US: Owens Corning’s sales of insulation grew by 2% year-on-year to US$1.82bn in the first half of 2023 from US$1.79bn in the same period in 2022. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 9.5% to US$427m from US$390m. The group noted that insulation sales fell year-on-year in the second quarter of 2023 due to lower volumes, although this was partially offset by price rises and changes to its product mix. Overall, the company’s composites sales fell in the first half of 2023, leading to a slight drop in sales to US$4.89bn and a decline of 4% in adjusted EBITDA to US$1.15bn.
