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                                  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) April 27, 2006

                             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))

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ITEM 2.02   RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On April 27, 2006, Walter Industries, Inc. (the "Company") issued a press
release filed herewith as Exhibit 99.1 and hereby incorporated by reference
setting forth the Company's first quarter results.

ITEM 7.01   REGULATION FD DISCLOSURE

The following information is furnished pursuant to Item 7.01 "Regulation FD
Disclosure."

On April 27, 2006, the Company issued a press release announcing that Jim Walter
Resources has negotiated and settled a substantial portion of its annual
metallurgical coal contracts for the July 2006 through June 2007 period with
average pricing at approximately $115 per metric ton, and announcing that the
Company has narrowed its full-year earnings expectations range. A copy of the
press release is attached hereto as Exhibit 99.2.

The information furnished pursuant to this "Item 7.01 Regulation FD Disclosure,"
including Exhibit 99.2, shall not be deemed to be "filed" with the Securities
and Exchange Commission or incorporated by reference in any filing under the
Securities Exchange Act of 1934, as amended or the Securities Act of 1933, as
amended, except as shall be expressly set forth by specific reference in any
such filings.

ITEM 9.01   FINANCIAL STATEMENTS AND EXHIBITS

(d)         Exhibits

99.1        April 27, 2006, Walter Industries Announces First Quarter 2006
            Results

99.2        Jim Walter Resources Settles Significant Portion of Metallurgical
            Coal Contracts At Approximately $115 Per Metric Ton; Walter
            Industries Narrows Full-Year Earnings Expectations Range



                                   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
                                           -------------------------------------
                                           Victor P. Patrick
                                           Sr. Vice President, General Counsel
                                           and Secretary

Date:  April 27, 2006