Owens Corning (OC) Tops Q1 EPS by 30c, Revenues Beat

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Go back to Owens Corning (OC) Tops Q1 EPS by 30c, Revenues Beat

Owens Corning Reports First-Quarter 2021 Results

April 28, 2021 6:00 AM EDT

Company Delivered Net Sales of $1.9 Billion; Generated Net Earnings of $210 Million and Adjusted EBIT of $282 Million

Delivered record first quarter net sales, net earnings and adjusted EBIT

Roofing produced $156 million of EBIT with 22% EBIT margins

Insulation delivered $82 million of EBIT with 12% EBIT margins

Composites reported $79 million of EBIT with 14% EBIT margins

Generated operating cash flow of $204 million and free cash flow of $120 million

TOLEDO, Ohio--(BUSINESS WIRE)--

Owens Corning (NYSE: OC) today reported consolidated net sales of $1.9 billion, an increase of 20% compared... More