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24


nanotimes


Companies Facts


H


eadwaters Incorporated (NYSE: HW), a building products company dedicated to improving lives


through innovative advancements in construction materials, announced results for its second quarter of fiscal 2012. Second Quarter Fiscal 2012 Highlights:


• Light building products revenue increased 19%, the highest year-over-year growth rate since March 2006;


• Heavy construction materials revenue increased 14%, reflecting growth in both product sales and service revenues;


• Results highlight positive impact of operating leverage – revenue increased 15% and Adjusted EBITDA increased nearly five-fold;


• Repaid $12.0 million of subordinated debt in the quarter, reducing annual cash interest expense by $1.8 million.


Headwaters’ second quarter 2012 revenue increased by 15% to $129.6 million from $113.2 million for the second quarter of 2011. Loss from continuing operations was $(18.2) million, or $(0.30) per diluted share for the second quarter of 2012, compared to a loss from continuing operations of $(113.9) million, or $(1.88) per diluted share, for the second quarter of 2011.


The Company has also notified the holders of its out- standing 16% Convertible Senior Subordinated Notes due 2016 (CUSIP Nos. 42210PAF9 and 42210PAG7) and 2-7/8% Convertible Senior Subordinated Notes due 2016 (CUSIP No. 42210PAA0) that it intends to redeem all of the outstanding Notes on June 4, 2012 (the “Redemption Date”).


http://www.headwaters.com I


BM (NYSE: IBM) announced that two industry leaders – Asahi Kasei and Central Glass – will


join its Battery 500 Project team and collaborate on far-reaching research with the potential to accelerate the switch from gasoline to electricity as the primary power source for vehicles. In 2009, IBM Research pioneered a sustainable mobility project to develop lithium-air battery technology capable of powering a family-sized electric car for approximately 500 miles (800 km) on a single charge.


Moreover, IBM announced first-quarter 2012 diluted earnings of $2.61 per share, compared with diluted earnings of $2.31 per share in the first quarter of 2011, an increase of 13%. Operating (non-GAAP) di- luted earnings were $2.78 per share, compared with operating diluted earnings of $2.41 per share in the first quarter of 2011, an increase of 15%.


First-quarter net income was $3.1 billion compared with $2.9 billion in the first quarter of 2011, an in- crease of 7%. Operating (non-GAAP) net income was $3.3 billion compared with $3.0 billion in the first quarter of 2011, an increase of 9%.


Total revenues for the first quarter of 2012 of $24.7 billion were flat.


ht tp: / /www-03. ibm.com/pres s /us /en/pres s re- lease/37485.wss


http://www-03.ibm.com I


llumina, Inc. (NASDAQ: ILMN) announced its financial results for the first quarter of 2012. The revenue of $273 million, decreased 3% to of $273


12-04 :: April/May 2012


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