Owens Corning sees Q2 net sales in line with last year

The key economic factors that impact the company’s business are residential repair and remodeling activity, U.S. housing starts, global commercial construction activity, and global industrial production. Owens Corning expects its North American building and construction markets to remain favorable, with good demand for its products in the near-term. Outside North America, macroeconomic trends and geopolitical tensions continue to result in slow global economic growth. For the Q2, the company expects overall performance to result in net sales in line with Q2, while generating approximately 20% EBIT margins for its existing businesses.