Owens Corning Reported Modest Beat, Despite Broader Headwinds
<p><a href='https://financialmodelingprep.com/financial-summary/OC'>Owens Corning (NYSE:OC) </a>reported impressive Q3 results, with revenue coming in at $2.2 billion (+2% vs. Street) and adjusted diluted EPS of $2.52 (+2% vs. Street).</p>
<p>According to the analysts at Berenberg Bank, quarterly results were, for the most part, broadly in line with the company’s initial expectations communicated during its Q2 call, despite accelerating inflationary trends and widely flagged supply shortages/bottlenecks during Q3. However, the concern remains whether the company will experience some demand normalization heading into next year, which the analysts believe has driven the recent de-rating. Consequently, the analysts believe it is crucial for management to outline how the company plans to build upon its 2021 performance in its upcoming Investor Day and whether the company can offset normalizing demand with other strategic initiatives/new growth avenues.</p>

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