Owens Corning reports 1Q 2014 results: net sales down 5% on weakness in roofing, offset by gains in composites and insulation
TOLEDO, OH, April 23, 2014-
Owens Corning (NYSE: OC) today reported consolidated net sales of $1.28 billion in the first quarter of 2014, down slightly from $1.35 billion in 2013.
First-quarter 2014 adjusted earnings were $35 million, or $0.29 per diluted share, flat with adjusted earnings of $35 million, or $0.29 per diluted share, in 2013. Net earnings in the first quarter of 2014 were $120 million, or $1.01 per share, compared to net earnings of $22 million, or $0.18 per diluted share last year. (See Table 3 for a discussion and reconciliation of these items.)
Nonwovens Markets subscribers - click here to read the full article.
Not a subscriber?
Newsletter TODAY!
Subscribe