Exhibit 99.1

 

N E W S  B U L L E T I N

FROM:

 

RE:

Headwaters Incorporated

10701 S. River Front Parkway,

Suite 300

South Jordan, UT 84095

Phone: (801) 984-9400

NYSE: HW

 

FOR FURTHER INFORMATION

 

 

 

 

 

 

 

AT THE COMPANY:

Sharon Madden

Vice President of Investor Relations

(801) 984-9400

 

 

ANALYST CONTACT:

Tricia Ross

Financial Profiles

(310) 622-8226

 

FOR IMMEDIATE RELEASE

 

HEADWATERS INCORPORATED ANNOUNCES

FOURTH QUARTER AND FISCAL 2015 RESULTS

 

·    FY 2015 Revenue Increased 13% to $895 Million

·    FY 2015 Adjusted EBITDA Increased 20% to $166 Million

·   FY 2015 Operating Income Increased 53% to $102 Million

·   FY 2015 Adjusted EPS Increased 61% to $1.13

 

SOUTH JORDAN, UTAH, November 3, 2015 (NYSE: HW) HEADWATERS INCORPORATED,

a building products company dedicated to improving lives through innovative advancements in construction materials, today announced results for its fourth quarter and fiscal year ended September 30, 2015.

 

Fourth Quarter 2015 Highlights

 

·                  Revenue increased 11% to $273 million, substantially all of which was organic growth

·                  Gross profit increased 15% and gross margin expanded by 115 basis points

·                  Operating income increased 26% to $41 million

·                  Adjusted EBITDA increased 16% and Adjusted EBITDA margin expanded by 100 basis points

·                  Building products revenue increased 5%, operating income increased 18%, and Adjusted EBITDA increased 10%

·                  Construction materials revenue increased 14%, operating income increased 17%, and Adjusted EBITDA increased 15%

·                  A non-routine  income tax benefit of $97 million was recognized from the reversal of valuation allowances on NOL and tax credit carryforwards and certain other deferred income tax assets

 


The following information was filed by Headwaters Inc (HW) on Tuesday, November 3, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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