Owens Corning (OC) PT Raised to $139 at Jefferies
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Owens Corning Reports Second-Quarter 2021 Results
July 28, 2021 6:00 AM EDTCompany Delivered Record Net Sales of $2.2 Billion;
Net Earnings of $298 Million and Record Adjusted EBIT of $408 Million
Delivered adjusted EBIT margins of 18%, with all three businesses continuing to post double-digit EBIT margins for a fourth consecutive quarter Roofing produced $234 million of EBIT with 26% EBIT margins Insulation delivered $112 million of EBIT with 14% EBIT margins Composites reported $98 million of EBIT with 17% EBIT margins Generated operating cash flow of $498 million and free cash flow of $405 millionTOLEDO, Ohio--(BUSINESS WIRE)-- Owens Corning (NYSE:... More
