Owens Corning What’s Next?

Owens Corning (OC) reported excellent Q3 results. Net sales were up 28. Earnings almost doubled. The company attributed the very good news primarily to a strong performance in the Roofing and Asphalt and Composites businesses.

According to Mike Thaman, chairman and chief executive officer. "The integration of our composites acquisition is on track. We are exceeding our year-one synergy goals. Our Roofing and Asphalt business has improved performance with a streamlined asset base, significant productivity and an improved product mix.

They claim of course that with the difficult economy any product area driven by housing will face tough times. The question facing shareholders will be how will sales and profits be driven once the roofing and asphalt division has completed its integration. It does sound like the strategic moves have paid off.

But what is next? They cannot continue to rely on integration efforts>