Exhibit 99.1

Message

TXI ANNOUNCES RECORD EARNINGS
FOR FISCAL 2005

 

Fourth quarter profit a record for CAC operations

 

Fiscal year 2005 profit a record for Chaparral Steel

 

Spin-off of Chaparral Steel to be completed July 29, 2005

Dallas, Texas – July 13, 2005 - Texas Industries, Inc. (NYSE – TXI) today announced results for the year and fourth quarter ended May 31, 2005.  Net income for the year of $124.5 million ($5.12 per share) was a record.  Net income a year ago of $36.3 million ($1.69 per share) included an after-tax gain from the sale of brick assets of $20.5 million ($.90 per share).Net income for the quarter ended May 31, 2005 equaled $41.7 million ($1.66 per share), slightly ahead of net income of $37.6 million ($1.59 per share) for the same quarter last year.

“The record annual operating profit for steel was twice its previous high,” stated Mel Brekhus, Chief Executive Officer.  “Cement, aggregate and concrete operations registered a record fourth quarter.  The separation of Chaparral Steel from TXI through the tax-free spin-off of Chaparral should be completed by the end of July.”

“Cement, aggregate and concrete operations turned a corner during the fourth quarter,” continued Brekhus.  “Further margin expansion may be expected over the near term and, in two years, our project to expand and modernize our California cement plant should be completed.  The project will enhance TXI’s competitive position in the nation’s largest cement market. The facility’s capacity will be increased by 75% and existing, older equipment will be replaced with state-of-the-art, highly efficient production.”

“Steel returns continue to be quite attractive even though U.S. nonresidential construction, the primary driver of demand for structural steel products, remains at a cyclical low.  Nonresidential construction will eventually recover and should generate demand for increased shipments of Chaparral’s products.  In the meantime, Chaparral will continue to develop and expand shipments of its new sheet pile products which are used in retaining wall applications.”

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The following information was filed by Texas Industries Inc (TXI) on Monday, July 18, 2005 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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