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Headwaters Incorporated Announces Results For First Quarter Of Fiscal 2013

Stocks in this article: HW

Loss from continuing operations was $(3.9) million, or $(0.06) per diluted share, for the first quarter of 2013, compared to a loss of $(13.3) million, or $(0.22) per diluted share, for the first quarter of 2012. Net loss including discontinued operations was $(5.9) million, or $(0.09) per diluted share, for the first quarter of 2013, compared to a net loss of $(23.7) million, or $(0.39) per diluted share, for the first quarter of 2012. In the first quarter of 2012, we recognized approximately $4.0 of non-recurring other expense.

First Quarter Business Segment Highlights

           

2013

     

2013 Adjusted

      2012 Adjusted

Business

2013

Adjusted

EBITDA

EBITDA

Segment

      Revenue      

EBITDA

     

Margin

      Margin
Light Building Products       $76.7 million       $11.9 million       15.5%       15.4%
Heavy Construction Materials       $68.2 million       $10.8 million       15.8%       21.2%
                       
2013

2012

2013

2012 Operating

Operating

Business

Operating

Operating Income

Income

Segment

     

Income

      Income       Margin      

Margin

Light Building Products

     

$3.1 million

     

$0.8 million

     

4.0%

     

1.1%

Heavy Construction Materials       $7.6 million       $8.7 million       11.1%       13.9%
 

Light Building Products Segment

Headwaters’ light building products segment is a national brand leader in innovative building products through superior design, manufacturing and channel distribution. The segment brands and brings to market a wide variety of building products, including vinyl siding accessories and manufactured architectural stone.

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