---
schema_version: "secwatch.filing_event.v1"
accession: "0001370946-23-000021"
form_type: "8-K"
ticker: "OC"
cik: "0001370946"
company_name: "Owens Corning"
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T12:11:34.376997+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001370946-23-000021
- form_type: 8-K
- ticker: OC
- cik: 0001370946
- company_name: Owens Corning
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1370946/000137094623000021/0001370946-23-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1370946/000137094623000021/oc-20230426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001370946-23-000021
- JSON: https://secwatch.observer/filing/0001370946-23-000021.json
- Plain text: https://secwatch.observer/filing/0001370946-23-000021.txt

## Key facts
- Earnings Releases
  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
  source text: Owens Corning Delivers Net Sales of $2.3 Billion; Generates Net Earnings of $383 Million and Adjusted EBIT of $361 Million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1370946/000137094623000021/0001370946-23-000021-index.htm

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