Walter Industries joins prestigious index Jul 3, 2008
The addition of Walter Industries (NYSE: WLT) to the Russell 1000 shows the strength of metallurgical coal prices and the market's confidence in the company's expansion plans for its natural resources business, Chairman Michael T. Tokarz said in a statement ... Walter Industries, based in Tampa, has annual revenues of about $1. (Tampa Bay Business Journal, FL)
Walter Industries Announces Its Addition to Russell 1000 Index Jul 2, 2008
Walter Industries logo. (PRNewsFoto/WALTER INDUSTRIES, INC.) TAMPA, FL UNITED STATES ... July 1 /PRNewswire-FirstCall/ -- Walter Industries, Inc. (NYSE: ), one of the world's leading producers and exporters of metallurgical coal, announced today that it was added to the U.S. large-cap Russell 1000 Index after the equity markets closed on June 27 as Russell Investments reconstituted its comprehensive family of global indexes. (PR Newswire)
Don DeFosset Joins EnPro Industries Board of Directors Jun 11, 2008
(Logo: ) DeFosset is the former chairman, president and chief executive officer of Walter Industries, Inc., a diversified company involved in water infrastructure, flow control, water transmission products, metallurgical coal and natural gas, and homebuilding. He is a director of Regions Financial Corporation, AmSouth Bancorporation, Terex Corporation and James Hardie Industries. (PR Newswire)
Walter Industries makes public offering Jun 11, 2008
Walter Industries is a producer and exporter of metallurgical coal and also produces steam coal, coal bed methane gas, furnace and foundry coke as well as related products. The company also operates a mortgage financing and homebuilding business. (Tampa Bay Business Journal, FL)
Global industrialization boosts corporate giants Jun 2, 2008
The industrialization of China and India, where infrastructure build-out boosts demand for steel, also benefits companies that produce coal, such as Walter Industries (NYSE: WLT), Morgan said. Prices have tripled in the past year for Walter's metallurgical coal, used in the production of steel. (Tampa Bay Business Journal, FL)
More Funds That Are Worth Their Weighty Loads May 17, 2008
Sign up now for FREESmartMoney. com Newsletters Enter your email address below. (SmartMoney)
7 Must-Read Stock Blogs May 13, 2008
Adding Walter IndustriesTo threaten me around Christmastime when I was young, my parents would say, "Clean up your act or Santa will leave you a stocking full of coal." Today, I'd probably respond, "Bring it on!" The price for coal, particularly the metallurgical type used in steel making, has been soaring ... In the process, companies like Walter Industries (NYSE: WLT) have been signing contracts to sell their coal at impressively high prices. (MSNBC -- Business)
Walter Industries, Inc. Announces Next Steps in Separation Strategy; Recent Bank Financing Actions May 2, 2008
Walter Industries logo. (PRNewsFoto/WALTER INDUSTRIES, INC.) TAMPA, FL UNITED STATES ... May 1 /PRNewswire-FirstCall/ -- Walter Industries, Inc. (NYSE: ) announced today several critical steps toward the planned separation of the Company's Financing and Homebuilding businesses from its core Natural Resources businesses. (PR Newswire)
Walter Industries, Inc. Announces First Quarter 2008 Results and Recent Metallurgical Coal Contract Pricing in Excess of $315 Per Metric Ton May 2, 2008
Walter Industries logo. (PRNewsFoto/WALTER INDUSTRIES, INC.) TAMPA, FL UNITED STATES ... May 1 /PRNewswire-FirstCall/ -- Walter Industries, Inc. (NYSE: ) today reported income from continuing operations of $0. (PR Newswire)
EnPro Industries and Steel Partners Agree to Settle Election Contest Apr 12, 2008
(Logo: ) Under the terms of the agreement, EnPro's board of directors has approved the expansion of the board to nine members from eight and the addition of Don DeFosset, the former chairman, president and chief executive officer of Walter Industries, Inc., to the board following the company's 2008 annual meeting. EnPro also has agreed to submit for shareholder approval at the meeting an amendment to the company's charter that would repeal the charter's classified board provision. (PR Newswire)
How the IRS Makes You a Better Investor Apr 9, 2008
For instance, I bought shares of Walter Industries (NYSE: WLT) because of its wonderful collection of businesses, including its 2006 spin-off of Mueller Water Products (NYSE: MWA). But I sold them soon thereafter when the stock didn't perform as I'd thought it would. (MSNBC -- Business)
Walter Industries restructures, closes offices Feb 21, 2008
Members: Not Registered. for free extra services. (Orlando Business Journal)
Walter Industries, Inc. Announces Restructuring of Financing and Homebuilding Business; Management Changes Feb 20, 2008
Walter Industries logo. (PRNewsFoto/WALTER INDUSTRIES, INC.) TAMPA, FL UNITED STATES ... - America's Largest Builder of Single-Family, 'On Your Lot' Homes to Close Nearly Half its Branches - - Estimated Restructuring Charge of $6 - $8 Million - - Walter Industries Implements Management Changes to Drive Financing and Homebuilding Separation - TAMPA, Fla. (PR Newswire)
Walter Industries, Inc. Announces Fourth Quarter and Full-Year 2007 Results Feb 20, 2008
Walter Industries logo. (PRNewsFoto/WALTER INDUSTRIES, INC.) TAMPA, FL UNITED STATES ... Feb. 19 /PRNewswire-FirstCall/ -- Walter Industries, Inc. (NYSE: ) today reported net income from continuing operations of $40. (PR Newswire)
Walter Industries, Inc. Board Declares Quarterly Dividend Jan 11, 2008
Walter Industries logo. (PRNewsFoto/WALTER INDUSTRIES, INC.) TAMPA, FL UNITED STATES ... Jan. 10 /PRNewswire-FirstCall/ -- Walter Industries, Inc. (NYSE: ) announced today that its Board of Directors has declared a regular quarterly dividend of $0. (PR Newswire)
Moody's downgrades Walter Industries Dec 1, 2007
The downgrade was prompted by an anticipated decline in the cash flow contribution from Tampa-based Walter Industries' (NYSE: WLT) home mortgage finance business and the increased reliance on its coal mining business, which is volatile, according to the release. Moody's outlined what it termed "plausible scenarios" it considered when issuing the downgrade, including the possibility that might not be able to complete a securitization of newly originated subprime mortgage assets within the next... (Tampa Bay Business Journal, FL)
Mueller Water Products Reports Fiscal Fourth Quarter and Full Year 2007 Results Nov 6, 2007
1) $- On October 3, 2005, the Company's former parent, Walter Industries, purchased all the outstanding common stock of Predecessor Mueller ... 6 Subsequent to the acquisition, Walter Industries forgave an intercompany receivable from U.S. Pipe of $443. (PR Newswire)
Inspected Fireplug Useless In Blaze Aug 9, 2007
" Down the street, a county crew had started to do just that by replacing the fireplug that didn't offer up a drop of water Tuesday afternoon when firefighters tried to tap the line. They wanted more water to fight the lightning-sparked fire at Licea's home, 16216 Bonneville Drive. They had to resort to another hydrant a football field away. Fire officials said it wouldn't have made any difference. When firefighters got there, the four-bedroom, 2,633-square-foot house that was home to the Licea... (Tampa Bay Online, FL -- News)
Stocks to Watch Aug 3, 2007
Walter Industries Inc.'s () second-quarter net income dropped 72 percent to $18. 1 million, or 34 cents a share, from $64 million, or $1. (Fox News)
Walter Industries shifts focus to lure first-time home buyers Aug 1, 2007
TAMPA -- Don't tell Joe Troy that Walter Industries Inc. has been lucky ... is Walter Industries Inc.'s original business ... On Aug. 9, Walter Industries Inc. established a new mortgage lending operation, , based in Fort Worth, Texas. (Tampa Bay Business Journal, FL)
Walter Industries, Inc. Invites You to Join Its Second Quarter 2007 Earnings Conference Call on the Web Jul 20, 2007
Walter Industries logo ... July 19 /PRNewswire-FirstCall/ -- In conjunction with the release of Walter Industries' (NYSE: ) second quarter 2007 earnings results to be released after market-close on Aug. 2, 2007, you are invited to join its conference call to be broadcast live over the Internet on Friday, Aug. 3, 2007 at 10 a.m. EDT. What: Walter Industries Second Quarter 2007 Earnings When: Friday, Aug. 3, 2007 at 10 a.m. EDT Where: How: Live over the Internet -- Simply log on to the web at the... (PR Newswire)
Walter mortgage division gets S&P nod Jul 5, 2007
The S&P listing coupled with the Fitch rating is a validation of the effectiveness of the Walter program, Mark O'Brien, chief executive of Walter Industries' financing and homebuilding business, said in the release ... Walter Industries (NYSE: WLT), based in Tampa, has interested in coal production in addition to its mortgage financing and affordable homebuilding businesses. (Tampa Bay Business Journal, FL)
Walter Industries, Inc., Mueller Water Products, Inc. and Conseco, Inc. Congratulate Michael T. Tokarz on Being Selected to 2007 'Outstanding Directors' List Jul 3, 2007
(PRNewsFoto/Walter Industries, Inc.) TAMPA, FL UNITED STATES. Walter Industries logo ... July 2 /PRNewswire-FirstCall/ -- Walter Industries, Inc. (NYSE: ), Mueller Water Products, Inc. (NYSE: MWA.B, MWA) and Conseco, Inc. (NYSE: ) announced today that Michael T. Tokarz, chairman of Walter Industries and board member of Mueller Water Products and Conseco has been selected to the Outstanding Directors Exchange (ODX) 2007 Outstanding Directors List. (PR Newswire)
Walter Mortgage Servicing Added to Standard & Poor's Select Servicer List Jul 3, 2007
Walter Industries logo ... July 2 /PRNewswire-FirstCall/ -- Walter Industries, Inc. (NYSE: ) announced today that the mortgage servicing arm of Walter Mortgage Company, an indirect, wholly-owned subsidiary, has been added to Standard s (Sect Servicer List ... "We believe this listing, coupled with the recent rating received from Fitch Ratings, is further validation of the effectiveness of our direct contact servicing program. This business model has allowed us to improve our portfolio's... (PR Newswire)
Mueller Water Products Reports Revenue and Operating Income Growth in Second Quarter Of Fiscal 2007 May 2, 2007
0 million of related party charges that Walter Industries allocated to the U.S. Pipe segment. Subsequent to the spin from Walter Industries in December 2006, these services are performed by Mueller Water Products and are currently expensed in the Corporate segment ... 1 Schedule of non-cash investing and financing activities: On October 3, 2005, the Company's former parent, Walter Industries, purchased all the outstanding common stock of Predecessor Mueller. (PR Newswire)
Fitch rates Walter Industries' mortgage portfolio Apr 5, 2007
Walter Industries (NYSE: WLT), based in Tampa, has interested in coal production in addition to its mortgage financing and affordable homebuilding businesses. Related Industry stories. (Tampa Bay Business Journal, FL)
Don's done it better before Apr 3, 2007
DeFosset is a former boss of Walter Industries which had an asbestos subsidiary Celotex that went bust in the early '90s ... In 1994 a US Bankruptcy Court ruled asbestos claimants could not pierce the "corporate veil" separating Walter Industries from its subsidiaries, so Walter Industries wasn't liable for the asbestos claims ... The case was settled with Walter Industries putting $US375 million ($461 million) into a trust fund for claimants and, fully protected from future asbestos litigation,... (Sydney Morning Herald -- Business)
American takes the helm at troubled James Hardie Apr 3, 2007
The former home-building company Mr DeFosset headed in the US from 2000, Walter Industries, filed for bankruptcy in 1989 after one of its subsidiaries - the former fibre board maker Celotex - faced a damages suit from asbestos victims. Walter was refloated by its private equity owner KKR in 1996 after it settled a claim by asbestos sufferers by putting $US375 million in a trust. (Sydney Morning Herald -- Business)
Dig This Coal Miner Apr 3, 2007
MINING IS DANGEROUS business, but investors won't have to dig deeply to find the beauty in Walter Industries (), a small coal and natural-gas producer based in Tampa, Fla. Shares of Walter, which also has home-building and financing operations, have fallen 30% since hitting a 52-week high of 36 last April. (SmartMoney)
Hardie scrubs up for US Apr 3, 2007
Mr DeFosset was for many years chairman, president and chief executive of Walter Industries, a diversified company engaged in water infrastructure, metallurgical coal and home finance, based on Boy Scout Boulevard in Tampa, Florida ... He applied to Governor Jeb Bush for appointment to the Tampa Port Authority board soon after his retirement from Walter Industries, listing three prominent local Republicans as references: Al Austin, finance chairman of the Republican Party of Florida, former... (The Australian)
Hardie appoints new chairman Apr 2, 2007
Mr DeFosset has been on the company's board since December last year and is the former chair and chief executive of Walter Industries Inc.. Mr DeFosset also served in executive positions at other companies, including AlliedSignal and Rockwell International. (Sydney Morning Herald -- Business)
Mueller Water Products predicts flowing demand Mar 23, 2007
93 billion in sales last year, Mueller was spun off in 2006 from Walter Industries, a Tampa conglomerate ... Twenty-five percent of Mueller's shares were from a stock offering in May 2006, with the rest distributed on Dec. 14, 2006, in its spinoff from Walter Industries. (Atlanta Journal-Constitution -- Business)
Walter director steps down Mar 22, 2007
Walter Industries (NYSE: WLT), based in Tampa, has divisions focused on coal production, home building and finance. Related Industry stories. (Tampa Bay Business Journal, FL)
Jim Walter Resources Joins National Greenhouse Emissions Registry Mar 16, 2007
Walter Industries logo ... March 15 /PRNewswire-FirstCall/ -- Walter Industries, Inc. (NYSE: ) announced today that its wholly-owned subsidiary, Jim Walter Resources, Inc. has joined the Chicago Climate Exchange (CCX), the world's first and North America's only voluntary, legally binding greenhouse emissions reduction, registry and trading program ... "We are turning methane gas into an energy source instead of allowing it to escape into the atmosphere. We are pleased to become a member of the... (PR Newswire)
Breakup Saddens Property Tax Panel Feb 9, 2007
" The committee chairman, former Walter Industries Chief Executive Officer Don DeFosset, said he suspected this could happen when Crist's office canceled a Jan. 29 meeting the committee had scheduled before Crist's inauguration. "I think we had a pretty good foreshadowing this was possible," said DeFosset, who received word Wednesday when he checked his e-mail while on a business trip in Amsterdam, Netherlands. "I guess I feel we never finished our work, but I don't think you'll ever finish your... (Tampa Bay Online, FL -- News)
Walter Industries passes along bonuses Feb 8, 2007
Certain Walter Industries executives raked in some hefty incentive awards, according to the latest Securities and Exchange Commission filings. The annual incentive plan authorized the bonuses for key employees. (Tampa Bay Business Journal, FL)
Mutiny at Pirate Capital roils Hudson after worst year ever Feb 5, 2007
9 billion takeover of NRG Energy by Mirant; prompted the coal and homebuilding company, Walter Industries, to spin off a unit for $400 million; and driven Cornell, which runs prisons, to a takeover. Only now, the winds have changed. (International Herald Tribune -- Business Asia)
Mutiny at Pirate Capital Roils Hudson After Hedge Fund's Worst Year Ever Feb 3, 2007
9 billion takeover of Princeton, New Jersey-based NRG Energy Inc. by Atlanta-based Mirant Corp.; prompted Tampa, Florida-based coal and homebuilding company Walter Industries Inc. to spin off a unit for $400 million; and driven Houston-based Cornell Cos ... 05 percent as falling coal prices sent Walter Industries, Pirate's third-largest holding, tumbling 22. (Bloomberg)
Mine Sweeper Jan 17, 2007
Walter Industries CEO Digs Bargain-Priced Shares ... Walter Industries CEO Digs Bargain-Priced Shares ... Now might seem like an odd time for a coal investment, considering the glut, but Gregory Highland, chief executive of coal miner Walter Industries (), spent nearly a quarter million dollars of his own money on his company's shares in December. (SmartMoney)
