Seeking Alpha

Owens Corning misses, keeps full year EBIT guidance

  • Owens Corning (OC) misses on both lines for Q3 as revenues are basically flat Y/Y ($1.32B versus $1.28B).
  • Adjusted earnings rise 57.5% Y/Y.
  • Segment sales growth: Composites, -1%; Building Materials, +5% (roofing sales flat at $471M, insulation sales rise 12% to $431M).
  • Outlook: Full year EBIT +$100M, roofing shipments down mid-single digits, composites EBIT consistent with 2012. (PR)
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|