Owens Corning (OC) Tops Q2 EPS by 69c
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Owens Corning Reports Second-Quarter 2020 Results
July 29, 2020 6:00 AM EDTCompany Delivered Net Sales of $1.6 Billion
Company delivered solid quarterly results in a challenging environment Roofing produced $148 million of EBIT on strong shingle demand Insulation delivered $32 million of EBIT on recovering new residential construction Composites generated $6 million of EBIT on disciplined cost control Continued strong operating cash flow of $281 million; total liquidity increased to about $1.5 billionTOLEDO, Ohio--(BUSINESS WIRE)-- Owens Corning (NYSE: OC) today reported consolidated net sales of $1.6 billion in second-quarter 2020, compared with $1.9 billion in second-quarter 2019, a decrease of... More
