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Owens Corning records earnings decline in 2017

Owens Corning has reported full-year 2017 net earnings were US$ 289 million, versus net earnings of US$ 393 million during 2016.

21st February 2018

Innovation in Textiles
 |  Toledo, OH

Construction, Civil Engineering

The company also reported consolidated net sales of US$ 1.6 billion in fourth-quarter 2017, compared to US$ 1.4 billion in fourth-quarter 2016, an increase of 16%. Full-year 2017 consolidated net sales were US$ 6.4 billion, versus US$ 5.7 billion in 2016. Fourth-quarter 2017 net loss attributable to Owens Corning was US$ 4 million, compared to net earnings of US$ 86 million during the comparable quarter in 2016. Fourth-quarter 2017 adjusted earnings were US$ 125 million, compared to US$ 81 million during the same period one year ago.

Read the full article on our Inside Composites website

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