Dallas-based Centex (NYSE: CTX), founded in 1950, is one of the nation's leading home building companies. Centex operates in major U.S. markets in 25 states and delivered more than 35,000 homes in the United States in its most recent fiscal year ended March 31, 2007.
In addition to its home building operations, Centex's related business lines include mortgage, title and insurance services and integrated pest defense systems. These businesses provide operational or financial support to the company's home building operations and are leaders in their respective industries. Centex ranks No. 1 in its industry on FORTUNE magazine's list of "America's Most Admired Companies."
For the first quarter of fiscal year 2008 ended June 30, 2007, the company reported the following results: revenues for the quarter of $1.94 billion and a net less of nearly $128 million, or $1.05 per diluted share.
For fiscal year 2007, Centex reported revenues of $12 billion, and net earnings of $268 million, or $2.23 per diluted share.
HOME BUILDING
Centex's Home Building operation consistently ranks among the largest multi-market, single-family home builders in the United States. Centex is the only company to rank among the Top 10 U.S. home builders for more than 40 consecutive years, according to Professional Builder magazine.
MORTGAGE, TITLE AND INSURANCE
CTX Mortgage
CTX Mortgage Company, one of the nation's largest retail mortgage originators, has more than 200 offices and is licensed to do business in 46 states and the District of Columbia. CTX Mortgage offers FHA/VA, conventional, conforming, jumbo and specialty loans. CTX Mortgage originated almost $14 billion of loans in fiscal 2007.
Centex Title and Insurance
Centex's Title and Insurance operations provide nationwide residential and commercial title insurance and settlement services, including low-cost property reports and appraisal products. Centex Insurance offers homeowners’ insurance to more than 100,000 customers nationwide and also offers life, auto, boat, commercial, home warranty and umbrella policies.
HOME SERVICES
HomeTeam Pest Defense
HomeTeam Pest Defense is the nation's largest pest management company serving new home builders. In addition to conventional pest control and termite treatment services, HomeTeam offers the innovative TaexxTM built-in pest control system which is installed during new home construction.
