Owens Corning (OC) Tops Q1 EPS by 41c
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Owens Corning Delivers Record Net Sales of $2.3 Billion, Generates Net Earnings of $304 Million and Adjusted EBIT of $417 Million
April 27, 2022 6:00 AM EDTTOLEDO, Ohio--(BUSINESS WIRE)-- Owens Corning (NYSE: OC), a global building and construction materials leader, today reported first-quarter 2022 results.
Reported Net Sales Increase of 23% to $2.3 Billion Expanded Adjusted EBITDA Margins to 23% and Adjusted EBIT Margins to 18% Delivered Diluted EPS of $3.03 and Adjusted Diluted EPS of $2.84 Generated Operating Cash Flow of $158 Million and Free Cash Flow of $51 Million Returned $264 Million of Free Cash Flow to Shareholders through... More