earnings
confidence high
sentiment positive
materiality 0.85
Owens Corning Q1 net sales up 23% to record $2.3B; EPS $3.03, up 53% YoY
Owens Corning
2022-Q1 EPS reported
$3.03
revenue$2,346,000,000
- Net sales $2.346B (+23% YoY); diluted EPS $3.03 (+53%); adjusted EPS $2.84 (+59%).
- Adjusted EBIT $417M (+48% YoY); adjusted EBITDA margin 23%.
- Returned $264M to shareholders; repurchased 2.5M shares for $229M, paid $35M dividends.
- Agreed to acquire WearDeck (composite decking) for ~$60M revenue; expects close Q2 2022.
- Exiting Russia (approx $100M revenue, ~1% of sales); appointed David Rabuano as Chief Sustainability Officer.