US: Owens Corning’s net sales fell by 1% year-on-year to US$7.37bn in the first nine months of 2023 from US$7.48bn in the same period in 2023. Its adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) decreased slightly to US$1.80bn. Its net sales from its insulation division fell year-on-year in the third quarter of 2023 due to lower volumes in both the North American residential insulation and technical and global insulation businesses. However, the company said that price rises partially offset this.
