Surpassing expectations, stock still drops more than 10%, slowly recovering but still down at end of trading on Friday; roofing remains a bright spot in company financials
Owens Corning's Q3 2023 report showed mixed results, with net sales matching last year at $2.5 billion and earnings surpassing estimates, but sales declining over 1.5%; roofing remains a bright spot.
Bristol, Pa.-based LB Capital recently unified three family-owned roofing firms, including Munz Roofing and Siding, Jim Rhubart Roofing, and Only the Best Builder, into a new entity, solidifying its presence in the competitive Northeast market.
The Roofing Alliance is hosting a fundraising reception in Nashville on Nov. 9 to support the Melvin Kruger Scholarship Fund, seeking to raise $400,000 for an eventual $2 million endowment.
Tesla's solar products experienced additional declines in Q3 2023, though its energy storage is once again booming, according to the company's latest earnings report.
The Occupational Safety and Health Administration on announced its most frequently cited workplace safety standards for fiscal year 2023, with number one being the most frequent cause of injury and death in roofing.