Mr. Hirsch: Centex is the most diversified housing and housing services company in the United States. We're one of the largest conventional home builders in the United States. We also have a manufactured housing division. We have an international housing presence, primarily in the United Kingdom and Mexico. We operate a diversified financial services division that issues conventional mortgages as well as sub-prime mortgages, and provides title and insurance services. We have a home services division that provides pest control, chemical lawn care and security monitoring services. In addition, we own 65% of a publicly- traded construction products company, Centex Construction Products, which trades under the symbol CXP on the New York Stock Exchange. Finally, we have an investment real estate and a contracting and construction services division. Our construction services division is one of the largest commercial contractors in the United States. Last year, our total revenues were approximately 6 billion and net earnings were 257 million. I have been with Centex for approximately 15 years. I joined the company as President in 1985, and since 1991 have served as Chairman and Chief Executive Officer.
TWST: When you look at those integrated elements, can you give us an
idea where growth opportunities exist for your company today?
Mr. Hirsch: We look at our conventional housing company as still the
main driver of Centex. This year, we will produce and deliver
approximately 20,500 homes, up from approximately 18,400 homes last
year. As we look into our next fiscal year, beginning April 1, 2001, we
see continued growth. We also see the international housing market, the
financial services markets and the home services markets as key drivers
of our future.
Tickers included in this excerpt: CTX
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