---
schema_version: "secwatch.filing_event.v1"
accession: "0001370946-22-000020"
form_type: "8-K"
ticker: "OC"
cik: "0001370946"
company_name: "Owens Corning"
filed_at: "2022-04-27T23:59:59+00:00"
generated_at: "2026-06-26T04:00:38.446321+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Owens Corning Q1 net sales up 23% to record $2.3B; EPS $3.03, up 53% YoY

## Summary
- 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.

## SEC filing metadata
- accession: 0001370946-22-000020
- form_type: 8-K
- ticker: OC
- cik: 0001370946
- company_name: Owens Corning
- filed_at: 2022-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1370946/000137094622000020/0001370946-22-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1370946/000137094622000020/oc-20220427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001370946-22-000020
- JSON: https://secwatch.observer/filing/0001370946-22-000020.json
- Plain text: https://secwatch.observer/filing/0001370946-22-000020.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.