Owens Corning (OC) Tops Q1 EPS by 54c
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Owens Corning Delivers Net Sales of $2.3 Billion; Generates Net Earnings of $383 Million and Adjusted EBIT of $361 Million
April 26, 2023 6:00 AM EDTTOLEDO, Ohio--(BUSINESS WIRE)-- Owens Corning (NYSE: OC), a global building and construction materials leader, today reported first-quarter 2023 results.
Reported Net Sales of $2.3 Billion, in-line with Prior Year Generated Adjusted EBIT Margins of 15% and Adjusted EBITDA Margins of 21% Delivered Diluted EPS of $4.17 and Adjusted Diluted EPS of $2.77 Produced Operating Cash Outflow of $164 Million and Free Cash Outflow of $322 Million Returned $183 Million to Shareholders through Dividends and Share RepurchasesIn the first quarter, each of our segments performed well relative to market conditions, especially... More
