---
schema_version: "secwatch.filing_event.v1"
accession: "0001370946-23-000047"
form_type: "8-K"
ticker: "OC"
cik: "0001370946"
company_name: "Owens Corning"
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T10:03:32.656469+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Owens Corning Q3 2023: Net sales $2.5B flat YoY; adjusted EPS up 15% to $4.15

## Summary
- Net earnings $337M ($3.71 diluted EPS) down 28% YoY; adjusted diluted EPS $4.15 up 15%.
- Roofing segment net sales +8% to $1.1B, EBIT $343M; Insulation -5% to $913M, Composites -11% to $567M.
- Operating cash flow $691M, free cash flow $581M; returned $187M to shareholders via dividends and buybacks.
- Q4 2023 outlook: net sales slightly below Q4 2022; mid-teen EBIT margins expected.
- Updated FY 2023 guidance: capex ~$520M; D&A $510–$520M; effective tax rate 24–26%.

## SEC filing metadata
- accession: 0001370946-23-000047
- form_type: 8-K
- ticker: OC
- cik: 0001370946
- company_name: Owens Corning
- filed_at: 2023-10-25T23:59:59+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/1370946/000137094623000047/0001370946-23-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1370946/000137094623000047/oc-20231025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001370946-23-000047
- JSON: https://secwatch.observer/filing/0001370946-23-000047.json
- Plain text: https://secwatch.observer/filing/0001370946-23-000047.txt

## Key facts
- Earnings Releases
  Owens Corning reported third-quarter 2023 results: revenue $2,479, net income $337, EPS $3.71. Guidance reaffirmed.
  - Period: third-quarter 2023
  - Revenue: $2,479
  - Net income: $337
  - EPS: $3.71
  - Guidance: reaffirmed
  - Result: reported results
  source text: the company for long-term success.” Enterprise Performance ($ in millions, except per share amounts) Third-Quarter Nine Months 2023 2022 Change 2023 2022 Change Net Sales $2,479 $2,529 $(50) (2%) $7,373 $7,476 $(103) (1%) Net Earnings Attributable to OC 337 470 (133) (28%) 1,065 1,117 (52) (5%) Adjusted EBIT 518 487 31 6% 1,413 1,429 (16) (1%) As a
  evidence_url: https://www.sec.gov/Archives/edgar/data/1370946/000137094623000047/0001370946-23-000047-index.htm

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