Walter Industries, Inc. and Mueller Water Products, Inc. Invite You to Join Their Joint Earnings Conference Call on the Web

TAMPA, Fla., July 19 /PRNewswire-FirstCall/ -- In conjunction with Walter Industries, Inc.'s second quarter 2006 earnings release and Mueller Water Products, Inc.'s third quarter 2006 earnings release, you are invited to join their joint conference call to be broadcast live over the Internet on Wednesday, August 2, 2006 at 8:30 a.m. EDT with Gregory E. Hyland, Chairman and CEO of Walter Industries and Mueller Water Products.

What: Walter Industries Second Quarter 2006 Earnings and Mueller Water Products Third Quarter 2006 Earnings When: Wednesday, August 2, 2006 at 8:30 a.m. EDT Where: http://www.walterind.com/ and http://www.muellerwaterproducts.com/ How: Live over the Internet -- Simply log on to the Web at one of the addresses above Length: Approximately one hour

If you are unable to listen to the live webcast, the call will be archived for 30 days on the Companies' Web sites at http://www.walterind.com/ and http://www.muellerwaterproducts.com/ .

About Walter Industries

Walter Industries, Inc. is a diversified company with consolidated annual revenues of approximately $3.1 billion. The Company is a significant producer of high-quality metallurgical coal and natural gas for worldwide markets and is a leader in affordable homebuilding and financing. Walter Industries also is a majority shareholder of Mueller Water Products, a leading water infrastructure, flow control and water transmission products company. Including Mueller Water, the Company employs approximately 10,000 people. For more information about Walter Industries, please visit the Company Web site at http://www.walterind.com/ .

About Mueller Water Products

Mueller Water Products is a majority-owned subsidiary of Walter Industries, Inc. with pro forma annual revenues of approximately $1.9 billion. The Company is comprised of three main operating segments: Mueller Co., U.S. Pipe and Anvil. The Company is a leader in water infrastructure, flow control and water transmission products. Based in Tampa, Fla., the Company employs approximately 7,000 people. For more information about Mueller Water Products, please visit the Company Web site at http://www.muellerwaterproducts.com/ .