(RTTNews) - 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.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
