secwatch.observer — SEC 8-K summary
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Issuer:     Owens Corning (OC)
CIK:        0001370946
Form:       8-K
Filed at:   2022-02-16T23:59:59+00:00
Accession:  0001370946-22-000008
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1370946/000137094622000008/0001370946-22-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1370946/000137094622000008/oc-20220216.htm
  HTML page:      https://secwatch.observer/filing/0001370946-22-000008

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