Headwaters Inc (HW)

[mkendra]

Headwaters 3Q EPS 98c Vs EPS 58c >HW
Dow Jones Newswires - July 31, 2007 6:37 AM ET




DOW JONES NEWSWIRES

Headwaters Inc. (HW) reported fiscal third-quarter earnings rose 69% on 14% higher revenue.

For the quarter ended June 30, earnings reached $46.4 million, or 98 cents a share, from $27.4 million, or 58 cents a share, in the year-earlier period.

Revenue rose to $336.3 million from $295.9 million.

A survey of analysts by Thomson Financial produced consensus estimates of 49 cents a share in income, on $299 million of revenue.

In coal combustion, increases in revenue and operating margin "resulted from strong product demand and upward pricing trends in several markets," Headwaters said.

"While we face significant market headwind in our products most exposed to new-home construction, we believe we are making operating improvements to align operations to this new environment," the company said.

-Robert Daniel; 415-439-6400; [e-mail]