Owens Corning 4Q Sales Beats Wall Street's Forecast

Dow Jones

Feb 24, 2025

By Denny Jacob

Owens Corning logged higher-than-expected sales in its latest quarter and forecast continued growth in the current quarter.

The building materials company posted a loss of $258 million, or $2.97 a share, compared to earnings of $131 million, or $1.46 a share, a year earlier.

Stripping out certain one-time items, earnings came in at $3.22 a share. Analysts polled by FactSet expected $2.91 a share.

Sales rose to $2.84 billion from $2.30 billion. Analysts polled by FactSet expected $2.77 billion.

Chief Executive Brian Chambers said the company's efforts to focus on building products in North America and Europe helped lead to a transformative year. Owens' next areas of focus would be detailed at its next investor day in May, he added.

Owens forecast revenue from continuing operations to grow mid-20% in the first quarter.

Among the factors that influences its outlook, the company said it expects near-term demand for non-discretionary repair activity to remain stable as the year begins while residential new construction and remodeling is expected to remain soft.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

February 24, 2025 06:23 ET (11:23 GMT)

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Owens' next areas of focus would be detailed at its next investor day in May, he added.Owens forecast revenue from continuing operations to grow mid-20% in the first quarter.Among the factors that influences its outlook, the company said it expects near-term demand for non-discretionary repair activity to remain stable as the year begins while resid","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"GLW":"康宁","OC":"欧文斯科宁"},"translate_title":"欧文斯科宁第四季度销售额超出华尔街预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GLW":1,"OC":0.9},"content_text":"By Denny Jacob \n\n\n \n\n\n  Owens Corning logged higher-than-expected sales in its latest quarter and forecast continued growth in the current quarter. \n\n\n  The building materials company posted a loss of $258 million, or $2.97 a share, compared to earnings of $131 million, or $1.46 a share, a year earlier. \n\n\n  Stripping out certain one-time items, earnings came in at $3.22 a share. Analysts polled by FactSet expected $2.91 a share. \n\n\n  Sales rose to $2.84 billion from $2.30 billion. Analysts polled by FactSet expected $2.77 billion. \n\n\n  Chief Executive Brian Chambers said the company's efforts to focus on building products in North America and Europe helped lead to a transformative year. Owens' next areas of focus would be detailed at its next investor day in May, he added. \n\n\n  Owens forecast revenue from continuing operations to grow mid-20% in the first quarter. \n\n\n  Among the factors that influences its outlook, the company said it expects near-term demand for non-discretionary repair activity to remain stable as the year begins while residential new construction and remodeling is expected to remain soft. \n\n\n \n\n\n  Write to Denny Jacob at denny.jacob@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 24, 2025 06:23 ET (11:23 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}