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Headwaters sees fourth quarter revenue jump, lower loss

Published November 9, 2012 9:49 am

This is an archived article that was published on sltrib.com in 2012, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Headwaters Inc., a South Jordan-based building products company, has reported that its fourth quarter revenue grew 7 percent to $190.1 million compared with the same period last year .

The company, however, reported a loss for the quarter of $4.9 million, or 8 cents per share, compared with the fourth quarter of last year when it posted a loss of $46.7 million, or 77 cents per share.

"We continued to see revenue growth in the fourth quarter, driven primarily by improvement in new residential construction and market share gains," Kirk A. Benson, chairman and CEO, said in a statement announcing the company's fourth quarter results.

Benson said in 2013 the company is looking forward to reporting its first consolidated income from continuing operations since 2007. And he said that would fulfill management's commitment to provide innovative building materials to the company's customers and to carefully manage Headwater's business and capital.