Owens Corning (OC) PT Raised to $182 at Argus
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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 EDTTOLEDO, 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 RepurchasesOwens Corning started the year with first-quarter results that... More
