Owens Corning (OC) reported that its first quarter net earnings from continuing operations to company declined to $255 million from $278 million, prior year. Earnings per share was $2.95 compared to $3.16. Adjusted EBITDA increased to $565 million from $515 million. Adjusted profit per share from continuing operations declined to $2.97 from $3.40. Net sales from continuing operations were $2.5 billion, a 25% increase from last year.
For the second-quarter, Owens Corning expects revenue from continuing operations to grow high-single-digit percent. The enterprise is expected to generate adjusted EBITDA margin from continuing operations of low-to-mid 20 percent.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.