secwatch.observer — SEC 8-K summary
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Issuer:     Owens Corning (OC)
CIK:        0001370946
Form:       8-K
Filed at:   2023-02-15T23:59:59+00:00
Accession:  0001370946-23-000008
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1370946/000137094623000008/0001370946-23-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1370946/000137094623000008/oc-20230215.htm
  HTML page:      https://secwatch.observer/filing/0001370946-23-000008

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