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6th November 2018, Toledo, OH

Owens Corning reports significant commercial progress

Owens Corning develops, manufactures, and markets insulation, roofing, and fiberglass composites. © Owens Corning Owens Corning, a manufacturer of insulation, roofing, and fiberglass composites, has reported consolidated net sales of US$ 1.8 billion in third-quarter 2018, compared with net sales of US$ 1.7 billion in third-quarter 2017, an increase of 7%.

Third-quarter 2018 net earnings attributable to Owens Corning were US$ 161 million, compared with US$ 96 million during the comparable quarter in 2017. Third-quarter 2018 adjusted earnings were US$ 171 million, compared with US$ 141 million during the same period one year ago. Reported earnings before interest and taxes (EBIT) for third-quarter 2018 were US$ 259 million. Adjusted EBIT in third-quarter 2018 was US$ 267 million. Composites generated EBIT in line with prior year, and margins of 13%.

Read the full article on our Inside Composites website

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