engages in the homebuilding, financing, industrial products, natural resources, and other businesses.
Its Homebuilding segment offers detached, single-family residential homes, primarily in the southern United States, as well as provides mortgage financing on a portion of the homes sold.
The company’s Financing segment offers financing to the homebuyers that is secured by first mortgages and liens, as well as originates mortgage loans by purchasing them from other homebuilders and third parties.
Walter Industries’ Industrial Products segment manufactures and sells a line of ductile iron pressure pipe, fittings, valves, hydrants, and other cast iron products.
Its Natural Resources segment comprises coal mining and methane gas operations.
This segment mines and sells coal from three underground mines in Alabama, and extracts and sells natural gas from the coal seams owned or leased by the company.
In addition, Walter Industries manufactures and distributes furnace and foundry coke to the steel industry, as well as to the ductile iron foundries.
This segment also manufactures specialty chemicals and slag fiber.
The company was founded in 1946 and is headquartered in Tampa, Florida.
