Owens Corning reports record 2022: net sales $9.8B, adj. EPS $12.88; dividend up 50%

Owens Corning

2022-FY EPS reported $12.70 revenue$9,761,000,000

Full-year net sales $9,761M (+15% YoY); net earnings $1,241M (+25%); adj. diluted EPS $12.88 (+39%).
Q4 net sales $2,285M (+7% YoY); Q4 net earnings $124M (-45%); adj. diluted EPS $2.49 (+13%).
Segment: Roofing EBIT $831M (23% margin); Insulation EBIT $612M (16%); Composites EBIT $498M (19%).
Generated FCF $1,314M (104% conversion); raised div. 50% to $0.52/qtr; repurchased 9.2M shares.
Q1 2023 outlook: moderate net sales decline vs prior year; EBIT margins low-to-mid teens.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Owens Corning reported the fiscal year ended December 31, 2022 results: revenue $9,761, net income $1,241, EPS $12.70.

Period: the fiscal year ended December 31, 2022
Revenue: $9,761
Net income: $1,241
EPS: $12.70
Result: reported results

Exact text from the filing

our shareholders.” Enterprise Performance ($ in millions, except per share amounts) Fourth-Quarter Full-Year 2022 2021 Change 2022 2021 Change Net Sales $2,285 $2,131 $154 7% $9,761 $8,498 $1,263 15% Net Earnings Attributable to OC 124 227 (103) (45%) 1,241 995 246 25% Adjusted EBIT 333 325 8 2% 1,762 1,415 347 25% As a Percent of Net Sales 15% 15% N/A N/A

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Owens Corning reported the fourth quarter of 2022 results: revenue $2,285, net income $124, EPS $1.32.

Period: the fourth quarter of 2022
Revenue: $2,285
Net income: $124
EPS: $1.32
Result: reported results

Exact text from the filing

and delivering value for our shareholders.” Enterprise Performance ($ in millions, except per share amounts) Fourth-Quarter Full-Year 2022 2021 Change 2022 2021 Change Net Sales $2,285 $2,131 $154 7% $9,761 $8,498 $1,263 15% Net Earnings Attributable to OC 124 227 (103) (45%) 1,241 995 246 25% Adjusted EBIT 333 325 8 2% 1,762 1,415 347 25% As a Percent of Net

View on SEC.gov

3 earnings releases filed in the last 30 days. Browse all earnings releases →

Owens Corning filing history →

Source: SEC EDGAR

accession 0001370946-23-000008

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