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Recap: Owens-Corning Q3 Earnings

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Benzinga Insights
·1 min read
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Shares of Owens-Corning (NYSE:OC) were flat in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 4.29% over the past year to $1.70, which beat the estimate of $1.28.

Revenue of $1,904,000,000 rose by 1.12% from the same period last year, which beat the estimate of $1,800,000,000.

Guidance

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

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

How To Listen To The Conference Call

Date: Oct 28, 2020

View more earnings on OC

Time: 09:00 AM

ET Webcast URL: https://services.choruscall.com/links/oc201028.html

Recent Stock Performance

Company's 52-week high was at $76.60

52-week low: $28.56

Price action over last quarter: Up 12.37%

Company Profile

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.

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