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Owens Corning Inc (OC)

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Owens Corning roofing revenue falls 16% on weak storm demand
Nov 5, 2026

Owens Corning roofing revenue falls 16% on weak storm demand

Owens Corning reported a 16% year-over-year decrease in roofing revenue for the third quarter, largely due to lower storm demand and overall challenging residential markets. The company's CEO, Brian Chambers, noted that the current environment is "one of the most challenging residential markets we have seen in years," impacting existing home sales and remodeling activity. Owens Corning anticipates a high-single-digit decline in fourth-quarter roofing revenue as well.
Company relevance
100.00%
Company sentiment
Bearish
Overall sentiment
Bearish