+++Central Florida Roofing Review Central Florida Roofing+++
GO HERE NOW FOR FREE ROOF INSPECTION http://centralflorida-roofing.com/ Just how do I recognize if I had hailstorm or wind harm to my roofing? If you have actually had hail in your location,...
By: Mike Coe
Link:
+++Central Florida Roofing Review Central Florida Roofing+++ - Video
Commercial Roofing | Appleton, WI -- Motto Sons Construction
For the best in commercial roofing for your Appleton property, call Motto Sons today at 920-725-5803 or visit us online at http://www.mottoandsonsconstruction.com. About Motto Sons Constructi...
By: Hib Wisconsin
Follow this link:
Commercial Roofing | Appleton, WI -- Motto & Sons Construction - Video
+++Roofing Astatula Florida Review Roofing Astatula Florida+++
We are an insurance claims restoration contractor referral service for Astatulal Florida. Our contractors know how to help guide you through the insurance claims process. Their knowledge and...
By: Mike Coe
Read the original here:
+++Roofing Astatula Florida Review Roofing Astatula Florida+++ - Video
Fort Lauderdale Roofing - Roofers in Fort Lauderdale -Tiger Team Roofing
http://www.tigerteamroofing.com - 954-801-7663 At Tiger Team Roofing, Fort Lauderdale #39;s premier roofing contractors, talk to you directly about wall flashing...
By: Tiger Team Roofing
Read the rest here:
Fort Lauderdale Roofing - Roofers in Fort Lauderdale -Tiger Team Roofing - Video
Houston Roofing -- Need Help? Call Today! 713-999-4590
Call 713-999-1590 for a Houston roofing company that will respond quickly and professionally to your roofing emergency, 24/7 throughout the Houston area. We are here to help by providing fast,...
By: HoustonRoofer1
See the original post:
Houston Roofing -- Need Help? Call Today! 713-999-4590 - Video
Flat Roofing Services Central Alberta|780.800.7295|Flat Roofing Service Edmonton Region
http://edmontonflatroofer.com/ (780) 800-7295 Edmonton Flat Roofer - Give us a call to find out the cost for flat roof replacement. Residential or smaller Commercial or Industrial, we...
By: Edmonton Flat Roofer
See the rest here:
Flat Roofing Services Central Alberta|780.800.7295|Flat Roofing Service Edmonton Region - Video
Published: Saturday, 6/21/2014 - Updated: 2 days ago
BY TYREL LINKHORN BLADE BUSINESS WRITER
Shares of Owens Corning slipped 6 percent Friday after the Toledo-based company cautioned earnings are likely to be lower than expected this year because the companys roofing business continues to be weak.
Officials had been holding out hope that the firm could still meet its target of $500 million in adjusted earnings before interest and taxes this year, even after a disappointing first quarter for roofing. While net sales of composites and insulation were up modestly, sales of roofing materials plummeted 18 percent.
However, on Friday the company said that business hasnt recovered as quickly as officials thought it might, with weakness continuing through April and May. OC said volumes may be down by as much as 20 percent in the years first half compared to last year.
In a news release, OC said it expects to recover a portion of that shortfall in the second half of the year, however, continued weakness in the second quarter has introduced further uncertainty in the full-year financial outlook for the companys roofing business.
Matt Schroder, a spokesman for the company, declined to comment further.
The factors that play into that, as they relate to our company and our point of view on the industry, is commentary and color we will provide during our July 23 conference call, he wrote in an email to The Blade.
Stephanie Karol, an economist at IHS Global Insight, said the market for single-family homes has not been performing as well as many people had predicted. Building permits for single-family homes have been mostly level since October, she said.
The winter certainly didnt help, but it gave a lot of people a really handy scapegoat for whats really going on and whats really going on is an affordability problem, Ms. Karol said.
See the original post here:
Roofing brings down OC sales
Global producer of glass fiber reinforcements Owens Corning ( OC ) has lowered 2014 outlook due to soft volumes in the roofing business.
Owens estimates that roofing volumes for the first half of 2014 will be 20% lower than the year-ago level. The Ohio-based company expects that adjusted EBIT for the second quarter will be lower than $500 million announced during the first-quarter conference call. However, it will be higher than the year-ago level of $416 million.
The company experienced weakness in roofing volumes during the first quarter of 2014, which continued in April and May. Continued weakness in roofing volume has left the company brooding over the full-year financial outlook for the roofing business. In fact, we do not expect the weakness in volumes to revive in the upcoming second quarter, which is scheduled to be reported on Jul 23. However, Owens expects to recover a portion of this volume shortfall in the second half of the year through its insulation and composites businesses.
First Quarter Results
In April, Owens reported first-quarter earnings of 29 cents, flat year over year as improvement in insulation and composites businesses was offset by weak roofing volumes. Earnings lagged the Zacks Consensus Estimate of 35 cents by 17.1%.
Net sales of $1.27 billion missed the year-ago results as well as the Zacks Consensus Estimate due to weak roofing volumes.
Other Stocks to Consider
Owens Corning carries a Zacks Rank #3 (Hold). Other stocks in the building and construction sector include United Rentals, Inc. ( URI ), The New Home Company LLC ( NWHM ) and Gibraltar Industries, Inc. ( ROCK ). All these stocks sport a Zacks Rank #2 (Buy).
GIBRALTAR INDUS (ROCK): Free Stock Analysis Report
UTD RENTALS INC (URI): Free Stock Analysis Report
Read the original post:
Owens Corning Lowers 2014 Outlook on Weak Roofing Business - Analyst Blog
Adelaide Roofing - Providing economical roof restoration for domestic or commercial premises.
http://BestAdelaideRoofing.com Our qualified roofers are the best adelaide roofing tradesmen in Adelaide. We provide low cost installation and service for roof repairs adelaide. Check our website...
By: Rob Hillman
Continue reading here:
Adelaide Roofing - Providing economical roof restoration for domestic or commercial premises. - Video
Wonderful FRP roofing panels provided by okorder.com
Want to get the best FRP roofing panels? Find them here: http://www.okorder.com/frp-roofing-panel_pl36022.html.
By: Right Henry
Follow this link:
Wonderful FRP roofing panels provided by okorder.com - Video