Owens Corning Expects Q3 Net Sales Growth Of Low To 20%
Portfolio Pulse from Benzinga Newsdesk
Owens Corning expects Q3 2024 net sales growth of low-20 percent, driven by stable legacy business revenue and a full quarter of revenue from the Doors segment. The company anticipates EBIT margin in the high teens and EBITDA margin in the low-20 percent range.
August 06, 2024 | 10:03 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Owens Corning expects Q3 2024 net sales growth of low-20 percent, driven by stable legacy business revenue and a full quarter of revenue from the Doors segment. EBIT margin is anticipated in the high teens and EBITDA margin in the low-20 percent range.
The projected net sales growth of low-20 percent and strong EBIT and EBITDA margins indicate positive financial performance for Owens Corning. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100