Owens Corning (OC) PT Raised to $172 at Evercore ISI

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Go back to Owens Corning (OC) PT Raised to $172 at Evercore ISI

Owens Corning Delivers Net Sales of $2.3 Billion; Generates Net Earnings of $299 Million and Adjusted EBIT of $438 Million

April 24, 2024 6:00 AM EDT

TOLEDO, Ohio--(BUSINESS WIRE)-- Owens Corning (NYSE: OC), a global building and construction materials leader, today reported first-quarter 2024 results.

Reported Net Sales of $2.3 Billion, in-line with Prior Year Generated Net Earnings Margins of 13%, Adjusted EBIT Margins of 19%, and Adjusted EBITDA Margins of 25% Delivered Diluted EPS of $3.40 and Adjusted Diluted EPS of $3.59 Produced Operating Cash Flow of $24 Million and Free Cash Outflow of $128 Million Returned $182 Million to Shareholders through Dividends and Share Repurchases

Owens Corning started the year with first-quarter results that... More

Beacon Appoints Prithvi Gandhi as Executive Vice President and Chief Financial Officer

April 22, 2024 4:30 PM EDT

HERNDON, Va.--(BUSINESS WIRE)-- Beacon (Nasdaq: BECN) announced today the appointment of Prithvi (Prith) Gandhi as Executive Vice President and Chief Financial Officer. Mr. Gandhi will join Beacon on May 1, 2024, and assume his role as Chief Financial Officer on or about May 6, 2024.

This press release features multimedia. View the full... More