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Stock Market & Financial Investment News

News Breaks
May 19, 2014
06:01 EDTHWHeadwaters acquires assets of Metals USA's roofing products business for $28M
Headwaters announced it has acquired the assets of Metals USA's roofing products business Gerard. Gerard sells seven primary metal profiles, including classic tile, barrel vault, and canyon shake. This niche roofing product combines aesthetically pleasing profiles resembling tile, shake, or slate with a fire proof material and a low lifetime installed cost. The $28M transaction will be immediately accretive to earnings. Headwaters is funding the transaction with existing balance sheet cash, and expects its net debt to adjusted EBITDA ratio will increase slightly with the use of cash, but remains on track to achieve desired leverage ratio in 2015.
News For HW From The Last 14 Days
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February 3, 2016
08:18 EDTHWHeadwaters positions should be added to at current levels, says Canaccord
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February 2, 2016
06:04 EDTHWHeadwaters raises FY16 adjusted EBITDA to $180M-$200M
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06:03 EDTHWHeadwaters reports Q1 Building Products revenue $131.8M
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06:03 EDTHWHeadwaters sees FY16 building products margin to ben driven by organic growth
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06:02 EDTHWHeadwaters reports Q1 organic revenue growth of 8%
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06:01 EDTHWHeadwaters reports Q1 adjusted EPS 28c, consensus 15c
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