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News Breaks
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March 5, 2010
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| 07:24 EDT |  | HW |
| theflyonthewall.com: | Headwaters reits EBITDA guidance of $95M-$105M, FCF of $37M for FY10 | | The Company reported that its 2010 EBITDA forecast is based on an assumption of flat revenue and at least $22M in cost savings. While Q1 revenue was lower than the corresponding Q1 of 2009, cost savings were ahead of forecast and Headwaters reiterated EBITDA guidance of $95M-$105M. Since Headwaters’ business is highly seasonal, achievement of its EBITDA guidance is dependent upon performance in the June and September quarters. Additionally, the Company is targeting free cash flow, or FCF, of approximately $37M in 2010. These statements were made in conjunction with Headwaters' analyst day being held today in New York City. :theflyonthewall.com |
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