8-K

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): November 18, 2002

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, Dallas, Texas (Address of principal executive offices)	75201 (Zip code)

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

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

TABLE OF CONTENTS

EX-99.1 Press Release dated November 18, 2002

Item 7. Financial Statements and Exhibits.

Exhibit
Number	Description
99.1	Press Release dated November 18, 2002.

Item 9. Regulation FD Disclosure.

        On November 18, 2002, Centex Corporation, a Nevada corporation (the “Corporation”), announced the Company is raising its earnings expectations for fiscal 2003 (its current fiscal year) and fiscal 2004. Centex told analysts at a meeting in Dallas that the company expects to continue to report net earnings for fiscal year 2003 and 2004, which will mark Centex’s seventh and eighth consecutive record earnings years. A copy of the Corporation’s press release confirming this guidance, which is attached as Exhibit 99.1 hereto and incorporated by reference, is being furnished under this Item 9 in accordance with the provisions of Regulation FD (17 CFR §§ 243.100 et seq.).

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/	Raymond G. Smerge
	Name:	Raymond G. Smerge
	Title:	Executive Vice President,
		Chief Legal Officer and Secretary

Date: November 18, 2002.

EXHIBIT INDEX

Exhibit
Number	Description
99.1	Press Release dated November 18, 2002.

EX-99.1 3 d01448exv99w1.txt EX-99.1 PRESS RELEASE DATED NOVEMBER 18, 2002 EXHIBIT 99.1 [CENTEX LETTERHEAD] NEWS RELEASE - -------------------------------------------------------------------------------- FOR IMMEDIATE RELEASE For additional information, contact at 214/981-5000: LELDON E. ECHOLS, EVP and Chief Financial Officer SHEILA E. GALLAGHER, VP -- Corporate Communications CENTEX RAISES EARNINGS PROJECTIONS FOR FISCAL 2003 AND 2004 Company Expects Seventh and Eighth Consecutive Record Years (DALLAS, TX Nov. 18, 2002): Centex Corporation (NYSE: CTX) announced this afternoon that the company is raising its earnings expectations for fiscal 2003 (its current fiscal year) and fiscal 2004. Centex told analysts at a meeting in Dallas that the company expects to continue to report record net earnings for fiscal years 2003 and 2004, which will mark Centex's seventh and eighth consecutive record earnings years. The company's Chairman and CEO Laurence E. Hirsch said Centex expects to earn $8.00 to $8.30 per diluted share for fiscal 2003 ending March 31, 2003, up from the company's previous guidance of $7.80 to $8.20 per share. In addition, Mr. Hirsch said that based on current housing sales rates and the continuance of a reasonably stable economic environment, Centex anticipates diluted earnings per share in the range of $8.75 to $9.75 for fiscal 2004. Mr. Hirsch cited several reasons for Centex's confidence in the future, including: the company's business model, which focuses on internal growth rather than reliance on large acquisitions; Centex's capital and balance sheet capacity; attractive markets for its business segments; a highly experienced management team; and the company's proven processes over more than a half century in business. Through its subsidiaries, Dallas-based Centex ranks among the nation's leading home builders, non-bank-affiliated retail mortgage originators, and general building contractors. The company also has operations in investment real estate and home services and currently owns approximately 65% of a publicly held construction products company. ### FORWARD-LOOKING STATEMENTS. THE "OUTLOOK" SECTION OF THIS PRESS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF SECTION 27A OF THE SECURITIES ACT OF 1933, SECTION 21E OF THE SECURITIES EXCHANGE ACT OF 1934 AND THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. FORWARD-LOOKING STATEMENTS MAY BE IDENTIFIED BY THE CONTEXT OF THE STATEMENT AND GENERALLY ARISE WHEN THE COMPANY IS DISCUSSING ITS BELIEFS, ESTIMATES OR EXPECTATIONS. THESE STATEMENTS ARE NOT GUARANTEES OF FUTURE PERFORMANCE AND INVOLVE A NUMBER OF RISKS AND UNCERTAINTIES. ACTUAL RESULTS AND OUTCOMES MAY DIFFER MATERIALLY FROM WHAT IS EXPRESSED OR FORECAST IN SUCH FORWARD-LOOKING STATEMENTS. THE PRINCIPAL RISKS AND UNCERTAINTIES THAT MAY AFFECT THE COMPANY'S ACTUAL PERFORMANCE AND RESULTS OF OPERATIONS INCLUDE THE FOLLOWING: GENERAL ECONOMIC CONDITIONS AND INTEREST RATES; THE CYCLICAL AND SEASONAL NATURE OF THE COMPANY'S BUSINESSES; ADVERSE WEATHER; CHANGES IN PROPERTY TAXES AND ENERGY COSTS; CHANGES IN FEDERAL INCOME TAX LAWS AND FEDERAL MORTGAGE FINANCING PROGRAMS; GOVERNMENTAL REGULATIONS; CHANGES IN GOVERNMENTAL AND PUBLIC POLICY; CHANGES IN ECONOMIC CONDITIONS SPECIFIC TO ANY ONE OR MORE OF THE COMPANY'S MARKETS AND BUSINESSES; COMPETITION; AVAILABILITY OF RAW MATERIALS; AND UNEXPECTED OPERATIONS DIFFICULTIES. THESE AND OTHER FACTORS ARE DESCRIBED IN THE COMPANY'S MOST RECENT ANNUAL REPORT ON FORM 10-K FOR THE FISCAL YEAR ENDED MARCH 31, 2002, AND THE COMPANY'S QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTER ENDED SEPTEMBER 30, 2002, WHICH ARE FILED WITH THE SECURITIES AND EXCHANGE COMMISSION. -----END PRIVACY-ENHANCED MESSAGE-----

EX-99.1

                                                                    EXHIBIT 99.1

                              [CENTEX LETTERHEAD]

NEWS RELEASE
- --------------------------------------------------------------------------------
                                                           FOR IMMEDIATE RELEASE
For additional information, contact at 214/981-5000:
LELDON E. ECHOLS, EVP and Chief Financial Officer
SHEILA E. GALLAGHER, VP -- Corporate Communications

          CENTEX RAISES EARNINGS PROJECTIONS FOR FISCAL 2003 AND 2004
          Company Expects Seventh and Eighth Consecutive Record Years

         (DALLAS, TX  Nov. 18, 2002): Centex Corporation (NYSE: CTX) announced
this afternoon that the company is raising its earnings expectations for fiscal
2003 (its current fiscal year) and fiscal 2004. Centex told analysts at a
meeting in Dallas that the company expects to continue to report record net
earnings for fiscal years 2003 and 2004, which will mark Centex's seventh and
eighth consecutive record earnings years.

         The company's Chairman and CEO Laurence E. Hirsch said Centex expects
to earn $8.00 to $8.30 per diluted share for fiscal 2003 ending March 31, 2003,
up from the company's previous guidance of $7.80 to $8.20 per share. In
addition, Mr. Hirsch said that based on current housing sales rates and the
continuance of a reasonably stable economic environment, Centex anticipates
diluted earnings per share in the range of $8.75 to $9.75 for fiscal 2004.

         Mr. Hirsch cited several reasons for Centex's confidence in the
future, including: the company's business model, which focuses on internal
growth rather than reliance on large acquisitions; Centex's capital and balance
sheet capacity; attractive markets for its business segments; a highly
experienced management team; and the company's proven processes over more than a
half century in business.

         Through its subsidiaries, Dallas-based Centex ranks among the nation's
leading home builders, non-bank-affiliated retail mortgage originators, and
general building contractors. The company also has operations in investment
real estate and home services and currently owns approximately 65% of a publicly
held construction products company.

                                      ###

FORWARD-LOOKING STATEMENTS. THE "OUTLOOK" SECTION OF THIS PRESS RELEASE
CONTAINS FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF SECTION 27A OF THE
SECURITIES ACT OF 1933, SECTION 21E OF THE SECURITIES EXCHANGE ACT OF 1934 AND
THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. FORWARD-LOOKING
STATEMENTS MAY BE IDENTIFIED BY THE CONTEXT OF THE STATEMENT AND GENERALLY
ARISE WHEN THE COMPANY IS DISCUSSING ITS BELIEFS, ESTIMATES OR EXPECTATIONS.
THESE STATEMENTS ARE NOT GUARANTEES OF FUTURE PERFORMANCE AND INVOLVE A NUMBER
OF RISKS AND UNCERTAINTIES. ACTUAL RESULTS AND OUTCOMES MAY DIFFER MATERIALLY
FROM WHAT IS EXPRESSED OR FORECAST IN SUCH FORWARD-LOOKING STATEMENTS. THE
PRINCIPAL RISKS AND UNCERTAINTIES THAT MAY AFFECT THE COMPANY'S ACTUAL
PERFORMANCE AND RESULTS OF OPERATIONS INCLUDE THE FOLLOWING: GENERAL ECONOMIC
CONDITIONS AND INTEREST RATES; THE CYCLICAL AND SEASONAL NATURE OF THE
COMPANY'S BUSINESSES; ADVERSE WEATHER; CHANGES IN PROPERTY TAXES AND ENERGY
COSTS; CHANGES IN FEDERAL INCOME TAX LAWS AND FEDERAL MORTGAGE FINANCING
PROGRAMS; GOVERNMENTAL REGULATIONS; CHANGES IN GOVERNMENTAL AND PUBLIC POLICY;
CHANGES IN ECONOMIC CONDITIONS SPECIFIC TO ANY ONE OR MORE OF THE COMPANY'S
MARKETS AND BUSINESSES; COMPETITION; AVAILABILITY OF RAW MATERIALS; AND
UNEXPECTED OPERATIONS DIFFICULTIES. THESE AND OTHER FACTORS ARE DESCRIBED IN
THE COMPANY'S MOST RECENT ANNUAL REPORT ON FORM 10-K FOR THE FISCAL YEAR ENDED
MARCH 31, 2002, AND THE COMPANY'S QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTER
ENDED SEPTEMBER 30, 2002, WHICH ARE FILED WITH THE SECURITIES AND EXCHANGE
COMMISSION.