Headwaters, Inc. (HW) Reports In-Line Q2 Loss of 13c/Share

Headwaters, Inc. (NYSE: HW) reported Q2 EPS of ($0.13), in-line with the analyst estimate of ($0.13). Revenue for the quarter came in at $157 million versus the consensus estimate of $150.47 million.

Highlights:

• Despite challenging weather conditions, revenue grew 11% year-over-year in the second quarter, including 6% organic growth, serving as a positive precursor to strong seasonal summer growth
• Light building products revenue increased 11% and operating income increased 46%
• Heavy construction materials revenue increased 9% and operating income increased 41%
• In regions not impacted by severe winter weather, sales volumes increased year-over-year in light building products and heavy construction materials
• Headwaters experienced its first positive operating income since 2007 for the seasonally trough March quarter
• Acquired a large source of high quality fly ash located in the Northeast
• Fully retired 2.5% convertible debt

For earnings history and earnings-related data on Headwaters, Inc. (HW) click here.

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