Owens Corning First Quarter Sales Up 20 Per Cent

Owens Corning had consolidated net sales of $1.9 billion for the first quarter of 2021, an increase of 20 per cent compared to net sales of $ 1.6 billion in the first quarter of 2020. Net earnings for the quarter were $210 million compared to a net loss of $917 million in the year-ago period. Adjusted earnings were $183 million compared to $67 million. Net sales for the composites segment were up 13 per cent year-over-year; net sales for the insulation segment were up 16 per cent; and net sales for the roofing segment were up 28 per cent.