Owens Corning First Quarter Sales Flat
Owens Corning recently reported consolidated net sales of $1.28 billion in the first quarter of 2014, down slightly from $1.35 billion in 2013. First quarter 2014 adjusted earnings were $35 million, flat with adjusted earnings of $35 million.
“Our first quarter 2014 performance was led by continued improvement in Insulation and Composites, which offset the impact of weaker-than-expected roofing volumes,” said Mike Thaman, chairman and CEO. “We anticipate the performance of our Roofing business to improve throughout the balance of the year. The current outlook for our markets and the momentum in our Insulation and Composites businesses support another strong year of earnings growth.”
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