Home | At a Glance
Senior Mangagement Team

Mark O’Brien
Chairman and CEO, Homes Business

Bill Ohrt,
Executive Vice President, Chief Financial Officer

Charles Cauthen,
President, Jim Walter Homes

Miles Dearden,
Senior Vice President, Treasurer

Thomas Fish,
President, Anvil International, LLC

Lisa Honnold,
Senior Vice President, Controller

Vic Patrick,
Senior Vice President, General Counsel and Secretary

George Richmond,
Chief Executive Officer, Jim Walter Resources

Dale Smith,
Chief Operating Officer, Mueller Water Products, Inc.

Chuck Stewart,
President, Sloss Industries

Ray Torok,
President, U.S. Pipe

Joe Troy,
Senior Vice President, Walter Industries, Inc.; President Financial Services Group

Larry Williams,
Senior Vice President, Human Resources

AT A GLANCE

Headquarters: Tampa, Fla.
Address: 4211 W. Boy Scout Blvd., Tampa, FL 33607
(813) 871-4811
www.walterind.com

Founded: 1946
Chairman, President & CEO: Gregory E. Hyland
2005 Revenues: $2.1 billion
2005 Operating Income: $83.7 million*

Employees: 10,103**
Net recourse debt/book capitalization: 87.6%**

2005 HIGHLIGHTS

Gregory E. Hyland named Chairman, President & CEO.

Acquired Mueller Water Products for approximately $2.0 billion and subsequently announced our transformation and value-creation plan to conduct an initial public offering and spin-off of Mueller Water, along with U.S. Pipe, to create a new, publicly traded Water Products company.

Jim Walter Resources posted record profitability for the second consecutive year.

Approved a $19.6 million investment in the Kodiak Mining joint venture project, adding 2.1 million tons of incremental coal reserves.

Increased market capitalization from $1.25 billion in 2004 to nearly $1.94 billion at the end of 2005.

*Includes pretax acquisition-related charges of $64.3 million, plant closure costs of $40.0 million and write-off of Homebuilding goodwill of $63.2 million. Excluding these charges, 2005 operating income totalled $251.2 million.

**As of 12/31/05


Our Vision

Walter Industries, Inc.’s businesses are diversified, yet unified, in their goals of providing quality products and services that exceed their customers’ expectations, increasing shareholder value and creating an environment where employees thrive and grow.

Core Values

  • Accountability — We take responsibility for our behavior and the results that stem from that behavior.
  • Customer Commitment — We make customers our first priority. We measure our success by how we meet their expectations.
  • Fleet of Foot — We are quick and agile in response to the ever-changing business environment.
  • High-Performance Culture — We embrace opportunities to change and continuously improve. We are results-driven.
  • Innovation — We think “outside the box” to find new, creative opportunities.
  • Integrity — We are honest and ethical in all that we do.
  • Respect for Others — We treat people with the respect each of us would want.
  • Safety — We value the health and safety of our co-workers, their families, our customers, suppliers, guests and the communities in which we live and operate.
  • Teamwork — We work together to create the best results. We share responsibility for the team’s success.