Following its decision earlier this year to exit the Russian market, Owens Corning (NYSE:OC) today announced that it has completed the sale of its operations in the country to Umatex, a Russia-based producer of carbon fiber and fiber-based items.
Owens-Corning (NYSE:OC) reported its Q3 earnings results on Wednesday, October 26, 2022 at 06:00 AM.
Here's what investors need to know about the announcement.
Earnings
Owens-Corning beat estimated earnings by 11.21%, reporting an EPS of $3.57 versus an estimate of $3.21.
Tight industry capacity is allowing Owens Corning (NYSE: OC) to “continue to push through pricing” in roofing and insulation, according to BofA Securities.