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OC's fourth-quarter results reflect a disciplined approach to capital allocation, operational excellence and market expansion.
Owens Corning (OC) shares fell 4% Monday as the maker of insulation and other building materials saw a drop in demand for its legacy products and warned of business headwinds in both North America and Europe.
The headline numbers for Owens Corning (OC) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Owens Corning (OC) came out with quarterly earnings of $3.22 per share, beating the Zacks Consensus Estimate of $2.87 per share. This compares to earnings of $3.21 per share a year ago.
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC), a residential and commercial building products leader, today reported fourth-quarter and full-year 2024 results. Reported Net Sales of $11.0 Billion, a 13% Increase from Prior Year, with Newly Acquired Doors Business Contributing $1.4 Billion in Revenue Generated Net Earnings Margin of 6%, Adjusted EBIT Margin of 19%, and Adjusted EBITDA Margin of 25% Delivered Diluted EPS of $7.37 and Adjusted Diluted EPS of $15.91 Produced Operating Cas.
Owens Corning OC will release its fourth-quarter financial results after the closing bell on Monday, Feb. 24.
Owens Corning (OC) closed the most recent trading day at $174.13, moving -1.96% from the previous trading session.
Besides Wall Street's top -and-bottom-line estimates for Owens Corning (OC), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.
OC refines its portfolio, boosting its focus on building products with a $755 million sale of glass reinforcements.
Construction equipment maker Owens Corning said on Friday it has agreed to sell its glass reinforcements business to India-based Praana Group in a deal valued at $755 million.