Owens Corning FY2023 net sales $9.7B, adj EPS $14.42; Masonite acquisition, glass reinforcements review

Owens Corning

2023-FY EPS reported $13.14 revenue$9,677,000,000

Full year diluted EPS $13.14, adjusted diluted EPS $14.42; Q4 diluted EPS $1.46, adjusted $3.21.
Roofing segment full-year net sales $4.0B (+10%), EBIT $1.2B with 29% EBIT margin; Composites EBIT fell $256M to $242M.
Declared 15% dividend increase to $0.60 per common share quarterly.
Announced definitive agreement to acquire Masonite International (doors) expected mid-2024; reviewing strategic alternatives for $1.3B glass reinforcements business.
FY2024 outlook: corporate expenses $240-250M, capex ~$550M, D&A ~$550M; Q1 net sales slightly below Q1 2023 with mid-teens margins.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Owens Corning reported the fourth quarter of 2023 and the fiscal year ended December 31, 2023 results: revenue $9,677 million (full year); $2,304 million (Q4), net income $1,196 million (full year); $131 million (Q4), EPS $13.14 diluted EPS (full year); $1.46 diluted EPS (Q4).

Period: the fourth quarter of 2023 and the fiscal year ended December 31, 2023
Revenue: $9,677 million (full year); $2,304 million (Q4)
Net income: $1,196 million (full year); $131 million (Q4)
EPS: $13.14 diluted EPS (full year); $1.46 diluted EPS (Q4)
Result: reported results

Exact text from the filing

by reference into any registration statement or other document pursuant to the Securities Act of 1933. --- EX-99.1 (EX-99.1) --- Owens Corning Delivers Full-Year Net Sales of $9.7 Billion; Generates Earnings of $1.2 Billion and Adjusted EBIT of $1.8 Billion TOLEDO, Ohio – February 14, 2024 - Owens Corning (NYSE: OC), a global building and construction materials

View on SEC.gov

710 earnings releases filed in the last 30 days. Browse all earnings releases →

Owens Corning filing history →

Source: SEC EDGAR

accession 0001370946-24-000044

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.