depletion		473,794		486,585		509,138		518,361		530,925		546,663		557,990		572,195		587,052		601,982		613,930		604,269		618,706
Net Property, Plant and Equipment		412,653		470,311		784,222		1,027,764		1,097,506		1,175,789		1,209,711		1,219,351		1,202,299		1,186,681		1,177,035		1,154,509		1,140,371
Goodwill		58,395		58,395		58,395		60,110		60,110		60,110		60,110		1,715		1,715		1,715		1,715		1,715		1,715
Real estate and investments		99,491		125,159		110,761		59,261		33,253		32,011		31,011		10,001		7,736		7,827		7,334		6,774		6,223
Deferred income taxes, intangibles and other charges		27,571		22,706		11,369		11,332		13,907		15,241		17,023		14,486		15,852		15,787		14,050		15,774		22,398
Assets of discontinued operations		1,114,627		-		-		-								-		-		-		-		-		-
		1,300,084		206,260		180,525		130,703		107,270		107,362		108,144		26,202		25,303		25,329		23,099		24,263		30,336
Total Assets		2,193,745		1,087,531		1,275,370		1,531,534		1,653,211		1,657,874		1,638,309		1,572,544		1,566,814		1,567,024		1,513,582		1,531,747		1,611,765
Accounts payable		44,560		50,931		96,883		111,478		106,138		95,535		83,094		55,749		48,894		41,144		43,537		56,214		54,659
Accrued interest, compensation and other items		62,202		66,955		70,104		66,967		53,075		65,647		51,285		51,856		47,808		60,224		41,515		51,455		45,805
Current portion of long term debt		688		681		1,340		7,725		229		234		238		243		247		541		500		234		13,341
Total Current Liabilities		107,450		118,567		168,327		186,170		159,442		161,416		134,617		107,848		96,949		101,909		85,552		107,903		113,805
Long-term Debt		603,126		251,505		274,416		401,880		539,195		539,978		540,767		541,540		542,371		543,244		544,087		538,620		652,459
Convertible subordinated debentures		199,937		159,725		-		-		-		-		-		-		-		-		-		-		-
Deferred income taxes and other credits		77,138		79,837		95,508		118,117		116,801		113,730		109,578		120,011		122,765		121,591		111,171		123,976		108,400
Liabilities of discontinued operations										-		-		-		-		-		-		-		-		-
Shareholders' equity		927,567		477,897		737,119		825,367		837,773		842,750		853,347		803,145		804,729		800,280		772,772		761,248		737,101
Total Liabilities and Shareholders' Equity		2,193,745		1,087,531		1,275,370		1,531,534		1,653,211		1,657,874		1,638,309		1,572,544		1,566,814		1,567,024		1,513,582		1,531,747		1,611,765
		-		-		-		-		-		-		-		-		-		-		-		-

Texas Industries, Inc.

Consolidated Statements of Cash Flows

$ In thousands

	FY2005			FY2006			FY2007			FY2008			FY2009												FY2010												FY2011
														Q1		Q2		Q3		Q4		Total				Q1		Q2		Q3		Q4		Total				Q1
CONTINUING OPERATIONS
Operating Activities
Income (Loss) from Continuing Operations		45,444			(589	)		104,711			87,631			10,652		3,134		10,921		(42,354	)		(17,647	)		1,715		(3,702	)	(27,105	)	(9,761	)		(38,853	)		(23,692	)
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			16,865		17,151		17,183		16,993			68,192			16,594		16,377		16,292		14,662			63,925			15,861
Goodwill impairment		-			-			-			-			-		-		-		58,395			58,395			-		-		-		-			-			-
Loss (gain) on asset disposals		(6,582	)		(34,768	)		(2,917	)		(19,410	)		(280	)	(147	)	(5,811	)	(521	)		(6,759	)		(1,030	)	(403	)	109		(26	)		(1,350	)		(1,613	)
Deferred income taxes (benefit)		33,811			6,581			13,622			20,036			2,538		1,089		(2,475	)	(3,090	)		(1,938	)		743		13		(11,744	)	1,856			(9,132	)		(14,973	)
Stock-based compensation expense (credit)		-			-			13,866			2,395			(4,060	)	(3,769	)	(1,339	)	4,768			(4,400	)		2,643		(500	)	1,589		1,365			5,097			(230	)
Excess tax benefits from stock-based compensation		8,000			9,969			(1,694	)		(3,299	)		(1,212	)	(554	)	(5	)	175			(1,596	)		(211	)	(37	)	14		(16	)		(250	)		-
Loss on debt retirements		-			107,006			48			-			907		-		-		-			907			-		-		-		-			-			29,006
Other - net		889			(2,399	)		3,234			2,475			(1,006	)	(61	)	2,451		4,547			5,931			(221	)	830		2,490		10,899			13,998			2,192
Changes in operating assets and liabilities																																			-
Receivables - net		(8,873	)		(5,060	)		846			(29,507	)		14,269		15,805		16,866		8,457			55,397			(888	)	14,908		11,844		(31,285	)		(5,421	)		4,413
Inventories		6,082			(18,761	)		(25,047	)		(9,400	)		(12,504	)	2,061		(9,561	)	8,934			(11,070	)		757		(4,600	)	17,945		(396	)		13,706			(6,322	)
Prepaid expenses		(1,680	)		63			1,392			(2,033	)		1,366		(452	)	(396	)	(2,412	)		(1,894	)		1,074		693		(14	)	(1,366	)		387			1,297
Accounts payable and accrued liabilities		17,017			(12,155	)		31,541			(2,910	)		(16,920	)	(6,534	)	6,365		(19,143	)		(36,232	)		(6,638	)	1,815		(4,492	)	15,361			6,046			(7,284	)
Other credits		3,838			2,527			-			-			-		-				-			-			-		-		-		-			-			-
Cash Provided by Continuing Operating Activities		144,420			97,369			185,958			101,555			10,615		27,723		34,199		34,749			107,286			14,538		25,394		6,928		1,293			48,153			(1,345	)
Investing Activities
Capital expenditures		(46,178	)		(110,245	)		(317,658	)		(312,525	)		(88,736	)	(86,595	)	(65,540	)	(47,673	)		(288,544	)		(5,373	)	(2,069	)	(4,286	)	(1,931	)		(13,659	)		(3,156	)
Cash designed for property acquisitions														26,958		1,775		-		-			28,733			-		-		-		-			-			-
Proceeds from asset disposals		7,136			23,107			5,552			34,922			512		353		6,577		539			7,981			1,068		375		20,125		24			21,592			3,209
Investments in insurance contracts		(58,798	)		(4,366	)		(6,061	)		99,203			1,464		799		216		397			2,876			5,802		924		205		36			6,967			327
Purchases of short-term investments - net														-		-		-		-			-			-		-		-		-			-			-
Other - net		(677	)		612			(336	)		101			192		(17	)	(164	)	(32	)		(21	)		(19	)	17		16		2,065			2,079			292
Cash Provided (Used) by Investing Activities		(98,517	)		(141,392	)		(268,003	)		(207,032	)		(59,610	)	(83,685	)	(58,911	)	(46,769	)		(248,975	)		1,478		(753	)	16,060		194			16,979			672
Financing Activities
Long-term borrowings		-			250,000			38,000			366,000			327,250		-		-		-			327,250			-		-		-		-			-			650,000
Debt retirements		(699	)		(600,700	)		(25,521	)		(232,366	)		(197,555	)	(55	)	(66	)	(96	)		(197,772	)		(59	)	(85	)	(132	)	31			(245	)		(547,736	)
Debt issuance costs		(39	)		(7,363	)		-			(2,160	)		(2,306	)	(1,170	)	(1,994	)	-			(5,470	)		(2,032	)	(7	)	-		(513	)		(2,552	)		(12,250	)
Debt retirement costs		-			(96,029	)		(6	)		-			-		-		-		-			-			-		-		-		-			-			-
Interest rate swap terminations		(6,315	)		-			-			-			-		-		-		-			-			-		-		-		-			-			-
Stock option exercises		41,399			7,510			6,394			3,315			1,480		2,405		456		300			4,641			331		25		143		394			893			225
Excess tax benefits from stock-based compensation		-			-			1,694			3,299			1,212		554		5		(175	)		1,596			211		37		(14	)	16			250			-
Common dividends paid		(6,643	)		(6,908	)		(7,517	)		(8,222	)		(2,065	)	(2,066	)	(2,078	)	(2,078	)		(8,287	)		(2,080	)	-		(4,164	)	(2,084	)		(8,328	)		(2,085	)
Other - net		-			-			-			-			-		-		-					-			-		-		-		-			-			-
Cash Provided (Used) by Financing Activities		27,703			(453,490	)		13,044			129,866			128,016		(332	)	(3,677	)	(2,049	)		121,958			(3,629	)	(30	)	(4,167	)	(2,156	)		(9,982	)		88,154
Net Cash Provided (Used) by Continuing Operations		73,606			(497,513	)		(69,001	)		24,389			79,021		(56,294	)	(28,389	)	(14,069	)		(19,731	)		12,387		24,611		18,821		(669	)		55,150			87,481
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			79,021		(56,294	)	(28,389	)	(14,069	)		(19,731	)		12,387		24,611		18,821		(669	)		55,150			87,481
Cash and Cash Equivalents at Beginning of Period		133,053			251,600			84,139			15,138			39,527		118,548		62,254		33,865			39,527			19,796		32,183		56,794		75,615			19,796			74,946
Cash and Cash Equivalents at End of Period		251,600			84,139			15,138			39,527			118,548		62,254		33,865		19,796			19,796			32,183		56,794		75,615		74,946			74,946			162,427

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
														Q1		Q2		Q3		Q4		Total				Q1		Q2		Q3		Q4		Total				Q1
EBITDA Defined
Net Income (loss) from Continuing Operations		45,444			(589	)		104,711			87,631			10,652		3,134		10,921		(42,354	)		(17,647	)		1,715		(3,702	)	(27,105	)	(9,761	)		(38,853	)		(23,692	)
Plus (minus):
Interest		23,533			31,155			14,074			2,505			7,245		9,296		8,344		8,401			33,286			13,244		13,364		13,642		11,990			52,240			14,411
Income taxes (benefit)		16,811			(8,225	)		51,852			39,728			4,726		571		2,341		(20,412	)		(12,774	)		1,544		(2,948	)	(16,358	)	(5,376	)		(23,138	)		(14,868	)
Depreciation, depletion and amortization		46,474			44,955			46,356			55,577			16,865		17,151		17,183		16,993			68,192			16,594		16,377		16,292		14,662			63,925			15,861
Goodwill impairment		-			-			-			-			-		-		-		58,395			58,395			-		-		-		-			-			-
Loss on debt retirements and spin-off charges		894			113,247			48			-			907		-		-		-			907			-		-		-		-			-			29,006
EBITDA		133,156			180,543			217,041			185,441			40,395		30,152		38,789		21,023			130,359			33,097		23,091		(13,529	)	11,515			54,174			20,718
EBITDA represents income from continuing operations before interest, income taxes, depreciation and amortization, loss on debt retirements and goodwill impairment.
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			10,615		27,723		34,199		34,749			107,286			14,538		25,394		6,928		1,293			48,153			(1,345	)
Plus (minus):
Changes in operating assets and liabilities		(16,384	)		33,386			(8,732	)		43,850			13,789		(10,880	)	(13,274	)	4,164			(6,201	)		5,695		(12,816	)	(25,283	)	17,686			(14,718	)		7,896
Deferred taxes (benefit)		(33,811	)		(6,581	)		(13,622	)		(20,036	)		(2,538	)	(1,089	)	2,475		3,090			1,938			(743	)	(13	)	11,744		(1,856	)		9,132			14,973
Stock-based compensation expense (credit)		-			-			(13,866	)		(2,395	)		4,060		3,769		1,339		(4,768	)		4,400			(2,643	)	500		(1,589	)	(1,365	)		(5,097	)		230
Excess tax benefits from stock-based compensation		(8,000	)		(9,969	)		1,694			3,299			1,212		554		5		(175	)		1,596			211		37		(14	)	16			250			-
Income taxes (benefit)		16,811			(8,225	)		51,852			39,728			4,726		571		2,341		(20,412	)		(12,774	)		1,544		(2,948	)	(16,358	)	(5,376	)		(23,138	)		(14,868	)
Loss (gain) on assets disposals		6,582			34,768			2,917			19,410			280		147		5,811		521			6,759			1,030		403		(109	)	26			1,350			1,613
Interest		23,533			31,155			14,074			2,505			7,245		9,296		8,344		8,401			33,286			13,244		13,364		13,642		11,990			52,240			14,411
Spin-off charges		894			6,241			-			-			-		-		-		-			-			-		-		-		-			-			-
Other - net		(889	)		2,399			(3,234	)		(2,475	)		1,006		61		(2,451	)	(4,547	)		(5,931	)		221		(830	)	(2,490	)	(10,899	)		(13,998	)		(2,192	)
EBITDA		133,156			180,543			217,041			185,441			40,395		30,152		38,789		21,023			130,359			33,097		23,091		(13,529	)	11,515			54,174			20,718

Texas Industries, Inc.

Business Segment Summary

$ In thousands expect per share

	FY2005			FY2006			FY2007			FY2008			FY2009															FY2010															FY2011
														Q1			Q2			Q3			Q4		Total				Q1			Q2			Q3			Q4		Total				Q1
Cement Operations
Operating Results
Total cement sales		404,823			447,594			482,379			468,673			111,404			98,407			75,557			79,018			364,386			78,460			61,726			52,322			73,672			266,180			67,690
Total other sales and delivery fees		30,699			27,416			27,648			36,079			9,959			9,641			5,882			5,452			30,934			6,736			6,457			5,296			9,844			28,333			8,692
Total segment sales		435,522			475,010			510,027			504,752			121,363			108,048			81,439			84,470			395,320			85,196			68,183			57,618			83,516			294,513			76,382
Cost of products sold		338,528			352,603			343,145			391,687			104,557			94,206			67,919			76,142			342,824			69,859			58,359			70,616			71,929			270,763			70,063
Gross profit		96,994			122,407			166,882			113,065			16,806			13,842			13,520			8,328			52,496			15,337			9,824			(12,998	)		11,587			23,750			6,319
Selling, general and administrative		(15,085	)		(13,956	)		(19,878	)		(18,307	)		(5,405	)		(6,082	)		(3,577	)		(4,279	)		(19,343	)		(4,674	)		(4,359	)		(3,715	)		(4,780	)		(17,528	)		(4,793	)
Goodwill impairment		-			-			-			-			-			-			-			(58,395	)		(58,395	)		-			-			-			-			-			-
Other income		1,342			951			24,536			7,419			5,264			1,008			1,423			1,606			9,301			1,743			4,670			411			950			7,774			2,438
Operating Profit (loss)		83,251			109,402			171,540			102,177			16,665			8,768			11,366			(52,740	)		(15,941	)		12,406			10,135			(16,302	)		7,757			13,996			3,964
Cement
Shipments (tons)		5,394			5,136			5,074			5,035			1,218			1,083			837			897			4,035			915			738			639			934			3,226			873
Prices ($/ton)	$	75.05		$	87.14		$	95.06		$	93.07		$	91.43		$	90.87		$	90.17		$	88.23		$	90.31		$	85.70		$	83.64		$	81.82		$	78.95		$	82.51		$	77.59
Cost of sales ($/ton)	$	58.03		$	63.65		$	63.08		$	70.85		$	79.26		$	79.04		$	73.92		$	78.94		$	78.02		$	68.70		$	71.98		$	101.70		$	69.99		$	76.36		$	71.23
Aggregate Operations
Operating Results
Total stone, sand and gravel sales		134,220			153,480			155,562			162,582			40,679			35,667			26,889			27,962			131,197			27,794			20,217			14,849			25,159			88,019			26,593
Total other sales and delivery fees		88,125			99,101			113,292			122,748			31,118			24,838			25,882			24,456			106,294			22,307			16,070			14,410			24,141			76,928			23,377
Total segment sales		222,345			252,581			268,854			285,330			71,797			60,505			52,771			52,418			237,491			50,101			36,287			29,259			49,300			164,947			49,970
Cost of products sold		191,837			219,124			218,394			231,503			59,456			51,908			42,678			43,541			197,583			39,155			32,001			28,882			42,925			142,963			43,410
Gross profit		30,508			33,457			50,460			53,827			12,341			8,597			10,093			8,877			39,908			10,946			4,286			377			6,375			21,984			6,560
Selling, general and administrative		(11,920	)		(15,436	)		(16,212	)		(15,178	)		(3,823	)		(3,506	)		(2,379	)		(2,925	)		(12,633	)		(2,705	)		(2,489	)		(1,937	)		(2,471	)		(9,602	)		(3,059	)
Other income		10,782			30,376			2,638			16,974			407			463			5,466			618			6,954			398			432			409			180			1,419			1,633
Operating Profit (loss)		29,370			48,397			36,886			55,623			8,925			5,554			13,180			6,570			34,229			8,639			2,229			(1,151	)		4,084			13,801			5,134
Stone, sand and gravel
Shipments (tons)		23,616			25,246			22,114			21,851			5,201			4,605			3,267			3,397			16,470			3,423			2,642			1,947			3,351			11,363			3,584
Prices ($/ton)	$	5.68		$	6.08		$	7.03		$	7.44		$	7.82		$	7.74		$	8.23		$	8.23		$	7.97		$	8.12		$	7.65		$	7.62		$	7.51		$	7.75		$	7.42
Cost of sales ($/ton)	$	4.80		$	5.23		$	5.40		$	6.13		$	6.28		$	6.62		$	6.92		$	7.14		$	6.68		$	6.28		$	7.03		$	8.41		$	6.60		$	6.91		$	6.45
Consumer Products Operations
Operating Results
Total ready-mix concrete sales		222,680			265,254			278,067			310,652			78,894			64,832			53,306			50,899			247,931			54,053			41,720			33,695			46,244			175,712			52,106
Total other sales and delivery fees		59,832			72,204			57,708			58,581			16,330			15,812			13,294			16,054			61,490			15,485			12,733			10,832			16,621			55,671			14,372
Total segment sales		282,512			337,458			335,775			369,233			95,224			80,644			66,600			66,953			309,421			69,538			54,453			44,527			62,865			231,383			66,478
Cost of products sold		267,625			316,341			310,955			341,604			91,744			76,429			60,569			60,014			288,756			61,716			51,691			45,203			59,509			218,119			63,249
Gross profit		14,887			21,117			24,820			27,629			3,480			4,215			6,031			6,939			20,665			7,822			2,762			(676	)		3,356			13,264			3,229
Selling, general and administrative		(10,339	)		(11,415	)		(16,284	)		(19,314	)		(4,315	)		(3,716	)		(2,142	)		(2,943	)		(13,116	)		(3,204	)		(2,749	)		(1,421	)		(2,819	)		(10,193	)		(2,676	)
Other income		711			647			1,310			3,268			385			180			651			98			1,314			133			268			115			70			586			198
Operating Profit (loss)		5,259			10,349			9,846			11,583			(450	)		679			4,540			4,094			8,863			4,751			281			(1,982	)		607			3,657			751
Ready-mix concrete
Shipments (tons)		3,678			3,830			3,665			3,844			947			769			614			572			2,902			612			501			427			607			2,147			669
Prices ($/ton)	$	60.54		$	69.25		$	75.87		$	80.83		$	83.30		$	84.37		$	86.87		$	89.00		$	85.46		$	88.46		$	83.02		$	79.17		$	76.06		$	81.83		$	77.83
Cost of sales ($/ton)	$	61.12		$	67.69		$	71.92		$	76.36		$	81.15		$	81.96		$	80.45		$	82.13		$	81.41		$	79.91		$	80.98		$	84.35		$	75.60		$	79.82		$	76.20
Total Segment Operating Profit (loss)														25,140			15,001			29,086			(42,076	)		27,151			25,796			12,645			(19,435	)		12,448			31,454			9,849
Corporate
Other income		9,892			15,296			8,145			3,902			2,185			560			404			473			3,622			378			358			109			42			887			621
Selling, general and administrative		(41,090	)		(47,856	)		(55,732	)		(43,421	)		(3,795	)		(2,560	)		(7,884	)		(12,762	)		(27,001	)		(9,671	)		(6,289	)		(10,495	)		(15,637	)		(42,092	)		(5,613	)
		(31,198	)		(32,560	)		(47,587	)		(39,519	)		(1,610	)		(2,000	)		(7,480	)		(12,289	)		(23,379	)		(9,293	)		(5,931	)		(10,386	)		(15,595	)		(41,205	)		(4,992	)
Interest		(23,533	)		(31,155	)		(14,074	)		(2,505	)		(7,245	)		(9,296	)		(8,344	)		(8,401	)		(33,286	)		(13,244	)		(13,364	)		(13,642	)		(11,990	)		(52,240	)		(14,411	)
Loss on Debt Retirements		(894	)		(113,247	)		(48	)		-			(907	)		-			-			-			(907	)		-			-			-			-			-			(29,006	)
Income (loss) from Continuing Operations before
Income Taxes		62,255			(8,814	)		156,563			127,359			15,378			3,705			13,262			(62,766	)		(30,421	)		3,259			(6,650	)		(43,463	)		(15,137	)		(61,991	)		(38,560	)

Texas Industries, Inc.

Business Segment Summary

$ In thousands expect per share

	FY2005		FY2006		FY2007		FY2008		FY2009							FY2010							FY2011
										Q1	Q2	Q3	Q4	Total			Q1	Q2	Q3	Q4	Total			Q1
Major Gains (losses) in Other Income
Cement - antidumping settlement						19,803
Cement - sale of emissions credits										1,723					1,723			3,427				3,427		1,690
Cement - oil and gas bonus proceeds										2,781					2,781
Aggregates - sale of emissions credits
Aggregates - sale of real estate				23,987				5,146				4,961			4,961
Aggregates - sale of southern Louisiana operations
Corporate - oil and gas bonus proceeds										1,636					1,636
Depreciation, Depletion and Amortization
Cement		24,926		23,628		23,234		25,645		9,333	9,393	9,525	9,548		37,799		9,341	9,286	9,250	7,951		35,828		9,149
Aggregates		12,898		13,926		16,093		21,166		5,421	5,651	5,576	5,271		21,919		5,067	4,994	5,057	4,755		19,873		4,772
Consumer Products		6,889		6,181		6,493		7,998		1,873	1,856	1,817	1,888		7,434		1,896	1,807	1,695	1,667		7,065		1,656
Corporate		1,761		1,220		536		768		238	251	265	286		1,040		290	290	290	289		1,159		284
Total Depreciation, Depletion and Amortization		46,474		44,955		46,356		55,577		16,865	17,151	17,183	16,993		68,192		16,594	16,377	16,292	14,662		63,925		15,861