Mike Thaman

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Roofing Gains Enable Owens Corning Building Units Profits To Leap in 4Q

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

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