2023-04-26 06:03:37 ET
- Owens Corning press release ( NYSE: OC ): Q1 Non-GAAP EPS of $2.77 beats by $0.55 .
- Revenue of $2.3B (flat Y/Y) beats by $80M .
- For second-quarter 2023, the company expects a moderate decline in net sales, versus the comparable quarter in the prior year, while continuing to generate mid-teen EBIT margins.
- FY23 Guidance: General Corporate Expenses of $195 million to $205 million, Interest Expense of $95 million to $105 million, Capital Additions of Approximately $520 million, Cash Tax Rate on Adjusted Earnings 26% to 28%.
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Owens Corning Non-GAAP EPS of $2.77 beats by $0.55, revenue of $2.3B beats by $80M