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N E W S B U L L E T I N
10653 S. River Front Parkway, Suite 300
South Jordan, UT 84095
Phone: (801) 984-9400
|FOR FURTHER INFORMATION|
AT THE COMPANY:
Vice President of Investor Relations
FOR IMMEDIATE RELEASE
HEADWATERS INCORPORATED ANNOUNCES RESULTS
FOR FOURTH QUARTER AND FISCAL YEAR 2010
Fourth Quarter Revenue Increased 4% to $195 Million
Total 2010 Revenue of $655 Million
2010 Adjusted EBITDA of $95 Million
$91 Million of Cash at Year End
SOUTH JORDAN, UTAH, November 2, 2010 (NYSE: HW) HEADWATERS INCORPORATED, a diversified building products company dedicated to improving sustainability by transforming underutilized resources into valuable products, today announced results for its fourth quarter and fiscal year ended September 30, 2010.
Fourth Quarter Fiscal 2010 Summary
The Companys fourth quarter 2010 revenue of $194.7 million increased 4% compared to $187.6 million for the quarter ended September 30, 2009, representing the second consecutive quarter of year-over-year revenue growth.
Adjusted EBITDA in the September 2010 quarter was $32.1 million, an 11% increase from $28.9 million in the September 2009 quarter. Excluding asset impairments, operating income in the September 2010 quarter was $13.1 million, compared to $14.0 million in the September 2009 quarter. The net loss excluding asset impairments in the September 2010 quarter was $(2.9) million, or $(0.05) per diluted share, compared to a net loss of $(18.1) million, or $(0.37) per diluted share in 2009.
The following information was filed by Headwaters Inc (HW) on Tuesday, November 2, 2010 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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