Headwaters Inc (HW) Releases Earnings Results, Misses Expectations By $-0.05 EPS

Headwaters Inc (HW) reported quarterly earnings results on Tuesday, Aug-2-2016. The company reported $0.30 earnings per share for the quarter, missing the analyst consensus estimate by $-0.05. Analysts had a consensus of $0.35. The company posted revenue of $262.50 million in the period, compared to analysts expectations of $277.58 million. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.

Headwaters Inc opened for trading at $19.54 and hit $19.98 on the upside on Friday, eventually ending the session at $19.89, with a gain of 1.53% or 0.3 points. The heightened volatility saw the trading volume jump to 8,34,309 shares. Company has a market cap of $1,473 M.

In a different news, on Nov 5, 2015, William Gehrmann (Pres. Headwaters Resources) sold 2,112 shares at $17.93 per share price. According to the SEC, on Nov 5, 2015, Harlan M Hatfield (General Counsel) sold 2,788 shares at $17.79 per share price. On Nov 5, 2015, Donald P Newman (Chiel Financial Officer) sold 4,010 shares at $18.29 per share price, according to the Form-4 filing with the securities and exchange commission.

Headwaters Incorporated (Headwaters) is a building products company providing products and services in the light and heavy building materials sectors. It operates in three segments: light building products heavy construction materials and energy technology. The Company’s light building products segment is engaged in design manufacture and marketing of siding accessories used in residential repair and remodeling and new residential construction applications. Heavy construction materials segment is engaged in management and marketing of fly ash and other CCPs procuring fly ash from coal-fueled electric generating utilities and supplying it to customers as a mineral admixture used as a partial replacement for portland cement in the production of concrete. The energy technology segment is focused on reducing waste and increasing the value of energy-related feedstocks primarily in the areas of low-value coal and oil.

Headwaters Inc

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