secwatch.observer — SEC 8-K summary
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Issuer:     Owens Corning (OC)
CIK:        0001370946
Form:       8-K
Filed at:   2026-05-06T23:59:59+00:00
Accession:  0001370946-26-000143
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Owens Corning Q1 net sales down 10% to $2.3B; adjusted EPS $1.22, down 59% YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1370946/000137094626000143/0001370946-26-000143-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1370946/000137094626000143/oc-20260506.htm
  HTML page:      https://secwatch.observer/filing/0001370946-26-000143

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer