http://www.morningstar.com/earnings/50312706-txi-txi-q3-2013.aspx

TXI TXI
Q3 2013 Earnings Call Transcript

Transcript Call Date 03/28/2013

Operator: Good day, ladies and gentlemen, thank you for standing by. Welcome to the TXI Third Quarter Conference Call. During today's presentation, all parties will be in a listen-only mode. Following the presentation, the conference will be opened for questions.

I would now like to turn the conference over to Mr. Les Vines. Please go ahead, sir.

T. Lesley Vines - VP, Corporate Controller and Treasurer: Thank you, Bruno. Good morning, everybody. Thank you again for joining us for our third quarter conference call and webcast. We certainly appreciate your time and interest. On the call with me today are President and CEO, Mel Brekhus; CFO, Ken Allen; and Chief Operating Officer, Jamie Rogers.

We will follow the same format as in previous calls, with management providing comments for the quarter and then follow with your Q&A, and consistent with recent practices, we would ask that in order to give everybody an opportunity to ask your questions, if you would limit your initial round to two three that would be great.

Before turning things over to Mel, I'd like to remind you that we are hosting an Investor Day on April 18, in Austin. I think today is the RSVP date, in case you haven't already, let us know of your intent to attend. And if you have any questions about the event, you can contact Linda English. Her number is 9726476732.

Also, I need to remind you that certain statements contained in this conference call are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements speak only as of the date hereof and we assume no obligation to publicly update such statements. Such statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements.

Potential risks and uncertainties include, but are not limited to, the impact of competitive pressures and changing economic and financial conditions on our business, the cyclical and seasonal nature of our business, the level of construction activity in our markets, abnormal periods of inclement weather, unexpected periods of equipment downtime; unexpected operational difficulties; changes in the cost of raw materials, fuel and energy; changes in interest rates, the timing and amount of federal, state and local funding for infrastructure; delays in announced capacity expansions; ongoing volatility and uncertainty in the capital or credit markets; the impact of environmental laws; regulations and claims; and changes in governmental and public policy; and the risks and uncertainties described in our reports on Forms 10-K, 10-Q, and 8-K.

With that, I will turn it over to you, Mel.

Mel G. Brekhus - President and CEO: Okay. Thanks Les, and good morning, everyone. There are three things that I want to make sure you take away from the call today. They are; number one, all of our markets are improving. Number two, all of our markets still have a lot of upside before getting back to their historical averages in peak. Number three, we're positioned better than ever to take advantage of the potential in all of these markets.

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