Texas Industries Earnings: Everything You Must Know Now
Texas Industries Inc. (NYSE:TXI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Texas Industries Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 266787.5% to $213.51 in the quarter versus EPS of $0.08 in the year-earlier quarter.
Revenue: Rose 22.31% to $213.51 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Texas Industries Inc. reported adjusted EPS income of $213.51 per share. By that measure, the company beat the mean analyst estimate of $0.2. It beat the average revenue estimate of $199.7 million.
Quoting Management: “The fourth quarter certainly benefited from the continuing recovery of construction activity in our major markets,” stated Mel Brekhus, Chief Executive Officer. “Shipments of all products reflect double digit percentage increases compared to a year ago.”
Key Stats (on next page)…