secwatch.observer — SEC 8-K summary
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Issuer:     Owens Corning (OC)
CIK:        0001370946
Form:       8-K
Filed at:   2022-07-27T23:59:59+00:00
Accession:  0001370946-22-000035
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Owens Corning Q2 net sales record $2.6B (+16% YoY); EPS $3.49; adjusted EPS $3.83
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1370946/000137094622000035/0001370946-22-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1370946/000137094622000035/oc-20220727.htm
  HTML page:      https://secwatch.observer/filing/0001370946-22-000035

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