Headwaters Lifts FY16 Adj. EBITDA Outlook - Quick Facts

(RTTNews) - Headwaters Inc. (HW) said that it raised the bottom end of its 2016 Adjusted EBITDA guidance by $5 million to a range of $185 million to $200 million, representing growth of between 12% and 21% from 2015.

The company believes further margin expansion in 2016 and 2017 is possible, due to revenue growth and synergies associated with recent acquisitions.

The company anticipates generating free cash flow between $80 million and $90 million in fiscal 2016 and continue to see opportunities to invest in growth capex and bolt-on acquisitions at returns above its weighted average cost of capital.