2024-05-03 06:49:38 ET
Summary
- Owens Corning's revenue growth has been decelerating, but profitability margins have been expanding annually.
- In 1Q24, net sales fell 1% year-over-year due to lower sales volume in its insulation and composites segment. However, margins improved compared to the previous period.
- The acquisition of Masonite is expected to expand OC's market leadership in branded residential building products.
- Additionally, a strategic review of its glass reinforcement business is underway as part of its move to strengthen its market position.
Synopsis
Owens Corning ( OC ) specializes in building and construction materials. Its business can be segmented into roofing, insulation, and composites....
Read the full article on Seeking Alpha
For further details see:
Owens Corning: Pressure From Composites Segment