Owens Corning Reports First-Quarter 2018 Results

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Go back to Owens Corning Reports First-Quarter 2018 Results

Owens Corning (OC) Misses Q1 EPS by 17c, Revenue Beats, Offers Outlook

April 25, 2018 6:31 AM EDT

Owens Corning (NYSE: OC) reported Q1 EPS of $0.80, $0.17 worse than the analyst estimate of $0.97. Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.62 billion.

2018 Outlook

The company expects an environment consistent with consensus expectations for U.S. housing starts and global industrial production growth.In Roofing, the company expects growth in both the new construction and remodeling markets. Storm demand at historical averages would result in a mid-single digit... More