Owens Corning reports record 2021 results: net sales $8.5B, diluted EPS $9.54

Owens Corning

2021-FY EPS reported $9.54 revenue$8,498,000,000

Full-year net sales increased 20% to $8.5 billion; net earnings of $1.0B ($9.54 diluted EPS).
Adjusted EBITDA margins expanded to 22%; free cash flow reached $1.1B (112% conversion).
Q4 2021 net sales $2.13B, net earnings $227M, diluted EPS $2.23, adjusted EPS $2.20.
Dividend raised 35% to $0.35/quarter; board authorized repurchase of up to 10M additional shares.
Full-year 2022 outlook: capex ~$480M, D&A ~$520M; expects Q1 net sales and adjusted EBIT growth.

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