Owens Corning (OC) Tops Q1 EPS by 26c
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Owens Corning Reports First-Quarter 2017 Results
April 26, 2017 7:30 AM EDTCompany Grows Net Sales by 20% and Net Earnings by 77%
Company grew adjusted EBIT by 45% Roofing produced EBIT of $125 million, with EBIT margins of 20% Composites delivered record first-quarter EBIT of $71 million, with EBIT margins of 14% Insulation resumed revenue growth and generated EBIT of $5 millionTOLEDO, Ohio--(BUSINESS WIRE)-- Owens Corning (NYSE: OC) today reported consolidated net sales of $1.5 billion in first-quarter 2017, compared with net sales of $1.2 billion in first-quarter 2016, an increase of 20%.
First-quarter 2017 net earnings... More
