Owens Corning reports 15% sales increase

Glass fiber composite specialist Owens Corning said that it had net sales in 2022 of US$9.8 bn, an increase of 15% over 2021 figures of US$8.5 bn.

In the same period, the company’s composite business recorded net sales of US$2.7 bn, a 14% increase. However, in Q4, composites net sales decreased 3% to US$589 million compared to Q4 2021.

Q4 2022 net sales for the whole company were US$2,3 bn, up from US$2.1 bn in Q4 2021.

“While we anticipate our markets in 2023 will be more challenging, we remain focused on outperforming the market and delivering value for our shareholders,” said chairman and CEO Brian Chambers.