Headwaters

Headwaters is a leading manufacturer of building products for the residential construction, residential remodeling, commercial and institutional construction industries. The Company's portfolio of building products includes: architectural stone; resin-based exterior siding accessories (such as specialty siding and shutters); roofing; trim board; decking; railing; concrete block and brick; and various other building products. The Company has over 1,000 U.S. wholesale distributors and generates incremental sales through big box stores. Headwaters also markets certain products through its direct sales force. The broad distribution system and extraordinary brand loyalty has enabled Headwaters to capture leadership positions in its key niche product categories.

Company Growth (employees)
Type
Public
HQ
South Jordan, US
Size (employees)
3,687 (est)
Headwaters is headquartered in South Jordan, US

Headwaters Office Locations

Headwaters has an office in South Jordan
South Jordan, US (HQ)
300 10701 S River Front Pkwy

Headwaters Data and Metrics

Headwaters Financial Metrics

Headwaters's revenue was reported to be $259.3 m in Q2, 2017
USD

Revenue (Q2, 2017)

259.3 m

Gross profit (Q2, 2017)

70.5 m

Gross profit margin (Q2, 2017), %

27%

Net income (Q2, 2017)

5.1 m

EBIT (Q2, 2017)

14.7 m

Market capitalization (05-May-2017)

1.8 b

Closing share price (05-May-2017)

23.8

Cash (31-Mar-2017)

58.1 m
Headwaters's current market capitalization is $1.8 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

215 m245.9 m272.7 m291.6 m

Revenue growth, %

14%11%7%

Net Income

10.3 m16.7 m126.8 m16.9 m
USDQ3, 2014Q1, 2014Q2, 2015Q3, 2015Q1, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017

Revenue

223.4 m199.6 m179.7 m243.3 m218.4 m202.3 m262.5 m255.6 m259.3 m

Cost of goods sold

155.7 m143.9 m132.6 m166.5 m154.1 m147.5 m178.9 m185 m188.8 m

Gross profit

67.7 m55.7 m47.1 m76.8 m64.3 m54.9 m83.5 m70.6 m70.5 m

Gross profit Margin, %

30%28%26%32%29%27%32%28%27%

General and administrative expense

36.5 m32 m34.4 m38.9 m34.9 m37.9 m42.4 m45 m49.4 m

Operating expense total

36.5 m32 m34.4 m38.9 m34.9 m37.9 m42.4 m45 m49.4 m

EBIT

25.7 m19.2 m8.2 m33.3 m24.8 m12.2 m36.1 m19.3 m14.7 m

EBIT margin, %

12%10%5%14%11%6%14%8%6%

Interest expense

(12.1 m)(12 m)(36 m)(8.1 m)(8.2 m)(8.1 m)(9.3 m)(8.9 m)(8.2 m)

Pre tax profit

13.5 m7 m(27.8 m)25.3 m16.5 m4.1 m26.6 m10.6 m8.4 m

Income tax expense

(2.4 m)200 k2.8 m(2.2 m)(3.6 m)(1.5 m)(9.1 m)(3.9 m)(3.3 m)

Net Income

10.9 m7.1 m(25.2 m)23 m12.7 m2.4 m17.8 m6.8 m5.1 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

75.3 m152.5 m142.6 m65.3 m

Accounts Receivable

109.9 m119.3 m134.4 m152.1 m

Inventories

37.4 m50.6 m55.1 m72.7 m

Current Assets

243.9 m344.1 m367.6 m304.8 m

PP&E

159.6 m182.1 m185.7 m206.8 m

Goodwill

137.2 m175.6 m178.2 m290.5 m

Total Assets

724 m903.4 m979 m1.2 b

Accounts Payable

21.8 m27 m25.3 m30.2 m

Total Debt

457 m7.8 m

Current Liabilities

148.6 m136.3 m133.9 m147.1 m

Non-Current Liabilities

491 m651.4 m594.9 m787.9 m

Total Liabilities

639.6 m787.7 m728.7 m935.1 m

Additional Paid-in Capital

720.8 m723.6 m728.7 m733.1 m

Retained Earnings

(636 m)(620.7 m)(489.9 m)(441.8 m)

Total Equity

84.4 m102.4 m237.9 m290 m

Debt to Equity Ratio

5.4 x0 x

Debt to Assets Ratio

0.6 x0 x

Financial Leverage

8.6 x8.8 x4.1 x4.3 x
USDQ3, 2014Q1, 2014Q2, 2015Q3, 2015Q1, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017

Cash

114.5 m151.8 m79.7 m99.4 m115.6 m58.5 m87.5 m70.9 m58.1 m

Accounts Receivable

115 m86 m91.4 m119.2 m93.4 m106.2 m136.1 m118.3 m133.7 m

Inventories

56.1 m56.6 m63.6 m62.1 m61.3 m66.1 m65.7 m80.5 m90 m

Current Assets

310.3 m317 m258 m306 m278.4 m244.3 m303.1 m284.3 m294.6 m

PP&E

176.3 m182 m182.2 m181.9 m186.2 m194.4 m190.1 m212.6 m218.4 m

Goodwill

186 m175.5 m175.5 m175.5 m225 m246.2 m218.7 m296.2 m300.3 m

Total Assets

868.2 m874.3 m803.2 m846.5 m957.7 m970.7 m1 b1.2 b1.2 b

Accounts Payable

24.9 m15.8 m19.8 m25 m18 m20 m23.8 m26 m28.2 m

Current Liabilities

124.5 m96.2 m95.4 m114.6 m101.4 m114 m136 m119.1 m122.6 m

Non-Current Liabilities

644.9 m654.9 m609.4 m609.7 m592.6 m590.5 m591.7 m784.9 m785.5 m

Additional Paid-in Capital

722.9 m724.4 m725.6 m726.6 m729.9 m730.3 m731.6 m739.2 m739.9 m

Retained Earnings

(637.2 m)(613.8 m)(639.3 m)(616.5 m)(477.5 m)(475.4 m)(457.8 m)(435.1 m)(430.6 m)

Total Equity

85.2 m109.9 m85.6 m109.3 m251.4 m253.9 m272.5 m302.7 m308 m

Financial Leverage

10.2 x8 x9.4 x7.7 x3.8 x3.8 x3.7 x4 x4 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

7.1 m16.7 m131.7 m49.8 m

Depreciation and Amortization

52.3 m54 m62.5 m

Accounts Receivable

119 m

Inventories

50.6 m(432 k)

Accounts Payable

(4.2 m)27 m

Cash From Operating Activities

58.6 m63.4 m120.3 m

Cash From Investing Activities

(68.4 m)(38.9 m)(381.4 m)

Long-term Borrowings

(47.4 m)(449.8 m)(155.1 m)

Cash From Financing Activities

31.3 m(34.5 m)183.8 m

Interest Paid

37.1 m58.7 m39.3 m

Income Taxes Paid

2.5 m23.2 m3.3 m4.4 m
USDQ3, 2014Q1, 2014Q2, 2015Q3, 2015Q1, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017

Net Income

10.9 m7.1 m(25.2 m)23 m12.7 m2.4 m17.8 m6.8 m5.1 m

Accounts Receivable

115 m86 m91.4 m119.2 m93.4 m106.2 m136.1 m118.3 m133.7 m

Inventories

56.1 m56.6 m63.6 m62.1 m61.3 m66.1 m65.7 m80.5 m90 m

Accounts Payable

24.9 m15.8 m19.8 m25 m18 m20 m23.8 m26 m28.2 m

Income Taxes Paid

21 m23.2 m18.9 m20.9 m2 m2.9 m3 m
USDY, 2017

Revenue/Employee

70.3 k

Financial Leverage

4 x

Headwaters Market Value History

Traffic Overview of Headwaters

Headwaters News and Updates

Australia’s Boral Buys Headwaters for $1.8 Billion

The deal will double its U.S. presence.

Headwaters Company Life and Culture

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