8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):
July 27, 2005

Centex Corporation

(Exact name of registrant as specified in its charter)

Nevada (State or other jurisdiction of incorporation)	1-6776 (Commission File Number)	75-0778259 (IRS Employer Identification No.)
2728 N. Harwood Street, Dallas, Texas		75201
(Address of principal executive offices)		(Zip code)

Registrant’s telephone number including area code: (214) 981-5000

Not Applicable
(Former name or former address if changed from last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o       Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o       Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o       Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o       Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

TABLE OF CONTENTS

	Item 2.02. Results of Operations and Financial Condition.
	Item 7.01. Regulation FD Disclosure.
	Item 9.01. Financial Statements and Exhibits.
SIGNATURES
EXHIBIT INDEX
Press Release

Item 2.02. Results of Operations and Financial Condition.

On July 26, 2005, Centex Corporation, a Nevada corporation (the “Corporation”), issued a press release (the “Press Release”) announcing its results of operations for the quarter ended June 30, 2005, which Press Release was furnished in a current report on Form 8-K submitted by the Corporation on the same date. As previously announced, senior management of the Corporation held a conference call on July 27, 2005 at 10 a.m. Eastern time (9 a.m., Central time) to discuss, among other things, the results of operations of the Corporation for such period. A copy of the materials provided to investors in the form of a webcast in connection with this conference call is being furnished as Exhibit 99.1 hereto. The information contained in such exhibit is incorporated by reference in this Item 2.02, but shall not be deemed filed for any purpose under the Securities Exchange Act of 1934.

Item 7.01. Regulation FD Disclosure.

On July 27, 2005, senior management of Centex Corporation, a Nevada corporation (the “Corporation”), held a conference call to discuss the results of operations of the Corporation for the quarter ended June 30, 2005, other information, and increased earnings per share guidance for the fiscal year ending March 31, 2006. A copy of the materials provided to investors in the form of a webcast in connection with this conference call is being furnished as Exhibit 99.1 hereto. Pages 7 through 9 of the information contained in such exhibit are incorporated by reference in this Item 7.01, but shall not be deemed filed for any purpose under the Securities Exchange Act of 1934.

Item 9.01. Financial Statements and Exhibits.

(c) Exhibits

Exhibit	Number Description
99.1	Investor materials furnished in connection with the conference call held on July 27, 2005.

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CENTEX CORPORATION
By:	/s/ James R. Peacock III Name: James R. Peacock III Title:   Vice President, Deputy General Counsel and             Secretary

Date: July 27, 2005

EXHIBIT INDEX

Exhibit
Number	Description
99.1	Investor materials furnished in connection with the conference call held on July 27, 2005.

EX-99.1 2 d27301exv99w1.htm PRESS RELEASE

Exhibit 99.1

First Quarter Fiscal Year 2006 Earnings Release and Conference Call July 27, 2005

Forward-Looking Statements This presentation contains forward-looking statements which can be identified by the context of the statement and generally arise when Centex is discussing its beliefs, estimates or expectations. Such statements include projections, forecasts, and plans and objectives of management for future operations and operating and financial performance, as well as any related assumptions. These statements are not historical facts or guarantees of future performance but instead represent only Centex's belief at the time the statements were made regarding future events, which are subject to significant risks, uncertainties and other factors, many of which are outside of Centex's control. Actual results and outcomes may differ materially from what is expressed or forecast in such forward-looking statements. These risks and uncertainties are described in greater detail in Centex's most recent Annual Report on Form 10^K for the fiscal year ended March 31, 2005 (including under the captions "Business" and "Management's Discussion and Analysis of Financial Condition and Results of Operations"), as well as recent Current Reports on Form 8-K, which are on file with the SEC and may be obtained free of charge through the website maintained by the SEC at http://www.sec.gov. All forward-looking statements made in this presentation are made as of the date hereof, and the risk that actual results will differ materially from expectations expressed in this presentation will increase with the passage of time. Centex makes no commitment, and disclaims any duty, to update or revise any forward-looking statement to reflect future events or changes in Centex's expectations.

An Enhanced Outlook Positive domestic homebuilding trends 52% operating earnings growth in the first quarter 15% sales (orders) and 31% dollar backlog growth Macro conditions remain positive Pricing power and job growth in virtually all markets Industry leadership Relative local market scale is important

Domestic Home Building Highlights First Quarter Fiscal 2006 Revenues increased 26% Closings grew 12% to 8,235 Average sales price grew 13% to $286,354 Operating earnings grew 52% Gross housing margin up 170bp to 29% Operating margin grew 240bp to 14% Backlog Sales (Orders) grew 15% to 10,419 Units increased 22% to 20,773 Dollar value grew 31% to $6.58 billion

Mid-Atlantic 2,010 +36% 1,545 +19% Southeast 1,835 -5% 1,453 +11% Midwest 1,635 +4% 1,565 +3% Southwest 3,013 +29% 2,188 +10% West Coast 1,926 +12% 1,484 +18% Total 10,419 +15% 8,235 +12% Domestic Home Building First Quarter Sales and Closings Sales % Chg Closings % Chg For the Quarter Ended June 30, 2005

Complementary Business Highlights First Quarter Fiscal 2006 CTX Mortgage Centex builder originations increased 12% Capture rate up 200bp to 75% Centex Home Equity Interest-earning servicing portfolio grew 19% Operating earnings increased 8% Centex Construction Services Backlog increased 43% to $2.35 billion

Supplementary Information Share repurchase 750,000 repurchased at average price of $68.38 per share Approximately 2 million shares remain under current authorization Intend to repurchase shares in the second quarter Fairclough (U.K. Homebuilding) Encouraged by expressions of interest Board is considering alternatives and uses of potential proceeds including additional share repurchases and reinvestment in domestic homebuilding

Centex Homes Outlook FY03 FY04 FY05 FY06P Closings 26427 30358 33387 38000 0 0 1000 FY03 FY04 FY05 FY06P Closings 631 966 1379 1800 0 0 50 % CHG +15% +10% +15% % CHG +53% +43% +32% Operating Earnings ($ Millions) 30,358 33,387 Closings $966 $1,379 39,000 $1,850

Increased Guidance Earnings per Diluted Share Estimates FY06E FY05 1Q - 6/30 $1.74 $1.35 2Q - 9/30 $2.00 - $2.05 $1.61 3Q - 12/31 $2.35 - $2.45 $1.91 4Q - 3/31 $3.01 - $3.11 $2.75 $9.10 - $9.35 $7.64

Question & Answer Thank you for participating in today's conference call webcast. An archive of this webcast will be available at http://www.centex.com later today.

EX-99.1

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