Owens Corning (OC) Tops Q4 EPS by 8c, Beats on Revenues

Owens Corning (NYSE: OC) reported Q4 EPS of $1.11, $0.08 better than the analyst estimate of $1.03. Revenue for the quarter came in at $1.6 billion versus the consensus estimate of $1.52 billion.

• Fourth-quarter 2017 net loss attributable to Owens Corning was $4 million, or $0.04 per diluted share, compared with net earnings of $86 million, or $0.76 per diluted share, during the comparable quarter in 2016.
• Fourth-quarter 2017 adjusted earnings were $125 million, or $1.11 per diluted share, compared with $81 million, or $0.72 per diluted share, during the same period one year ago.
• Company delivered $289 million of net earnings and record adjusted EBIT of $855 million
• Roofing produced revenue of $2.6 billion and EBIT of $535 million
• Composites posted EBIT of $291 million, a fifth consecutive year of improved performance
• Insulation increased revenue by 14% and delivered EBIT of $177 million, up 40%
• Completed acquisition of Paroc Group on February 5, 2018

For earnings history and earnings-related data on Owens Corning (OC) click here.

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