TXI looking good

Texas Industries Inc. is reporting net income from continuing operations of $41.9 million ($1.58 per share) for the quarter ended May 31, 2006. Net income from continuing operations for the same period last year was $26.7 million ($1.09 per share). "The recent quarter's earnings represented record quarterly performance for TXI's cement, aggregate and concrete operations," says Mel Brekhus, Chief Executive Officer. "Looking forward, the modernization and expansion of our California cement plant remains on time and on budget. The new plant should come online in late fall or early winter of 2007 and add one million tons of annual cement capacity. The California project, in combination with expansion opportunities at our Texas plants, should increase TXI's total annual cement production capacity from today's 5 million ton level to 7.5 million tons over the next four to five years." Your comment?