Cement News tagged under: Texas Industries
Martin Marietta Materials boosted by Texas Industries11 February 2015, Published under Cement NewsMartin Marietta Materials, including Texas Industries from mid-2014, saw turnover increase by 34.2 per cent in 2014 to US$2958m and the EBITDA of US$631.2m was 59.9 per cent higher than the figure shown a year ago. The trading profit rose by 44.4 per cent to US$314.9m while the net attributable profit it improved by 12.8 per cent to US$155.6m. Aggregates Martin Marietta's aggregates production rose by 15,3 per cent in 2014 to 134.31Mt (148.0543Mst) while the original business showed a ... |
Martin Marietta boosted by TXI acquisition29 October 2014, Published under Cement NewsMartin Marietta Materials, with a three-month contribution from Texas Industries (TX)I, increased turnover by 30.5 per cent to US$2101.6m in the first nine months of the calendar year, while EBITDA almost doubled by rising by 99.2 per cent to US$565.4m. The trading profit rose by 26.5 per cent to US$196.3m and the net interest charge was 10.8 per cent higher at US$45m. Pre-tax profit advanced by 31.1 per cent to US$150m, but the tax charge just over doubled. This left the net profit 6.7... |
Martin Marietta's net profit trebles30 July 2014, Published under Cement NewsMartin Marietta Materials, the fourth-largest US aggregates producer, has announced a first-half turnover 161.9 per cent ahead at US$1097.8m and the EBITDA improved by 23.8 per cent to US$163.8m. The trading profit rose by 73.4 per cent to US$80.3m and after a net interest charge that was 7.4 per cent lower at US$25.1m, the pre-tax profit emerged at US$52.0m compared with US$19.1m and the net attributable profit virtually trebled to US$26.5m. Net debt at the end of June was less than ... |
Martin Marietta completes TXI acquisition03 July 2014, Published under Cement NewsMartin Marietta Inc said it has completed its acquisition of Texas Industries Inc (TXI). As a result, the common stock of TXI is no longer listed for trading on the New York Stock Exchange. In a statement, Ward Nye, Martin Marietta's CEO, said the merger gives his company an "expanded platform for growth," particularly in Texas and California. "I look forward to continuing to work closely with our team and all of our employees, including our new team members from TXI, to ensure a seamle... |
Martin Marietta and TXI confirm agreement with US Department of Justice30 June 2014, Published under Cement NewsMartin Marietta has reached an agreement with the US Department of Justice (DOJ), approved by the district court for the District of Columbia, that resolves all competition issues with respect to Martin Marietta's proposed acquisition of Texas Industries, Inc. Under the terms of the agreement with the DOJ, Martin Marietta will divest its North Troy aggregate quarry in Mill Creek, Oklahoma and its two rail yards located in Dallas and Frisco, Texas. "We appreciate the Department of Justice'... |
Martin Marietta to resolve TXI competition issues24 June 2014, Published under Cement NewsMartin Marietta Materials, Inc expects to enter into an agreement with the US Department of Justice that will resolve all competition issues with respect to the proposed acquisition of Texas Industries, Inc. Martin Marietta believes that the agreement will be finalised this week. While Martin Marietta is not in a position to state the terms of the agreement until it is final, it anticipates that the agreement will require the divestiture of Martin Marietta's North Troy aggregates quarry i... |
Texas Industries third-quarter net loss widens03 April 2014, Published under Cement NewsDuring the first nine months to the end of February, Texas Industries Inc saw turnover rise by 34.4 per cent to US$649.8m and the EBITDA advanced by 46 per cent to US$69m. After a more than doubling of the net interest charge from US$22.5m to US$52.2m, a US$2.8m merger charge and a 95.9 per cent jump in other net costs, the pre-tax loss rose by 47.8 per cent to US$41.7m and the net loss jumped by 98.9 per cent to US$39m. The net debt at the end of February was 2.8 per cent lower at US$611m... |
Martin Marietta to take over Texas Industries29 January 2014, Published under Cement NewsMartin Marietta Materials, currently the fourth-largest US aggregates producer, is making an agreed, all-share offer for Texas Industries. If concluded, it will leave existing Martin Marietta Materials shareholders with around 69 per cent of the combined equity, with the remaining 31 per cent going to the existing owners of Texas Industries. Martin Marietta will thereby enter the cement industry and the merged entity will control some 400 quarries, pits and distribution points across 36 ... |
TXI 2Q sales increase, but net loss widens09 January 2014, Published under Cement NewsTexas Industries, Inc today reported a wider net loss for the quarter ended 30 November 2013 compared to the same period of last year, as a number of non-recurring and short-term factors masked the improvement in both demand and pricing it is experiencing in its markets. The company reported a quarterly loss of US$17.6m, or 62 cents a share, compared with a loss of US$11.1m in the same period a year earlier, or 40 cents a share. The prior-year period included a four-cent loss tied to d... |
Texas Industries working with Citigroup for possible sale, USA16 December 2013, Published under Cement NewsThe owners of Texas Industries are reported to be exploring a sale of the Dallas-based company, Bloomberg reported, citing three people with knowledge of the matter. Southeastern Asset Management Inc. and NNS Holding, the two largest shareholders, have been looking to sell their stakes for some time, though they may struggle to get a price they deem sufficient, one source said. Vulcan Materials and Holcim are among the companies being viewed as potential suitors, the news agency quoted one... |