Market Overview

Owens-Corning: Q2 Earnings Insights

Share:

Shares of Owens-Corning (NYSE:OC) rose 3.1% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 32.82% year over year to $0.88, which beat the estimate of $0.14.

Revenue of $1,625,000,000 declined by 15.28% from the same period last year, which beat the estimate of $1,520,000,000.

Guidance

Owens-Corning hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Jul 29, 2020

Time: 09:00 AM

ET Webcast URL: https://services.choruscall.com/links/oc200729.html

Recent Stock Performance

52-week high: $68.72

52-week low: $28.56

Price action over last quarter: Up 41.26%

Company Overview

Owens Corning is a leading manufacturer of glass fiber utilized in composites and building materials. The Ohio-based company operates three reporting segments: composites, insulation, and roofing; each segment accounts for about one third of Owens Corning's consolidated sales. The company's end-market exposure breaks down as follows: 34% U.S. repair and remodel, 13% U.S. new residential construction, 19% U.S. commercial and industrial, and 34% international. Owens Corning emerged from asbestos-liability-related bankruptcy in 2006.

 

Related Articles (OC)

View Comments and Join the Discussion!

Posted-In: Earnings News

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com