Headwaters (NYSE: HW) Reports EPS of $(0.94) vs. $(0.93) Estimate; Revenues $127.1M vs. $131.1M Estimate

HEADWATERS HW today announced results for its March 31, 2011 quarter, the second quarter of fiscal 2011. Second Quarter Fiscal 2011 Summary The Company's second quarter 2011 revenue of $127.1 million decreased 1% compared to $128.2 million for the quarter ended March 31, 2010. Adjusted EBITDA in the March 2011 quarter was $3.9 million, declining from $12.6 million in the March 2010 quarter. Gross profit decreased from $27.5 million in the March 2010 quarter to $17.5 million in the March 2011 quarter. The operating loss in the March 2011 quarter was $(71.7) million, compared to $(4.3) million in the March 2010 quarter. The net loss in the March 2011 quarter was $(156.2) million, or $(2.58) per diluted share, compared to a net loss of $(13.0) million, or $(0.22) per diluted share in 2010.