secwatch.observer — SEC 8-K summary
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Issuer:     Owens Corning (OC)
CIK:        0001370946
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0001370946-23-000031
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Owens Corning Q2 2023: EPS $3.78, adjusted EPS $4.22; adjusted EBIT margin 21%
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- Net sales $2.6B flat YoY; net earnings $345M (+1%); diluted EPS $3.78 vs $3.49.
- Adjusted EBIT $534M (21% margin) vs $525M (20%); adjusted EBITDA $664M (26% margin).
- Roofing segment sales +10% to $1.1B, EBIT +$80M to $338M; Composites sales -14% to $620M, EBIT -$67M.
- Operating cash flow $494M, free cash flow $372M; returned $160M via dividends and buybacks.
- Q3 outlook: net sales similar to prior year, high-teen EBIT margins; general corporate expense guidance $215-225M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1370946/000137094623000031/0001370946-23-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1370946/000137094623000031/oc-20230726.htm
  HTML page:      https://secwatch.observer/filing/0001370946-23-000031

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer