earnings
confidence high
sentiment negative
materiality 0.75
Owens Corning Q1 net sales down 10% to $2.3B; adjusted EPS $1.22, down 59% YoY
Owens Corning
2026-Q1 EPS reported
-$1.29
revenue$2,265,000,000
- Net earnings from continuing ops $38M (EPS $0.47) vs $255M ($2.95) last year; adjusted EPS $1.22.
- Adjusted EBITDA margin 16% vs 22% prior year; Roofing segment margin fell to 24% from 30%.
- Completed sale of glass reinforcements on Apr 30 for ~$280M cash; proceeds for growth and share returns.
- Q2 2026 outlook: revenue $2.6-2.7B, adj. EBITDA margin 20-22%; expects $60M cost from Iran conflict.
- Returned $63M to shareholders via dividend; committed to $2B cash return over 2025-2026.