HEADWATERS INCORPORATED (NYSE: HW), a building products company dedicated to improving lives through innovative advancements in construction materials, today announced takeaways from its Eleventh Annual Analyst and Investor Day Conference, which was held Friday, March 22, 2013 in Salt Lake City, UT. The event featured presentations by Chairman & Chief Executive Officer Kirk A. Benson, Chief Financial Officer, Don Newman and Senior Executives: Bill Gehrmann, Jerry Smith, Murphy Lents and Dave Ulmer.
Special Guest Speaker—Ivy Zelman, Zelman & Associates
Headwaters’ Analyst & Investor Day also featured special guest speaker, Ivy Zelman, Chief Executive Officer of Zelman & Associates, a preeminent housing market industry expert, well-known for calling the peak of the housing market in 2005. Ms. Zelman shared her views on the market today noting key trends including population growth, household formation, inventory trends, and consumer psychology that support an unfolding housing recovery that remains in its early stages. Ms. Zelman stated, “We believe that the housing market is at the front end of a multi-year appreciation cycle and remain increasingly bullish. There are huge opportunities for companies serving the residential real estate end markets.”
CEO Commentary—Kirk A. Benson“Headwaters’ goal is to be among the world’s elite construction materials businesses and well-known for focusing on niche, high margin product categories,” said Kirk A. Benson, Chairman and Chief Executive Officer of Headwaters. “We are well positioned to capitalize on the new up-cycle in demand that is occurring in a number of our end markets, particularly in the new residential construction market and feel quite confident about our business prospects.” “Our light building products business has a portfolio of market leading brands in six key product categories. We look to grow this business through a combination of new product development, geographic expansion, and market share gains, as well as through strategic product acquisitions, such as our recent acquisition of Kleer Lumber, a manufacturer of high quality and eco-friendly cellular PVC trim board and moulding products. These types of bolt-on acquisitions enable us to expand and leverage our existing distribution channels in order to drive incremental revenue.”