Owens Corning has reported full year net sales of US$7.1 billion, a decrease of 1% compared with 2019.
According to the company, Q4 2020 consolidated net sales were US$1.9 billion, an increase of 14% compared with Q4 2019.
Full-year 2020 net loss attributable to the company was US$383 million, while net earnings attributable to Owens Corning were US$405 million in 2019.
The company’s Composite segment reported net sales of US$547 million, up from US$480 million, while full year net sales were US$1,960 million, down from US$2,059 in 2019.
‘Our global team demonstrated great flexibility and resolve to deliver strong financial results in an unprecedented year,’ said CEO Brian Chambers. ‘These results showed the strength of our businesses and the earnings power of our company. In 2021, we will continue to focus on the health and safety of our teams, serving the needs of our customers, and positioning the company for long-term success.’
This story uses material from Owens Corning, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.