Owens Corning Reports Full-Year and Fourth-Quarter 2019 Results
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Owens Corning (OC) Reports In-Line Q4 EPS
February 19, 2020 6:02 AM ESTOwens Corning (NYSE: OC) reported Q4 EPS of $1.13, in-line with the analyst estimate of $1.13. Revenue for the quarter came in at $1.69 billion versus the consensus estimate of $1.69 billion.
Company Delivered Net Sales of $7.2 Billion, Generated Record Operating Cash Flow of $1 Billion in 2019
Company delivered $405 million of net earnings and adjusted EBIT of $828 millionRoofing improved EBIT by $21 million to $455 millionInsulation delivered $230 million of EBITComposites generated $247 million of EBIT, and 12% EBIT marginsImproved free cash flow by $324 million to $590 millionOwens Corning delivered record... More
