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News Owens Corning grows sales and earnings in first half 2024

Owens Corning grows sales and earnings in first half 2024

Written by Global Insulation staff
08 August 2024
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US: Owens Corning’s sales were US$5.09bn in the first half of 2024, up by 4% year-on-year from US$4.89bn in the first half 2023. The company's adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) for the period was US$1.31bn, up by 14% from US$1.15bn one year previously.

Chair and CEO Brian Chambers said "Owens Corning delivered another outstanding quarter, generating strong margins and cash flow while completing the acquisition of Masonite and continuing our review of glass reinforcements. Through our talented people and highly valued customer partnerships, we continue to outperform the market as we transform and grow into an even stronger residential and commercial building products company for the future."

Published in Global Insulation News
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