Owens Corning Reports First-Quarter 2019 Results

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Go back to Owens Corning Reports First-Quarter 2019 Results

Owens Corning (OC) Misses Q1 EPS by 4c, Revenues Miss; Provides FY19 Business Outlook

April 24, 2019 6:12 AM EDT

Owens Corning (NYSE: OC) reported Q1 EPS of $0.54, $0.04 worse than the analyst estimate of $0.58. Revenue for the quarter came in at $1.67 billion versus the consensus estimate of $1.68 billion.

I am honored to be leading Owens Corning as the companys eighth CEO. We are excited about the opportunity to drive growth across our global product portfolio to create value for our shareholders, said Chief Executive Officer Brian Chambers. For the first quarter, our results reflect good operational execution across the company.

Insulation delivered $15 million in EBIT, with strong performance in the technical insulation... More