Headwaters Incorporated Schedules Fiscal First Quarter 2008 Earnings Release and...

Headwaters Incorporated Schedules Fiscal First Quarter 2008 Earnings Release and Conference Call

SOUTH JORDAN, Utah--(Business Wire)--Headwaters Incorporated (NYSE:HW) will announce financial results
for the fiscal first quarter 2008 ended December 31, 2007, before the
market opens on Tuesday, January 29, 2008. Following the release,
Headwaters will host a conference call with a simultaneous webcast at
11 a.m. Eastern/9 a.m. Mountain to discuss the company's financial
results and business outlook. The conference call will feature
Chairman and Chief Executive Officer Kirk A. Benson and Chief
Financial Officer, Steven G. Stewart. The call will be available live
via the Internet by accessing the company's Web site at
www.headwaters.com and clicking on the Investor Relations section. To
listen to the live broadcast, please go to the Web site at least 15
minutes early to register, download and install any necessary audio
software.

For those who cannot listen to the live broadcast, an online
replay will be available for 90 days on www.headwaters.com, or a phone
replay will be available through February 5, 2008, by dialing
800-405-2236 or 303-590-3000 and entering the pass code 11107648.

About Headwaters Incorporated

Headwaters Incorporated is a world leader in creating value
through innovative advancements in the utilization of natural
resources. Headwaters is a diversified growth company providing
products, technologies and services to the energy, construction and
home improvement industries. Through its alternative energy, coal
combustion products, and building materials businesses, the Company
earns a growing revenue stream that provides the capital needed to
expand and acquire synergistic new business opportunities.

Forward Looking Statements

Certain statements contained in this press release are
forward-looking statements within the meaning of federal securities
laws and Headwaters intends that such forward-looking statements be
subject to the safe-harbor created thereby. Forward-looking statements
include Headwaters' expectations as to the managing and marketing of
coal combustion products, the production and marketing of building
materials and products, the production and marketing of cleaned coal,
the production and marketing of hydrogen peroxide, the licensing of
resid hydrocracking technology and catalyst sales to oil refineries,
the availability of refined coal tax credits, the development,
commercialization, and financing of new technologies and other
strategic business opportunities and acquisitions, and other
information about Headwaters. Such statements that are not purely
historical by nature, including those statements regarding Headwaters'
future business plans, the operation of facilities, the availability
of feedstocks, and the marketability of the coal combustion products,
building products, cleaned coal, hydrogen peroxide, catalysts, and the
availability of tax credits, are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995
regarding future events and our future results that are based on
current expectations, estimates, forecasts, and projections about the
industries in which we operate and the beliefs and assumptions of our
management. Actual results may vary materially from such expectations.
Words such as "expects," "anticipates," "targets," "goals,"
"projects," "believes," "seeks," "estimates," "plans," variations of
such words and similar expressions, are intended to help identify such
forward-looking statements. Any statements that refer to projections
of our future financial performance, our anticipated growth and trends
in our businesses, and other characterizations of future events or
circumstances, are forward-looking. In addition to matters affecting
the coal combustion products, building products, and alternative
energy industries or the economy generally, factors that could cause
actual results to differ from expectations stated in forward-looking
statements include, among others, the factors described in the caption
entitled "Risk Factors" in Item 1A in Headwaters' Annual Report on
Form 10-K for the fiscal year ended September 30, 2007, Quarterly
Reports on Form 10-Q, and other periodic filings and prospectuses.

Although Headwaters believes that its expectations are based on
reasonable assumptions within the bounds of its knowledge of its
business and operations, there can be no assurance that our results of
operations will not be adversely affected by such factors. Unless
legally required, we undertake no obligation to revise or update any
forward-looking statements for any reason. Readers are cautioned not
to place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. Our internet address
is www.headwaters.com. There we make available, free of charge, our
annual report on Form 10-K, quarterly reports on Form 10-Q, current
reports on Form 8-K and any amendments to those reports, as soon as
reasonably practicable after we electronically file such material
with, or furnish it to, the SEC. Our reports can be accessed through
the investor relations section of our web site.

Headwaters Incorporated
Sharon Madden, Vice President of Investor Relations
801-984-9400
or
Financial Relations Board
Tricia Ross, Analyst Contact, 213-486-6540

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