Published on 25 Apr 2024 on Zacks via Yahoo Finance
Owens Corning (OC) Q1 Earnings & Net Sales Beat, Stock Down
Owens Corning OC reported impressive results in first-quarter 2024, with earnings and net sales surpassing the Zacks Consensus Estimate. Earnings increased on a year-over-year basis despite a net sales decline. Sales declined due to lower sales volumes in the Insulation and Composites segments.Owens Corning's shares dropped 1.4% on Apr 24 after the earnings release.
Inside the Headlines
The company reported adjusted earnings per share (EPS) of $3.59, which topped the consensus mark of $3.04 by 18.1% and increased 28% from $2.80 a year ago.