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Centex

Builder of new homes.

Headquarters:
2728 N Harwood
Dallas, TX 75201
Employees: 11,400
CEO: Timothy Eller
Stock Symbol: CTX

Established in 1950 in Dallas, TX, Centex Corporation is one of the nation's premier companies in building and related services: Home Building, Home Services, Financial Services and Construction Services.

Centex operates in major U.S. markets in 25 states and delivered more than 35,000 homes in the United States in its most recent fiscal year ended March 31, 2007.

The company builds homes primarily in the lower- and mid-Atlantic, Midwest, Southwest and West Coast. It has more than 1,500 offices and construction job sites across the nation and in the United Kingdom.

Other Centex businesses include:

CTX Mortgage

CTX Mortgage Company, one of the nation's largest retail mortgage originators, has more than 200 offices and is licensed to do business in 46 states and the District of Columbia. CTX Mortgage offers FHA/VA, conventional, conforming, jumbo and specialty loans. CTX Mortgage originated almost $14 billion of loans in fiscal 2007.

Centex Title and Insurance

Centex's Title and Insurance operations provide nationwide residential and commercial title insurance and settlement services, including low-cost property reports and appraisal products. Centex Insurance offers homeowners' insurance to more than 100,000 customers nationwide and also offers life, auto, boat, commercial, home warranty and umbrella policies.

HomeTeam Pest Defense

HomeTeam Pest Defense is the nation's largest pest management company serving new home builders. In addition to conventional pest control and termite treatment services, HomeTeam offers the innovative TaexxTM built-in pest control system which is installed during new home construction.

For fiscal 2007, the company had record revenues of $12.0 billion. Net earnings were $268.3 million.

History

Dallas businessmen Ira Rupley and Tom Lively formed Rupley-Lively Construction Company in Dallas in 1947. Veterans returning from WWII armed with VA and FHA loans provided an ample market for housing during this period, as well as a well-trained construction worker force.

In 1950, Rupley and Lively incorporated the company under the name -- Centex Construction Company. "Centex" derives from "Central Texas."

The company opened an office in Dallas with 54 employees and built $10,000-$12,000 starter homes in the area.

Centex would go public in 1969.

Benefits

- Medical and prescription drug coverage (PPO/HMO options, depending where you live)
- Dental coverage
- Vision exam and discount program
- A free, confidential telephone and online employee assistance program
- Pre-tax flexible spending accounts for health care and dependent care expenses
- Company-provided basic term life and accidental death & dismemberment insurance for employees, plus supplemental and dependent coverage options
- Short- and long-term disability coverage at no cost to protect against loss of income
due to a non-work related illness or injury
- A profit sharing and retirement plan with employer contributions and 401(k) pre-tax
savings feature
- Paid holidays, vacation days
- A 529 college savings plan
- A continuing education program with 80% tuition reimbursement
- Direct deposit for both paychecks and expense reimbursements
- Service awards every five years
Employee discounts on:
- Centex home purchase
- Loan origination fees from CTX Mortgage Company and Centex Home Equity
- HomeTeam Pest Defense services
- Appliances, automobiles, trucks
- Cellular phone plans, hotels, computers, etc.

Updated August 12, 2007