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| Owens Corning reports 1Q 2010 results Owens Corning, the largest US maker of insulation, reported that consolidated net sales increased 18 percent to $1.3 billion in the first quarter of 2010, compared with $1.1 billion in the first quarter of 2009. Owens Corning's first-quarter 2010 adjusted earnings were $53 million, or $0.42 per adjusted diluted share, compared with $5 million, or $0.04 per adjusted diluted share, in the first quarter of 2009. The Company's first-quarter 2010 net earnings were $48 million, or $0.38 per diluted share, compared with a net loss of $28 million, or a loss of $0.23 per diluted share, in the first quarter of 2009. EBIT for the quarter ended March 31, 2010, was $83 million compared with an EBIT loss of $18 million during the same period in 2009. Adjusted EBIT in the first quarter of 2010 was $97 million, compared with $32 million in the first quarter of 2009. Owens Corning expects that the Company's 2010 adjusted EBIT could be as high as $450 million. write your comments about the article :: © 2010 Construction News :: home page |