Mr. DeFosset: Walter Industries is a 1.9 billion company in five different industries, including homes, pipe, natural resources and some other related products. The company was founded in 1946 by an entrepreneur named Jim Walter. The company is publicly traded on the New York Stock Exchange with the ticker WLT.
TWST: Which of your businesses is most important at the present
time?
Mr. DeFosset: We have focused our future on two core business
activities. First, we are focusing on the home building industry,
where we build about 4,500 homes a year, and a mortgage business
associated with those home building activities. Our second core
business is the pipe business. We have a large presence in the
cast iron ductile pipe market for the water industry,
specifically clean water, where we are the market share leader.
Tickers included in this excerpt: WLT
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