Owens Corning Reports Strong Fourth-Quarter Performance to Close Out a Record 2017
Owens Corning turned in a nice fourth quarter as consolidated revenue grew 16% year over year to $1.61 billion (versus $1.52 billion consensus), adjusted operating margin expanded approximately 200 basis points to 13.4%, and adjusted EPS increased 54% to $1.11 (versus $1.04 consensus). The no-moat manufacturer of insulation, roofing, and composites products recorded full-year revenue of $6.38 billion, up 12% versus 2016, and generated a record $855 million of adjusted operating income, and a rec...
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