Highest-materiality recent filing
Owens Corning Q1 net sales down 10% to $2.3B; adjusted EPS $1.22, down 59% YoY
Net earnings from continuing ops $38M (EPS $0.47) vs $255M ($2.95) last year; adjusted EPS $1.22.
Owens Corning closes sale of glass reinforcements business for adjusted enterprise value of $645M
Enterprise value reduced from $755M to $645M in amended agreement.
Owens Corning cuts GR business sale price to $645M; expects additional $140M loss
Amended sale agreement for global glass reinforcements business: enterprise value $645M (down from $755M).
Owens Corning reports full-year 2025 net loss $(188M) on $1.2B impairment; adjusted EPS $12.05
Full-year net sales $10.1B (+3% YoY); GAAP net loss $(188M) from $1.2B non-cash impairment in Doors.
Owens Corning Q3 net loss $495M on $780M impairment; Q4 revenue seen down mid-to-high teens
Net sales $2.68B (-3% YoY); net loss $495M from $780M non-cash impairment in Doors.
Diluted EPS from continuing ops $3.91 (up 34% YoY); adjusted diluted EPS $4.21 (down 4% YoY).
Owens Corning's President of Roofing Gunner Smith resigns effective Aug 8, 2025
Gunner Smith, President, Roofing and executive officer, resigns to pursue another opportunity.
Owens Corning Q1 2025: Net sales up 25% to $2.5B, adjusted EBITDA margin 22%; EPS down 7%
Net sales from continuing ops $2.5B, +25% YoY; Doors segment contributed $540M.
Owens Corning recasts 2024 segment data under new Roofing, Insulation, Doors structure
Reorganization into three segments (Roofing, Insulation, Doors) effective Jan 1, 2025; glass reinforcements business to be sold.
Owens Corning estimates ~$360M pre-tax noncash impairment on glass reinforcements sale
Estimated pre-tax noncash impairment charge of ~$360 million related to sale of global glass reinforcements business.
Owens Corning FY24 net sales up 13% to $11.0B; net earnings down 46%, adjusted EPS up 10%
Q4 net loss of $258M vs profit $131M YoY; diluted EPS ($2.97); adjusted diluted EPS $3.22 (flat YoY).
Owens Corning sells global glass reinforcements business for $755M enterprise value to Triumph/3B, affiliates of Praana Group.
Owens Corning Q3 net sales up 23% to $3.0B; adjusted EPS $4.38 vs $4.18 YoY
Net earnings $321M; diluted EPS $3.65; adjusted diluted EPS $4.38, up 5% YoY.
Owens Corning Q2 net sales $2.8B (+9% YoY); adjusted EPS $4.64, Masonite integration on track
Net sales $2,789M (+9% YoY); net earnings $285M (down 17% YoY); diluted EPS $3.24.
Owens Corning completes $3.9B acquisition of Masonite; names Chris Ball President of Doors
Acquired all outstanding Masonite shares for $133.00 per share; implied transaction value ~$3.9B.
Owens Corning files pro forma financials for $133/share Masonite acquisition
Acquisition price $133.00 per Masonite share, ~38% premium to Feb 8, 2024 close.
Owens Corning clears U.S. antitrust hurdle for Masonite acquisition; closing in May 2024
U.S. HSR Act waiting period expired April 26, 2024, satisfying antitrust clearance condition.
Owens Corning Q1 adjusted EBIT up 21% to $438M; adjusted EPS $3.59 beats prior year
Net sales $2.3B (-1% YoY); net earnings $299M (-22%) due to prior-year $189M gain on site sale.
Owens Corning files pro forma for $133/share cash acquisition of Masonite; $3B debt financing
$133 per share in cash, ~38% premium to Masonite's closing price on Feb 8, 2024.
Owens Corning secures $3.0B term loan, ups revolver to $1.0B for Masonite acquisition
Entered $3.0B 364-day term loan to finance part of Masonite acquisition.
Full year diluted EPS $13.14, adjusted diluted EPS $14.42; Q4 diluted EPS $1.46, adjusted $3.21.
Owens Corning to acquire Masonite International for $133/share (~$3.9B)
Purchase price of $133.00 per share in cash; total enterprise value ~$3.9 billion.
Owens Corning Q3 2023: Net sales $2.5B flat YoY; adjusted EPS up 15% to $4.15
Net earnings $337M ($3.71 diluted EPS) down 28% YoY; adjusted diluted EPS $4.15 up 15%.
CFO Kenneth S. Parks resigns; Todd W. Fister appointed as CFO effective Sept 15, 2023
Kenneth S. Parks resigns as EVP and CFO effective September 15, 2023 to pursue another opportunity.
Owens Corning Q2 2023: EPS $3.78, adjusted EPS $4.22; adjusted EBIT margin 21%
Net sales $2.6B flat YoY; net earnings $345M (+1%); diluted EPS $3.78 vs $3.49.
Owens Corning Q1 net earnings $383M ($4.17 EPS); adjusted EPS $2.77; free cash outflow $322M
Net sales $2.3B (-1% YoY); net earnings $383M (+26%); diluted EPS $4.17 (+38%).
Owens Corning reports record 2022: net sales $9.8B, adj. EPS $12.88; dividend up 50%
Full-year net sales $9,761M (+15% YoY); net earnings $1,241M (+25%); adj. diluted EPS $12.88 (+39%).
Owens Corning Q3 net sales up 14% to $2.5B; adjusted EPS $3.57, up 42% YoY
Diluted EPS of $4.84; adjusted diluted EPS of $3.57, up 42% from $2.52 a year ago.
Owens Corning Q2 net sales record $2.6B (+16% YoY); EPS $3.49; adjusted EPS $3.83
Net sales record $2.6B (+16% YoY); net earnings $343M, diluted EPS $3.49, adjusted EPS $3.83.
Owens Corning Q1 net sales up 23% to record $2.3B; EPS $3.03, up 53% YoY
Net sales $2.346B (+23% YoY); diluted EPS $3.03 (+53%); adjusted EPS $2.84 (+59%).
Owens Corning reports record 2021 results: net sales $8.5B, diluted EPS $9.54
Full-year net sales increased 20% to $8.5 billion; net earnings of $1.0B ($9.54 diluted EPS).
Owens Corning Q3 net sales $2.2B, EPS $2.50; all segments double-digit EBIT margins
Net sales $2.2B (+16% YoY); net earnings $260M ($2.50 diluted EPS) vs $206M ($1.88) in Q3 2020.
Owens Corning Q2 2021: Sales up 38% to $2.2B, net earnings $298M, record adjusted EBIT $408M
Net sales $2.2B vs $1.6B +38%; net earnings $298M ($2.82 EPS) vs $96M ($0.88) YoY.
On April 28, 2026, the Board of Directors of Owens Corning (the “Company”) promoted Todd W. Fister to Executive Vice President, Chief Financial and Operating Officer, effective as of May 1, 2026.
In connection with the Transaction, Marcio A. Sandri, will remain in the role as the Company’s President, Composites, but will no longer serve as an executive officer of the Company, effective as of February 13, 2025.
The Company has appointed Todd W. Fister, 49, as Executive Vice President and CFO, effective upon Mr. Parks’ resignation.
On August 21, 2023, Kenneth S. Parks, Executive Vice President and Chief Financial Officer (“CFO”) of Owens Corning (the “Company”), notified the Company that he will resign effective September 15, 2023 to pursue another opportunity.
On August 2, 2023, Daniel T. Smith, Executive Vice President and Chief Growth Officer, notified Owens Corning (the “Company) that he intends to retire.
On December 1, 2022, Kelly J. Schmidt, Vice President and Controller of Owens Corning (the “Company”), notified the Company that she will retire effective March 31, 2023.
The Company has appointed Mari Doerfler, 40, who is currently the Company’s Assistant Controller, as Vice President and Controller, effective April 1, 2023.
Max materiality 0.90 · Median 0.75 · Most common event earnings