Headwaters (HW) Tops Q2 EPS by 3c, Offers Outlook

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Headwaters Incorporated Announces Results for Second Quarter of Fiscal 2016

May 3, 2016 6:00 AM EDT

Revenue Increased 13% to $202 Million Building Products Segment Revenue Increased 21% Adjusted EBITDA Increased 21% to $29 Million Adjusted EPS Increased 117% to $0.13

SOUTH JORDAN, Utah--(BUSINESS WIRE)-- (NYSE: HW) HEADWATERS INCORPORATED, a building products company dedicated to improving lives through innovative advancements in construction materials, today announced results for its second quarter of fiscal 2016.

Second Quarter 2016 Highlights

Revenue increased 13% to $202 million, including 9% organic growth Gross profit increased 17% and gross margin expanded by 90 basis points... More