8-K

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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 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) April 20, 2005

                             WALTER INDUSTRIES, INC.
             (Exact name of registrant as specified in its charter)

             Delaware                      001-13711             13-3429953
  (State or other jurisdiction of        (Commission            (IRS Employer
  incorporation or organization)         File Number)        Identification No.)

4211 W. Boy Scout Boulevard, Tampa, Florida                          33607
  (Address of principal executive offices)                        (Zip Code)

       Registrant's telephone number, including area code: (813) 871-4811

                                 NOT APPLICABLE
          (Former name or former address, if changed since 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:

[ ]  Written communications pursuant to Rule 425 under the Securities Act
     (17 CFR 230.425)
[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act
     (17 CFR 240.14a-12)
[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))
[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13-4(c))

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ITEM 8.01   OTHER EVENTS

On April 20, 2005, Walter Industries, Inc., issued a press release, attached
hereto and incorporated herein by reference, announcing that Larry Comegys,
President, Jim Walter Homes, Inc., is leaving effective April 20, 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.

                                     WALTER INDUSTRIES, INC.


                                     By:     /s/ Victor Patrick
                                             -----------------------------------
                                     Title:  Victor P. Patrick
                                             Sr. Vice President, General Counsel
                                             and Secretary

Date:  April 20, 2005



EXHIBIT INDEX

(99.1)  Press release dated:    April 20, 2005, Walter Industries Announces
                                Larry Comegys Leaving Jim Walter Homes

EX-99.1

                                                                    Exhibit 99.1

       WALTER INDUSTRIES ANNOUNCES LARRY COMEGYS LEAVING JIM WALTER HOMES

TAMPA, Fla., April 20 /PRNewswire-FirstCall/ -- Walter Industries, Inc.
(NYSE: WLT) today announced that Jim Walter Homes (JWH) President Larry
Comegys is leaving the company to pursue other interests, effective
immediately.

Comegys, who was named President of Jim Walter Homes in January 2004, was
responsible for leading turnaround efforts, including remodeling many of JWH's
home parks, closing unprofitable locations and upgrading and expanding the
product line.

Comegys came to Jim Walter Homes after serving as Florida Region President for
Pulte Homes from 1997 to 2001, where he also served as West Division President.
Larry also has worked for several other homebuilders, including WCI Communities
and UDC Homes.

"We thank Larry for his efforts and his contributions to Jim Walter Homes since
joining the Company in 2004 and wish him well in his future endeavors," said
Walter Industries Chairman and CEO Don DeFosset. "The management team remains
dedicated to restoring profitability at JWH by the fourth quarter of this year."

Walter Industries Senior Vice President and Controller Charles Cauthen, who has
served as executive vice president - operations of Jim Walter Homes since
February 2005, will serve as interim president until a successor is named.

Walter Industries, Inc. is a diversified company with annual revenues of
$1.5 billion. The Company is a leader in affordable homebuilding,
related financing, and water transmission products, and is a significant
producer of high-quality metallurgical coal for worldwide markets. Based
in Tampa, Fla., the Company employs approximately 5,000 people. For more
information about Walter Industries, please call Joe Troy, Senior Vice
President - Financial Services at (813) 871-4404, or visit the Company
Web site at http://www.walterind.com .



Safe Harbor Statement

Except for historical information contained herein, the statements in this
release are forward-looking and made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. Forward-looking statements
involve known and unknown risks and uncertainties that may cause the Company's
actual results in future periods to differ materially from forecasted results.
Those risks include, among others, changes in customers' demand for the
Company's products, changes in raw material, labor, equipment and transportation
costs and availability, geologic and weather conditions, changes in extraction
costs and pricing in the Company's mining operations, changes in customer
orders, pricing actions by the Company's competitors, the collection of
approximately $14 million of receivables associated with a working capital
adjustment arising from the sale of a subsidiary in 2003, potential changes in
the mortgage-backed capital market, and general changes in economic conditions.
Risks associated with forward-looking statements are more fully described in the
Company's filings with the Securities and Exchange Commission. The Company
assumes no duty to update its outlook statements as of any future date.

SOURCE  Walter Industries, Inc.
    -0-                             04/20/2005
    /CONTACT:  Joe Troy, Senior Vice President - Financial Services, Walter
Industries, Inc., +1-813-871-4404/
    /Photo:  http://www.newscom.com/cgi-bin/prnh/20020429/FLM010LOGO-c
              AP Archive:  http://photoarchive.ap.org
              PRN Photo Desk, photodesk@prnewswire.com /
    /Web site:  http://www.walterind.com /