secwatch.observer — SEC 8-K summary
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Issuer:     Owens Corning (OC)
CIK:        0001370946
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001370946-24-000237
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Owens Corning Q3 net sales up 23% to $3.0B; adjusted EPS $4.38 vs $4.18 YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1370946/000137094624000237/0001370946-24-000237-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1370946/000137094624000237/oc-20241106.htm
  HTML page:      https://secwatch.observer/filing/0001370946-24-000237

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