OC
Owens Corning113.70
-1.31-1.14%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Reaffirms guide, spotlights dealer growth
Q&A largely reaffirmed the prepared outlook, with management confident in a demand ramp aligning with consensus amid soft Q1 starts. They flagged weather-delayed Roofing restocking but expect Q2 pickup toward 10-year average volumes, plus April price realization. A key nugget: Pink Advantage Dealer Program grew enrollments 38% in 2025, targeting double-digits in 2026 for cross-product pull-through, now expanding to homebuilders. CapEx at $800M funds prior projects before normalizing to 4% of sales post-2027. Insulation faces ongoing hot-idle curtailments at 80s% industry utilization. Answers stayed direct. Watch dealer traction amid market recovery.
Key Stats
Market Cap
9.51BP/E (TTM)
-Basic EPS (TTM)
-0.86Dividend Yield
0.02%Recent Filings
8-K
OC posts sales growth, Doors hit
Owens Corning reported 2025 full-year net sales of $10.1B, up 3% despite weak markets, with adjusted EBITDA margin holding at 22% but hit by $1.2B Doors impairments driving net loss. Generated $1.8B operating cash flow, returned $1B to shareholders. Doors margins collapsed to 11%. Expects 2026 results in line with consensus.
10-K
FY2025 results
Owens Corning posted FY2025 net sales of $10.1B, up 3% y/y, driven by a full year of Doors contributions while Roofing and Insulation saw higher prices offset volume declines of 7% and 5%. Q4 momentum faltered with $1.5B Doors goodwill impairment on soft residential repair/remodel and new construction, plus $39M tradename write-down; EBITDA held flat at $232M for Doors but fell in Roofing (-$121M y/y) and Insulation (-$97M). Sequential quarterly trends showed margin compression amid input inflation and production downtime. Total debt stood at $5.2B with $1.5B revolver capacity; Q4 repurchases totaled 2.1M shares for $232M. Low residential construction activity threatens quarterly demand.
8-K
Director Mannen exits board
8-K
Q3 sales down, impairment hits
Owens Corning posted Q3 net sales of $2.7B, down 3% amid weak U.S. residential demand, but generated $918M operating cash flow and returned $278M to shareholders. A $780M non-cash Doors goodwill impairment flipped profits to a net loss, yet adjusted EBITDA margin held at 24%. Cash flows strong despite headwinds. Q4 sales outlook: $2.1B-$2.2B.
10-Q
Q3 FY2025 results
Owens Corning's Q3 sales dipped 3% y/y to $2.7B while gross margin shrank to 28% from 31%, mainly from lower Insulation and Doors volumes. A $780M non-cash goodwill impairment in Doors—triggered by soft residential repair/remodel and new construction—swung operating income to a $327M loss from $472M profit, with diluted continuing EPS at $(5.93) versus $3.26. Roofing held steady, up 2% on pricing. Cash sits at $286M, total debt $5.2B, operating cash flow robust at $1.2B YTD, free cash flow not disclosed in the 10-Q. Doors' remaining goodwill stays vulnerable. Residential construction weakness lingers.
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