9% of revenue in the first quarter of fiscal year 2004 to 9% in
the first quarter of fiscal year 2005. We credit the excellent performance of our dedicated employees
for enabling these results with their continuous improvement work
ethic.
The Company also will host a conference call at 4:00 p. E.

claimed 700

(NASDAQ NM:PECS) announced today that Mark J. As a percentage of revenue, the
SG+A expenses for these two quarters on a comparative basis declined
from 9.

mauritania hamra

1979 102

com

For more information, contact Martha Hill , PEC Director of
Investor Relations, at 703-679-4900.4% in the first quarter of
fiscal year 2004 to 13.6% in the first quarter of fiscal year 2005.

a region in NW Africa on the Atlantic
coast, bounded by Morocco, Algeria, and
Mauritania: a former Spanish province
comprising Ro de Oro and Saguia el
Hamra 1884-1976; divided between Morocco
and Mauritania 1976; claimed entirely by
Morocco 1979, but still under dispute.

sq sahar

is one of the nation's leading
producers of construction aggregates, a major provider of ready-mixed
concrete and concrete products in the Southeastern and Mid-Atlantic
States and a significant supplier of cement in Florida and Georgia .69 .

180, 000; ab.

algeria sahara

----PEC Solutions, Inc. Emery will direct PEC's information technology (IT)
infrastructure support services practice, which supports the
networking and server/desktop management functions of PEC's civilian
clients. He was most
recently the Deputy Chief Information Officer (CIO) for the Department
of Homeland Security (DHS).m. If using the Company's
website , click on Investor Relations - Florida Rock Industries, Inc.
Balance Sheet Data
(Amounts in thousands)
(Unaudited )

December 31, 2004 September 30, 2004

Cash and cash equivalents $ 13,440 45,891
Accounts receivable, net 106,793 107,000
Inventories 37,735 35,100
Other current assets 11,991 10,345
Property, plant and
equipment, net 533,826 520,959
Other non-current assets 216,404 215,634
------- -------

Total Assets $920,189 934,929
======= =======

Current liabilities $120,696 158,901
Long-term debt
(excluding current maturities ) 41,575 41,927
Deferred income taxes 79,714 79,181
Other non-current liabilities 34,222 34,040
Shareholders' equity 643,982 620,880
------- -------
Total Liabilities and
Shareholders' Equity $920,189 934,929
======= =======

FLORIDA ROCK INDUSTRIES, INC.

divided heatedly

73 per diluted share for the first quarter of
fiscal year 2004.
Selling, general and administrative expenses for the first quarter
of fiscal year 2005 increased to $22,638,000 from $22,218,000 in the
first quarter of fiscal year 2004.com/real/players/frk012605.73
Weighted average shares outstanding:
Basic 43,361 43,087
Diluted 44,313 43,955

FLORIDA ROCK INDUSTRIES, INC.

All discussion of Western Sahara is unavoidably and heatedly political.

africa oro

Emery has joined PEC's
Civilian Sector management team as Vice President of the Managed
Services Division. With this foundation, we are extremely pleased to have
Mark join us.
Consolidated total sales for the quarter increased 11. While revenues increased in all three segments, product sale
volumes increased only in the concrete segment with cement and
aggregate volumes declining year over year 1.
The first quarter of fiscal year 2005 total operating profit was
$46,947,000 compared to $49,517,000 ($12,932,000 of which were real
estate gains) in the first quarter of fiscal year 2004. Operating profit in the
aggregates segment declined from $31,387,000 to $18,825,000 with
$12,932,000 of the 2004 operating profit having come from the real
estate gains discussed above.S.com. Additional information regarding these and other risk
factors and uncertainties may be found in the Company's filings with
the Securities and Exchange Commission .
Summary of Consolidated Sales and Earnings
(Amounts in thousands except per share amounts)
(Unaudited)

FOR THE QUARTER ENDED DECEMBER 31

2004 2003
---- ----

Net Sales $245,340 220,308
Freight Revenues 5,588 5,084
------- -------
Total Sales 250,928 225,392
Gross Profit 69,539 58 ,803
Operating Profit 46,947 49,517
Interest Income/Expense (net ) (357) (339)
Other Income/Expense (net) 940 1,021
Income before taxes 47,530 50,199
Net Income $ 30,087 32,128
Earnings per common share:
Basic $ .

mi.

sq algeria

Business Editors

JACKSONVILLE, Fla. The concrete
segment showed the most significant year over year improvement with
operating profit of $21,457,000 this year versus $12,620,000 in the
first quarter of fiscal year 2004, a 70. In
the cement segment, improved pricing increased operating profit
margins from 21.2% in the first quarter of fiscal year 2004 to 23.

102 266

--- -Florida Rock
Industries, Inc. The cement
segment saw an operating profit improvement from $8,711 ,000 in the
first quarter of fiscal year 2004 to $10,729,000 in the first quarter
of fiscal year 2005, an improvement of 23.smil or via the
Company's website at http://www.
Florida Rock Industries , Inc.

102, 700 sq.

heatedly sq

The company applies its expertise in providing secure,
interoperable technology solutions for clients in homeland security,
criminal justice and intelligence, defense, and civilian agencies
within the federal government and at state and local levels.9% and 3.2%. Residential construction is still the strongest driver and it
remains vulnerable to any material increases in mortgage rates .
These include general business conditions, competitive factors,
political, economic, regulatory and weather conditions, pricing,
government spending levels on transportation projects, interest rate
changes, energy and transportation costs and technological
contingencies.

1976 700

Business Editors

FAIRFAX, Va. Emery brings more than 28 years of entrepreneurial, corporate,
and government experience in all aspects of information technology,
including voice, data, and wireless telecommunications .pec. Operating results for
the Company's business segments are as follows:

Three Months Ended
December 31

2004 2003
---- ----
Net Sales, excluding freight
Aggregates $ 71,397 69,990
Concrete products 157,613 135,026
Cement and calcium 44,952 41,005
Inter-segment sales (28,622) (25,713)
--------- ---------

Total Net Sales, excluding freight $245,340 220,308
========= =========
Operating Profit
Aggregates $ 18,825 31,387
Concrete products 21,457 12,620
Cement and calcium 10,729 8,711
Corporate overhead (4,064) (3,201)
--------- ---------

Total Operating profit $ 46,947 49,517
========= =========

700 unavoidably

Mr. PEC is
based in Fairfax County, Virginia, with offices around the United
States.flarock.

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Visit the company on the Web at www.68 per diluted share for the first quarter of fiscal year 2005
versus $32,128,000 or $. website at
http://www. All of the Company 's
operations are located in the southeastern and mid-Atlantic states and
each is managed separately along product lines.

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Conference Stream.

africa 700

Investors are cautioned that any statements in this press release
which relate to the future are, by their nature, subject to risks and
uncertainties that could cause actual results and events to differ
materially from those indicated in such forward -looking statements.

FLORIDA ROCK INDUSTRIES, INC.

morocco 1976

9%
in the first quarter of fiscal year 2005.T.

(266, 000
sq.

unavoidably 180

There will be a 30-40 minute delay until the
archive is available following the conclusion of the conference call.

Here's why:
West'ern Sahar'a n.

algeria 1976

Emery will leverage PEC's core strengths and competencies
as the company continues to grow its Civilian Sector organization. He has also held senior-level management
positions with the Transportation Security Administration and Bell
Atlantic. We have excellent customer
relationships, outstanding qualifications , and an opportunity-rich
marketplace.68 .

oro western

PEC's Civilian Sector President, Chris Bratiotis stated, "We are
building a very strong, customer-focused Civilian Sector leadership
team within PEC to help champion growth.

PEC, founded in 1985, is a high-end professional services firm
that helps government clients harness the power of advanced
technologies and effective management principles to improve mission
performance.0% improvement.
Higher volumes and improved pricing in the concrete segment
improved operating profit margins from 9.

1884 102

Former Homeland Security Deputy CIO Joins PEC Solutions Management Team

Mr.19 per diluted share.
Commenting on the quarter results, President and CEO John Baker
stated: "Once again in the first quarter of fiscal year 2005 we were
blessed with very favorable weather along with still resilient
residential construction and aggressive road building in our Florida
market.

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"

About PEC Solutions, Inc.3% to
$250,928,000 from $225,392 ,000 in the first quarter of fiscal year
2004.5% respectively.

102 unavoidably

Mr. He brings a solid understanding of our clients,
government operations, and advanced technologies. (NYSE:FRK) today announced net income of $30,087,000
or $. The first quarter of fiscal year 2004 included real
estate gains from the sale of the balance of the Company's Naples,
Florida closed quarry site which amounted to $8 ,273,000 of after tax
gain or $.75
Diluted $ .

1. Formerly , Spanish Sahara.

sahar africa

Mr.
on Wednesday, January 26, 2005.yourcall.

entirely divided

Emery holds a Master of Science from MIT and graduated
from the Wharton School of Business' Management Program.

Florida Rock Industries Inc. Announces First Quarter Results

"
OUTLOOK: For the near term, we remain optimistic about our
markets. Analysts, stockholders and other
interested parties may access the teleconference live by calling
1-888-682-4386 (security code FLORIDA ROCK), or via the Internet
through the Conference America, Inc.
Business Segments
(Amounts in thousands)
(Unaudited)

The Company has identified its business segments as Aggregates,
Concrete Products, Cement and Calcium Products.