Owens Corning Reports Third-Quarter 2019 Results
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Owens Corning (OC) Tops Q3 EPS by 13c, Revenues Beat
October 23, 2019 6:08 AM EDTOwens Corning (NYSE: OC) reported Q3 EPS of $1.63, $0.13 better than the analyst estimate of $1.50. Revenue for the quarter came in at $1.9 billion versus the consensus estimate of $1.85 billion.
Company Delivered Net Sales of $1.9 Billion, Net Earnings of $150 Million and Adjusted EBIT of $277 MillionRoofing improved EBIT by $16 million to $143 million on volume strengthInsulation delivered $84 million of EBIT, with continued strong performance in the technical and other building insulation businessesComposites generated 13% EBIT margins on continued good operational and commercial... More