OC - Owens Corning Credits Margin Expansion Enhanced Product Lineup For Q1 Performance | Benzinga
Owens Corning Inc (NYSE:OC) reported a first-quarter fiscal 2024 net sales decline of 1% year-over-year to $2.3 billion, beating the consensus of $2.28 billion.
- Sales by segments: Composites $523 million (-11% Y/Y), Insulation $904 million (-2% Y/Y), and Roofing $957 million (+7% Y/Y).
- Adjusted EPS was $3.59, up from $2.80 a year ago, above the consensus of $3.08.
- Adjusted EBIT increased 21.3% Y/Y to $438 million, with margin expanding to 19% from 15% prior year quarter.
- Adjusted EBITDA rose by ...