Owens Corning (OC) Misses Q2 EPS by 28c, Slight Miss on Revenues; Offers FY18 Updated Outlook
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Owens Corning Reports Second-Quarter 2018 Results
July 25, 2018 6:30 AM EDTCompany Grew Net Sales by 14% to $1.8 Billion;
Pricing Momentum Expected to Drive Strong Second-Half Performance Improvement,
Resulting in an Adjusted EBIT Outlook of $925 Million to $975 Million for 2018
Insulation grew EBIT by $20 million, despite manufacturing productivity headwinds Roofing produced 19% EBIT margins on strong sequential price improvement Composites declined to $71 million of EBIT on higher manufacturing costs Full-year outlook continues to reflect strong free cash flow conversionTOLEDO, Ohio--(BUSINESS WIRE)-- Owens Corning (NYSE:... More
