Owens Corning Has Fourth Quarter Loss

Owens Corning Inc. had net earnings of $124 million in the fourth quarter of 2022, a decrease of 45 per cent versus net earnings of $227 million in the fourth quarter of 2021. Net sales were $2.3 billion for the quarter, an increase of seven per cent compared to $2.1 billion in the prior-year period. Composites net sales decreased three per cent to $589 million year-over-year; insulation net sales increased 11 per cent; and roofing net sales increased 12 per cent.