Slow roofing, composite sales cause second cut in annual estimate More
Growth slowed by raw material prices, increased competition, and slow housing starts despite bottom-line rebound More
Owens Corning's Building Materials group reported a 50% increase in earnings before interest and taxes in the first quarter, jumping to $49 million from $30 million in the year-ago period, on an 16.9% sales gain to $919 million. More
Continued robust profits in roofing and break-even returns for insulation enabled Owens Corning's building materials segment to more than quintuple its earnings before interest and taxation (EBIT) to $55 million in the fourth quarter from $9 million in the year-earlier period. Building material sales rose 7.5% to $771 million. More
