secwatch.observer — SEC 8-K summary
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Issuer:     Owens Corning (OC)
CIK:        0001370946
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0001370946-23-000047
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1370946/000137094623000047/0001370946-23-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1370946/000137094623000047/oc-20231025.htm
  HTML page:      https://secwatch.observer/filing/0001370946-23-000047

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