Headwaters Inc Issues FY 2013 EBITDA Guidance In Line With Analysts' Estimates; Reaffirms FY 2013 Net Income Guidance

Headwaters Inc announced that the underlying improvement in the business and, should end markets maintain their current momentum, expects to generate net income from continuing operations in fiscal 2013. The Company expects adjusted EBITDA from continuing operations for fiscal 2013 to be in the range of $100 million to $115 million, depending on the level of new housing starts, repair and remodeling spend, and the continued growth of newer products. According to I/B/E/S Estimates, analysts are expecting the Company to report EBITDA of $107 million for fiscal 2013 and net profit of $8.09 million for fiscal 2013.