secwatch.observer — SEC 8-K summary
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Issuer:     Owens Corning (OC)
CIK:        0001370946
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001370946-23-000021
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1370946/000137094623000021/0001370946-23-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1370946/000137094623000021/oc-20230426.htm
  HTML page:      https://secwatch.observer/filing/0001370946-23-000021

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