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Sep 30, 2020
Owens Corning Q3 2020 Earnings Report
Company delivered net sales and posted strong net earnings.
Key Takeaways
Owens Corning reported consolidated net sales of $1.9 billion in Q3 2020, a 1% increase compared to Q3 2019. Net earnings attributable to Owens Corning were $206 million, or $1.88 per diluted share, compared to $150 million, or $1.36 per diluted share, in Q3 2019. Adjusted EBIT was $289 million, compared with $277 million in 2019.
Company achieved strong financial results in improving markets
Roofing generated $196 million of EBIT with 26% EBIT margins
Insulation delivered $73 million of EBIT with 11% EBIT margins
Composites produced $55 million of EBIT with 11% EBIT margins
Owens Corning
Owens Corning
Owens Corning Revenue by Segment
Revenue by Segment
Roofing Revenue
CapyFin.comInsulation Revenue
CapyFin.com Forward Guidance
The company expects to continue to capitalize on near-term market demand, control costs, and sustain strong conversion of adjusted earnings into free cash flow as residential, commercial, and industrial markets recover.
Revenue & Expenses
Visualization of income flow from segment revenue to net income