earnings
confidence high
sentiment positive
materiality 0.85
Owens Corning Q2 net sales record $2.6B (+16% YoY); EPS $3.49; adjusted EPS $3.83
Owens Corning
2022-Q2 EPS reported
$6.52
revenue$4,947,000,000
- Net sales record $2.6B (+16% YoY); net earnings $343M, diluted EPS $3.49, adjusted EPS $3.83.
- Adjusted EBIT $525M (20% margin); operating cash flow $466M; free cash flow $361M.
- Composites +23% to $719M, EBIT $154M; Insulation +16% to $934M, EBIT $157M; Roofing +11% to $1.0B, EBIT $258M.
- Completed WearDeck acquisition (~$60M annual sales); announced Natural Polymers (~$100M, Q3 close); divested French DUCS assets (~$100M sales).
- Quarterly dividend raised 35% to $0.35/share; repurchased 1.0M shares for $86M in Q2.