---
schema_version: "secwatch.filing_event.v1"
accession: "0001370946-24-000127"
form_type: "8-K"
ticker: "OC"
cik: "0001370946"
company_name: "Owens Corning"
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T09:26:30.225446+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Owens Corning Q1 adjusted EBIT up 21% to $438M; adjusted EPS $3.59 beats prior year

## Summary
- Net sales $2.3B (-1% YoY); net earnings $299M (-22%) due to prior-year $189M gain on site sale.
- Adjusted diluted EPS $3.59 vs. $2.80 (+28%); adjusted EBITDA margin 25% vs. 21%.
- Roofing net sales +7% to $957M; EBIT $286M (30% margin). Composites sales -11% to $523M.
- Returned $182M to shareholders: $52M dividends + $130M share repurchases (0.9M shares).
- Masonite acquisition on track for mid-2024; strategic review of glass reinforcements ongoing.

## SEC filing metadata
- accession: 0001370946-24-000127
- form_type: 8-K
- ticker: OC
- cik: 0001370946
- company_name: Owens Corning
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1370946/000137094624000127/0001370946-24-000127-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1370946/000137094624000127/oc-20240424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001370946-24-000127
- JSON: https://secwatch.observer/filing/0001370946-24-000127.json
- Plain text: https://secwatch.observer/filing/0001370946-24-000127.txt

## Key facts
- Earnings Releases
  Owens Corning reported quarter ended March 31, 2024 results: revenue $2.3 Billion, net income $299 Million, EPS $3.40.
  - Period: quarter ended March 31, 2024
  - Revenue: $2.3 Billion
  - Net income: $299 Million
  - EPS: $3.40
  - Result: reported results
  source text: Owens Corning Delivers Net Sales of $2.3 Billion; Generates Net Earnings of $299 Million and Adjusted EBIT of $438 Million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1370946/000137094624000127/0001370946-24-000127-index.htm
- Earnings Releases
  Owens Corning updated its second-quarter and full-year 2024 guidance (reaffirmed).
  - Period: second-quarter and full-year 2024
  - Guidance: reaffirmed
  - Result: guidance update
  source text: For the second-quarter 2024, the company expects overall performance to result in net sales in line with second quarter 2023, while generating approximately 20% EBIT margins for its existing businesses
  evidence_url: https://www.sec.gov/Archives/edgar/data/1370946/000137094624000127/0001370946-24-000127-index.htm

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