Owens Corning Expects Q2 Net Sales To Be Stable Y/Y, While Generating About 20% EBIT Margins For Its Existing Businesses
Portfolio Pulse from Benzinga Newsdesk
Owens Corning anticipates its Q2 net sales to remain stable year-over-year, with an expected EBIT margin of approximately 20% for its existing businesses.
April 24, 2024 | 10:07 am
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Owens Corning expects Q2 net sales to be stable year-over-year, targeting around 20% EBIT margins for its existing businesses.
The expectation of stable net sales year-over-year combined with a significant EBIT margin target suggests operational efficiency and effective cost management. This outlook could positively influence investor sentiment towards Owens Corning, potentially leading to an uptick in its stock price in the short term.
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