Company Profile For Centex Corporation

Centex Corporation is a residential construction company whose principal operations are focused on residential construction and related activities, including mortgage financing to homebuyers. As of March 31, 2009, the Company's subsidiary companies operated in two principal lines of business: Home Building and Financial Services. Home Building's operations involve the purchase and development of land or lots, and the construction and sale of detached and attached single-family homes. Financial Services operations consist primarily of mortgage lending, title agency services and settlement services. These activities include mortgage origination and other related services for homes sold by the Company's subsidiaries and others.

BRIEF: For the six months ended 30 June 2009, Centex Corporation's revenues decreased 49% to $574M. Net income from continuing operations totaled $85.1M vs. a loss of $169.1M. Revenues reflect a decrease in sales from Home Building segment and lower income from Financial Services segment. Net income reflects a decrease in selling, general & administration expenses, a fall in losses from unconsolidated entities and lower cost of sales.