Owens Corning Q3 net sales up 14% to $2.5B; adjusted EPS $3.57, up 42% YoY

Owens Corning

2022-Q3 EPS reported $11.32 revenue$7,476,000,000

Diluted EPS of $4.84; adjusted diluted EPS of $3.57, up 42% from $2.52 a year ago.
Net sales $2.5B, +14% YoY; adjusted EBIT $487M at 19% margin; operating cash flow $461M.
Roofing sales $1.0B (+15%), Insulation $965M (+18%), Composites $638M (+8%).
Quarterly dividend raised 35% to $0.35/share; share repurchases of $206M in Q3.
Full-year outlook: capex ~$480M; interest expense lowered to $110-115M; effective tax rate guidance improved.

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