Texas Industries Increases Sales but Misses Estimates on Earnings

Just the facts, Fool.

Seth Jayson
Seth Jayson
Sep 27, 2012 at 12:00AM
Other

Texas Industries (NYSE: TXI) reported earnings on Sep. 26. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Aug. 31 (Q1), Texas Industries beat expectations on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded and GAAP loss per share contracted.

Margins increased across the board.

Revenue details
Texas Industries recorded revenue of $191.8 million. The nine analysts polled by S&P Capital IQ predicted net sales of $185.4 million on the same basis. GAAP reported sales were 5.5% higher than the prior-year quarter's $181.7 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at -$0.09. The 10 earnings estimates compiled by S&P Capital IQ predicted -$0.06 per share. GAAP EPS were -$0.09 for Q1 compared to -$0.27 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 10.5%, 290 basis points better than the prior-year quarter. Operating margin was 0.6%, 280 basis points better than the prior-year quarter. Net margin was -1.4%, 270 basis points better than the prior-year quarter.


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Looking ahead
Next quarter's average estimate for revenue is $163.3 million. On the bottom line, the average EPS estimate is -$0.17.

Next year's average estimate for revenue is $678.1 million. The average EPS estimate is -$0.61.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 104 members out of 131 rating the stock outperform, and 27 members rating it underperform. Among 44 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 34 give Texas Industries a green thumbs-up, and 10 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Texas Industries is hold, with an average price target of $41.14.