Centex Corporation
Industry: Construction Services

Through its subsidiaries, Dallas-based Centex ranks among the nation's largest home builders, non-bank-affiliated retail mortgage originators and commercial contractors. The Company also has operations in investment real estate and owns approximately 65% of Centex Construction Products, Inc., a publicly held construction products company.

Business Summary
Centex Corporation is a residential construction company, whose principal operations is focused on residential and commercial construction, and related activities, including mortgage financing. During the fiscal year ended March 31, 2005, the Company's subsidiaries operated in three principal business segments: Home Building, Financial Services and Construction Services. Its conventional homebuilding subsidiary, Centex Homes, purchases and develops land or lots, and constructs and sells single-family homes, including resort and second home properties, and lots. The Financial Services operations consist primarily of home financing, sub-prime home equity lending and the sale of title insurance, and other insurance coverages, including property and casualty. The Construction Services segment provides a range of commercial contracting services, including construction management, general contracting, design-build and pre-construction services.

Financial Summary
CTX operates in five principal business segments: Home Building, Financial Services, Construction Products, Construction Services and Investment Real Estate. For the 3 months ended 6/30/05, revenues rose 16% to $3.22B. Net income increased 32% to $233.7M. Revenues reflect increased conventional home sale closings and higher average sales prices. Net income also reflects a decrease in interest expense.