Earnings roundup

Several companies with Utah connections reported quarterly financial results on Tuesday.

Headwaters

Headwaters Inc. reported net income of $28.3 million, or 60 cents per share, for the quarter ended Dec. 31. That compares with $11.1 million, or 30 cents per share, in the year-earlier quarter.

The South Jordan-based company said revenue in the fiscal first quarter totaled $280.5 million, up from $218.4 million a year earlier.

Headwaters is involved in advancing natural-resource utilization technology.

The company's stock fell $1.98 Tuesday to close at $34.27 per share on the New York Stock Exchange. During the past year, the price has ranged from $29.08 to $45.75.

Utah Medical

Salt Lake-based Utah Medical Products Inc. reported net income of $1.9 million, or 46 cents per share, for the 2005 fourth quarter. That compares with $1.4 million, or 32 cents per share, in the year-earlier quarter.

Wall Street had expected the company to earn 55 cents per share in the most recent quarter.

Sales in the quarter ended Dec. 31 totaled $7 million, up from $6.4 million.

For the full year 2005, the company reported net income of $7.5 million, or $1.80 per share, on sales of $27.7 million. That compares with $10.2 million, or $2.19 per share, on sales of $26.5 million in 2004.

The company develops, manufactures, assembles and markets specialty medical devices.

The company's stock rose $1.41 Tuesday to close at $30.71 per share on Nasdaq. During the past year, the price has ranged from $20.06 to $32.83.

Convergys

Convergys Corp., which has about 8,300 workers at six call centers in Utah, said net income increased 16 percent in the fourth quarter on lower restructuring costs.

Net income rose to $23.4 million, or 16 cents a share, from $20.2 million, or 14 cents, a year earlier, the company said. Convergys was expected to earn 14 cents, the average estimate of 10 analysts surveyed by Thomson Financial.

Fourth-quarter revenue fell to $669.6 million from $672.2 million on lower revenue from Cingular Wireless LLC, Convergys said.