Owens Corning Reports Q4 EPS of $0.23 vs. $0.19

Owens Corning OC today reported consolidated net sales of $5.0 billion, a 4-percent increase from net sales of $4.8 billion in 2009. Fourth-quarter 2010 adjusted earnings were $29 million, or $0.23 per diluted share, compared with $1 million, or $0.01 per diluted share, one year ago. Net loss in the fourth quarter of 2010 totaled $110 million, or $0.89 per diluted share, compared with a net loss of $21 million, or $0.17 per diluted share, in 2009. Full-year and fourth-quarter results were both impacted by impairments associated with the sale of the North American Masonry Products business, as well as certain tax-related items.