Owens Corning Q2 net sales $2.8B (+9% YoY); adjusted EPS $4.64, Masonite integration on track

Owens Corning

2024-Q2 EPS reported $6.63 revenue$5,089,000,000

Net sales $2,789M (+9% YoY); net earnings $285M (down 17% YoY); diluted EPS $3.24.
Adjusted EBIT $588M (+10% YoY); adjusted EBITDA margin 27% (up 1pp YoY).
Doors segment (Masonite) contributed $311M revenue; acquisition completed May 15.
Operating cash flow $493M; free cash flow $336M; returned $52M via dividends.
Q3 2024 outlook: net sales growth low-20s%; EBIT margin high-teens; adjusted full-year guidance raised.

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