Owens Corning exceeded Q3 2024 estimates with strong earnings and net sales, driven by strategic shifts to high-margin products and divestments, achieving $4.38 EPS, $3.05B in sales, and improved cash flow despite market challenges. 

Shipment numbers for shingles, BUR and modified bitumen have shrank when comparing the third quarter to Q2 2024, according to the latest report from the Asphalt Roofing Manufacturers Association.

Owens Corning reported Q2 earnings of $4.64 per share, beating estimates and up 10% from the same period a year earlier.  

The latest report from the Asphalt Roofing Manufacturers Association shows supply chain issues are still working themselves out amidst inflation, interest rates and labor shortages.

Tesla's year-over-year solar deployments dropped by nearly 40%, though its energy storage deployments saw massive increases.

Carlisle Companies, the diversified behemoth whose construction materials division is a major player in the roofing and building industries, reported lower-than-expected earnings for the first quarter of 2023.

Investors smiled after Owen Corning released its Q1 2023 numbers, beating expectations and returning $183 million to shareholders during the first three months of this year. 

Tesla saw a year-over-year increase to its solar deployment, but quarterly comparisons tell a different story.

Every category of asphalt roofing products saw massive declines in shipments in the final quarter of 2022, according to ARMA.

The decreases are similar to what the industry experienced the same time last year.