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Owens Corning announces higher net earnings of USD138m for Q2 2019.

M2 EQUITYBITES-July 25, 2019-Owens Corning announces higher net earnings of USD138m for Q2 2019

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Insulation & roofing company Owens Corning (NYSE:OC) announced on Wednesday net earnings of USD138m, or USD1.26 per diluted share, for the second quarter of 2019.

This reflects an improvement when compared with net earnings of USD121m, or USD1.08 per diluted share, in the second quarter of 2018.

Adjusted earnings before interest and taxes (EBIT) were USD231m, an increase from EBIT of USD214m a year ago.

Consolidated net sales of USD1.9bn were recorded for the second quarter, up 5% over consolidated net sales of USD1.8bn in Q2 2018.

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Publication:M2 EquityBites (EQB)
Article Type:Financial report
Date:Jul 25, 2019
Words:124
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