earnings
confidence high
sentiment positive
materiality 0.75
Owens Corning Q3 net sales up 23% to $3.0B; adjusted EPS $4.38 vs $4.18 YoY
Owens Corning
2024-Q3 EPS reported
$10.28
revenue$8,135,000,000
- Net earnings $321M; diluted EPS $3.65; adjusted diluted EPS $4.38, up 5% YoY.
- Roofing EBIT $359M on flat sales; Insulation EBIT $183M, up $33M; Doors segment added $573M revenue.
- Generated operating cash flow $699M and free cash flow $558M in the quarter.
- Returned $252M to shareholders via $52M dividends and $200M share repurchases (1.2M shares).
- Agreed to sell building materials business in China/Korea (~$130M annual revenue); exploring glass reinforcements strategic alternatives.