Owens Corning Forecasts Q4 Revenue Between $2B and $2.2B Amid Market Headwinds
Owens Corning (NYSE: OC) has provided its financial outlook for the fourth quarter, projecting revenue in the range of $2 billion to $2.2 billion. The company expects an adjusted EBITDA margin of approximately 10% to 12% as it navigates a complex macroeconomic environment. CEO Brian Chambers noted that performance is being pressured by challenging conditions in the residential market, characterized by low storm activity for the second consecutive year. Additionally, the company is facing rising costs related to transportation and raw input materials, which continue to impact overall margins.
Tickers: $OC
Topics: earnings report input costs macroeconomic headwinds residential market conditions
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