Owens Corning (OC) Tops Q1 EPS by 6c, Revenues Miss
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Owens Corning Reports First-Quarter 2020 Results
April 29, 2020 6:00 AM EDTCompany Delivered Net Sales of $1.6 Billion
Company delivered strong results in a challenging environment Roofing produced $64 million of EBIT; maintained 12% EBIT margins Insulation delivered $39 million of EBIT; doubled EBIT margins to 6% Composites generated $44 million of EBIT; posted EBIT margins of 9% Company recorded non-cash pre-tax impairment charges of $987 million related to the Insulation businessTOLEDO, Ohio--(BUSINESS WIRE)-- Owens Corning (NYSE: OC) today reported consolidated net sales of $1.6 billion, a decrease of 4% or $66 million, compared with 2019.
First-quarter 2020 net loss... More
