Headwaters Inc. Profit Rises 82% In Q1

(RTTNews) - Headwaters Inc. (HW) revealed earnings for its first quarter that climbed from last year.

The company said its bottom line came in at $12.42 million, or $0.17 per share. This was up from $6.84 million, or $0.09 per share, in last year's first quarter.

Analysts had expected the company to earn $0.15 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 9.4% to $218.42 million. This was up from $199.60 million last year.

Headwaters Inc. earnings at a glance:

-Earnings (Q1): $12.42 Mln. vs. $6.84 Mln. last year. -Earnings Growth (Y-o-Y): 81.6% -EPS (Q1): $0.17 vs. $0.09 last year. -EPS Growth (Y-o-Y): 88.9% -Analysts Estimate: $0.15 -Revenue (Q1): $218.42 Mln vs. $199.60 Mln last year. -Revenue Change (Y-o-Y): 9.4%