Wednesday, Apr 25, 2018
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Results double at Owens Corning

Owens Corning said yesterday that profits doubled in the second quarter to $67 million from $33 million in the same period last year as a result of a strong housing market, price increases, and heavy demand for roofing shingles in hurricane-ravaged areas of the southern United States.

Sales at the Toledo manufacturer of building materials and fiber glass rose 14 percent to $1.6 billion from $1.4 billion in the second quarter of 2004.

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