Owens Corning (OC) Tops Q4 EPS by 32c
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Owens Corning Finishes Year Strong Delivering Record Full-Year 2021 Results
February 16, 2022 6:00 AM ESTTOLEDO, Ohio--(BUSINESS WIRE)-- Owens Corning (NYSE: OC), a global building and construction materials leader, today reported fourth-quarter and full-year 2021 results.
Reported Net Sales Increase of 20% in 2021 to $8.5 Billion Produced Full-Year Net Earnings of $1.0 Billion Resulting in Diluted EPS of $9.54 Expanded 2021 Adjusted EBITDA Margins to 22% and Adjusted EBIT Margins to 17% Increased Operating Cash Flow to $1.5 Billion and Free Cash Flow to $1.1 Billion in 2021 with Conversion of 112% Returned $678 Million, or 62%, of Free Cash Flow to Shareholders through Dividends and Share Repurchases in... More