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                                                                    EXHIBIT 99.1


FOR FURTHER INFORMATION:                                            TRADED: NYSE
                                                                    SYMBOL:  ELK

Richard J. Rosebery, Vice Chairman
and Chief Financial Officer
(972) 851-0510

PRESS RELEASE
FOR IMMEDIATE RELEASE


                         ELCOR BOOSTS CASH DIVIDEND 16.7%;
                     ANNOUNCES NEW STOCK REPURCHASE PROGRAM


DALLAS, TEXAS, September 28, 1998 . . . . Elcor Corporation (NYSE: ELK)
announced that its Board of Directors today boosted the regular quarterly cash
dividend rate by 16.7% to $.07 per share from $.06 per share. The new $.07 per
share regular quarterly cash dividend will be payable November 10, 1998, to
shareholders of record October 15, 1998.

Elcor also announced that its Board of Directors today authorized the repurchase
of up to $10 million of its common stock from time to time in the open market in
accordance with SEC Rule 10b-18. Based on Elcor's current price on the New York
Stock Exchange, the repurchase could involve about 460,000 shares, or about 3.5%
of its 13,114,000 shares of common stock outstanding at the September 8, 1998
record date for its annual shareholders meeting.

Commenting on the Board's action, Harold K. Work, Elcor's Chairman, President
and Chief Executive Officer, said, "As we are moving forward to successfully
improve our strategic leadership positions in both the Roofing Products and
Industrial Products business segments, we are pleased to reward our shareholders
for their support. Our fiscal year ending June 30, 1998 performance reflects the
success of our efforts as net income rose 49% to $18.3 million, or $1.36 per
diluted share, from $12.3 million, or $.92 per diluted share, last year.
Further, we believe the investments we have made and are continuing to make
provide Elcor with the potential to more than double earnings over the next
three years and to continue strong growth in the new millennium," he concluded.



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Richard J. Rosebery, Elcor's Vice Chairman and Chief Financial Officer, said,
"In view of Elcor's strong financial position, favorable outlook, and current
stock price, we believe that repurchase of our shares represents an attractive
investment opportunity for the company. Repurchased shares will be used for
general corporate purposes, including employee stock compensation and benefit
plans.

"The increase in the cash dividend and the new authorization to repurchase stock
reflect the Board's confidence in the outlook for strong growth in sales and
earnings in the years ahead. Further, the repurchase of shares over a period of
time should improve earnings per share and return on shareholders' equity," he
concluded.

The current declaration represents the company's 75th quarterly cash dividend
paid on its common stock.

SAFE HARBOR PROVISIONS

In accordance with the safe harbor provisions of the securities law regarding
forward-looking statements, except for the historical information contained
herein, the above discussion contains forward-looking statements that involve
risks and uncertainties. Elcor's actual results could differ materially from
those discussed here. Factors that could cause or contribute to such differences
could include, but are not limited to, changes in demand, prices, raw material
costs, transportation costs, changes in economic conditions of the various
markets the company serves, changes in the amount and severity of inclement
weather, as well as the other risks detailed herein and in the company's reports
filed with the Securities and Exchange Commission, including, but not limited to
its Form 8-K dated September 28, 1998, and its Form 10-K for the year ended June
30, 1998.

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Elcor, through its subsidiaries, manufactures roofing products and industrial
products. Each of Elcor's principal operating subsidiaries is the leader or one
of the leaders within its particular market. Its common stock is listed on the
New York Stock Exchange (ticker symbol: ELK).

Elcor's roofing products facilities are located in Tuscaloosa, Alabama; Shafter,
California; Dallas and Ennis, Texas. Its industrial products facilities are
located in Cleveland, Ohio; Dallas, Lufkin, and Midland, Texas.