|
contents | news | |||||||||
| Centex Reports Fourth Quarter and Fiscal Year Results Centex Corporation announced record revenues, operating earnings and diluted earnings per share for the quarter ended March 31, 2006, as well as record results for the tenth consecutive fiscal year. Highlights of the quarter ended March 31, 2006 (compared to last year's fourth quarter): * Revenues grew 25% to $4.55 billion * Earnings per diluted share from continuing operations grew 17% to $2.92 * Home closings increased 22% to 12,336 * Home Building operating earnings grew 15% to $601 million * Unit backlog declined 6% on a sales (orders) decline of 11% in units Highlights of fiscal year 2006 (compared to fiscal year 2005): * Revenues grew 23% to $14.40 billion * Earnings per diluted share from continuing operations grew 35% to $9.20 * Home Building operating earnings increased 38% to $1.91 billion * Repurchased 9.25 million shares, or approximately 7% of shares outstanding * Return on average stockholders' equity exceeded 27% write your comments about the article :: © 2006 Construction News :: home page |