-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, AO2h4Z/HjZ/4EByCvStogBNZC/2ugRAPuUSMKOP8E8uL32Namd3CjHaMG/+ol09z sHJbNwOIqXgVoHjYJJgnXA== 0001275287-05-001981.txt : 20050518 0001275287-05-001981.hdr.sgml : 20050518 20050518101725 ACCESSION NUMBER: 0001275287-05-001981 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050518 ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20050518 DATE AS OF CHANGE: 20050518 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WALTER INDUSTRIES INC /NEW/ CENTRAL INDEX KEY: 0000837173 STANDARD INDUSTRIAL CLASSIFICATION: GEN BUILDING CONTRACTORS - RESIDENTIAL BUILDINGS [1520] IRS NUMBER: 133429953 STATE OF INCORPORATION: DE FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13711 FILM NUMBER: 05840362 BUSINESS ADDRESS: STREET 1: 1500 N DALE MABRY HWY CITY: TAMPA STATE: FL ZIP: 33607 BUSINESS PHONE: 8138714811 MAIL ADDRESS: STREET 1: 1500 N DALE MABRY HWY STREET 2: 1500 NORTH MABRY HGWY CITY: TAMPA STATE: FL ZIP: 33607 FORMER COMPANY: FORMER CONFORMED NAME: HILLSBOROUGH HOLDINGS CORP DATE OF NAME CHANGE: 19910814 8-K 1 wi2802.txt ================================================================================ 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) May 18, 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)) ================================================================================ ITEM 7.01 REGULATION FD DISCLOSURE The following information is furnished pursuant to Item 7.01 "Regulation FD Disclosure." On May 18, 2005, Walter Industries, Inc. issued a press release announcing a significant increase to Jim Walter Resources' long-term metallurgical coal production estimates over the 2006-2009 periods. A copy of the press release is attached hereto as Exhibit 99.1. This revised production plan will be a part of the presentation to be made by Don DeFosset, Chairman and CEO of Walter Industries, Inc., during his presentation at the Davenport Spring Institutional Investor Retreat on May 18, 2005 in Williamsburg, Virginia. At the presentation, Mr. DeFosset will confirm the Company's previously issued earnings expectations of $0.54 to $0.62 per diluted share for the second quarter of 2005 and $2.50 to $3.10 per diluted share for the full year. The presentation will be broadcast live, and available for replay for a period of time, via the Company's website at www.walterind.com . 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 P. Patrick ---------------------------- Title: Victor P. Patrick Sr. Vice President, General Counsel and Secretary Date: May 18, 2005 EXHIBIT INDEX (99.1) Press release dated: May 18, 2005, Walter Industries Announces Significant Increase to Long-Term Mine Production Plan at Jim Walter Resources EX-99.1 2 wi2802ex991.txt Exhibit 99.1 WALTER INDUSTRIES ANNOUNCES SIGNIFICANT INCREASE TO LONG-TERM MINE PRODUCTION PLAN AT JIM WALTER RESOURCES PR Newswire -- May 18, 2005 TAMPA, Fla., May 18 /PRNewswire-FirstCall/ -- Walter Industries, Inc. (NYSE: WLT) announced today that Jim Walter Resources is increasing its long- term metallurgical coal production estimates. The revised plan calls for an additional 4.4 million tons of low-vol metallurgical coal to be mined and available for sale, primarily over the 2006 - 2009 period. The revised plan is principally the result of accelerating the previously announced $135 million east expansion of Mine No. 7, a significant improvement in the longwall advance rate in the Mine No. 7 north panel and the development of Mine No. 7's southwest longwall panel. The expansion will be facilitated by the addition of new longwall shields and increased hoist capacity at Mine No. 7. All planned production capacity increases will consist of low-vol metallurgical coal as follows (in millions of tons of coal): 2006 2007 2008 2009 ---- ---- ---- ---- Increase in Capacity 0.4 1.4 1.8 0.7 New Expected Capacity 6.9 7.9 7.9 8.8 "Our leadership team at Jim Walter Resources has again demonstrated their ability to uncover opportunities to expand production and capitalize on the continued strong worldwide metallurgical coal markets," said Don DeFosset, Chairman and CEO of Walter Industries. "Not only are we increasing capacity more rapidly than originally projected, but we will achieve these production increases by accelerating, but not increasing, our capital spending." Walter Industries, Inc. is a diversified company with 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 5,100 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- 05/18/2005 /CONTACT: Joe Troy, Senior Vice President-Financial Services, Walter Industries, +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 / -----END PRIVACY-ENHANCED MESSAGE-----