Owens Corning Q1 net earnings $383M ($4.17 EPS); adjusted EPS $2.77; free cash outflow $322M

Owens Corning

2023-Q1 EPS reported $4.17 revenue$2,331,000,000

Net sales $2.3B (-1% YoY); net earnings $383M (+26%); diluted EPS $4.17 (+38%).
Adjusted EBIT $361M (-13%); adjusted diluted EPS $2.77 (-5%); margins 15% and 21%.
Operating cash outflow $164M; free cash outflow $322M; returned $183M to shareholders.
Composites EBIT -$105M to $49M; Insulation +$27M to $156M; Roofing +$33M to $209M.
Q2 outlook: moderate net sales decline, mid-teen EBIT margins; dividend raised 50% to $0.52/share.

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 0.98

Owens Corning reported the quarter ended March 31, 2023 results: revenue Net Sales of $2.3 Billion, net income Net Earnings of $383 Million, EPS Diluted EPS of $4.17.

Period: the quarter ended March 31, 2023
Revenue: Net Sales of $2.3 Billion
Net income: Net Earnings of $383 Million
EPS: Diluted EPS of $4.17
Result: reported results

Exact text from the filing

Owens Corning Delivers Net Sales of $2.3 Billion; Generates Net Earnings of $383 Million and Adjusted EBIT of $361 Million

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

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Source: SEC EDGAR

accession 0001370946-23-000021

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