Equity Research on Owens Corning and USG Corp. - Mixed Results for General Building Materials Industry
September 02 2011 - 8:35AM
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Weak new home sales continue to weigh on the general building
materials industry, but some companies are still posting impressive
revenues. Get your free reports on Owens
Corning and USG Corp. at
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Owens Corning grew its second quarter revenues 7% to $1.5
billion thanks in part to improved roofing and composite sales.
Heavy storm activity in the first half of the year led to an uptick
in demand for roofing products. Roofing revenues for the company
climbed roughly 13% to $645 million. Owens
Corning report is accessible for free by registering today at
http://www.shinesrooms.com/OwensCorning020911.pdf.
Wallboard suppliers like USG Corp. have not been as fortunate
and have been hit harder by depressed new home sales. Most general
building material suppliers have also seen margins pressured by
rising commodity costs. USG Corp. report is
accessible for free by registering today at
http://www.shinesrooms.com/USGCorp020911.pdf.
Moving forward, barring a significant turnaround in the
homebuilding market, many companies will continue to struggle to
grow revenues. Building material suppliers with a more diversified
product line should be able to weather the housing downturn and
grow revenues out of some segments.
The two General Building Materials stocks
research reports are available for free by signing up now on
www.shinesrooms.com.
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