---
schema_version: "secwatch.filing_event.v1"
accession: "0001370946-23-000008"
form_type: "8-K"
ticker: "OC"
cik: "0001370946"
company_name: "Owens Corning"
filed_at: "2023-02-15T23:59:59+00:00"
generated_at: "2026-06-19T10:52:38.298712+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001370946-23-000008
- form_type: 8-K
- ticker: OC
- cik: 0001370946
- company_name: Owens Corning
- filed_at: 2023-02-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1370946/000137094623000008/0001370946-23-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1370946/000137094623000008/oc-20230215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001370946-23-000008
- JSON: https://secwatch.observer/filing/0001370946-23-000008.json
- Plain text: https://secwatch.observer/filing/0001370946-23-000008.txt

## Key facts
- Earnings Releases
  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: $12.70
  - Result: reported results
  source text: our shareholders.” Enterprise Performance ($ 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1370946/000137094623000008/0001370946-23-000008-index.htm
- Earnings Releases
  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: $1.32
  - Result: reported results
  source text: and delivering value for our shareholders.” Enterprise Performance ($ 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1370946/000137094623000008/0001370946-23-000008-index.htm

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