Surpassing expectations, stock still drops more than 10%, slowly recovering but still down at end of trading on Friday; roofing remains a bright spot in company financials
Owens Corning's Q3 2023 report showed mixed results, with net sales matching last year at $2.5 billion and earnings surpassing estimates, but sales declining over 1.5%; roofing remains a bright spot.
Owens Corning is touting its progress toward a "circular shingle economy" through recycling efforts, including partnering with the National Center for Asphalt Technology to study the use of recycled shingles in asphalt pavement.
The new OCU experience enhances owner capabilities, provides new educational material, and encourages ongoing learning through modular paths to help support their training investment.
Bone Dry Roofing teamed up with Owens Corning to provide a Nashville first responder with a new roof free of charge as a way of thanking them for their tireless efforts.
With roughly 40% of its business coming from referrals, Lifetime Quality Roofing is proving that a concentration on internal processes leads to growth and success.