Ceramic Industry News

Owens Corning Reports Increased Second Quarter Results

August 17, 2010
/ Print / Reprints /
/ Text Size+

Owens Corning reported that consolidated net sales increased 13% to $1.4 billion in the second quarter of 2010, compared with $1.2 billion in last year’s second quarter. Second quarter adjusted earnings were $73 million, or $0.57 per adjusted diluted share, compared with $62 million, or $0.49 per adjusted diluted share, in the second quarter of 2009. Net earnings were $937 million, or $7.33 per diluted share, in the second quarter 2010, compared with net earnings of $33 million, or $0.26 per diluted share, in the second quarter of last year.

Increased global demand in Composites supported improved capacity usage and the business demonstrated significant operating leverage during the quarter. Strong Roofing results highlighted performance in the Building Materials segment, while Insulation losses narrowed despite continued weakness in the U.S. housing market.

“The strength and diversity of our business portfolio produced another great quarter,” said Mike Thaman, chairman and CEO. “Composites demonstrated operating leverage on improved sequential demand. Roofing continued its strong margin performance despite weakness in volumes late in the quarter that have persisted through July.”

Additional details are available at www.owenscorning.com.

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.



Image Galleries

April 2014 Issue Highlights

Our April 2014 issue is now available!


Sapphire: An Extreme Performer

Ian Doggett of Goodfellow and CI Editor Susan Sutton discuss the benefits and opportunities provided by industrial sapphire.

More Podcasts

Ceramic Industry Magazine

CI July 2014

2014 July

Our annual Data Book & Buyers' Guide is your best resource for suppliers of materials and equipment for the ceramic, glass, brick and related industries. Check it out!

Table Of Contents Subscribe


M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!


facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px