Owens Corning (OC)
NYSE:OC
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Earnings Data
Report Date
Jul 29, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
3Last Year’s EPS
4.21Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call reflects a constructive and confident tone: the company delivered resilient margins and operational progress despite meaningful volume declines and inflationary headwinds. Management highlighted several strategic wins (cost synergies ahead of target, portfolio monetization, improved safety/sustainability recognition, digital investments, and a strong distribution footprint) and provided an outlook with materially higher expected margins in Q2. Notable near-term negatives include a 10% YoY revenue decline, a Q1 free cash flow outflow of $387 million, $75 million of adjusting charges (including a recall), and inflationary pressures (including an expected ~$60 million Iran-related cost impact in Q2) that create uncertainty. On balance, the company appears to be effectively managing a challenging macro environment and positioned to capitalize on recovery and structural improvements.Company Guidance
Resilient profitability and margins
Generated $369 million of adjusted EBITDA in Q1 2026 with an adjusted EBITDA margin of 16% and adjusted EPS of $1.22, demonstrating durable margin structure despite volume headwinds; company notes margin improvement of over 500 basis points in Roofing and Insulation versus similar market conditions over the past 10 years.
Strong segment margin performance and optimistic near-term outlook
Roofing delivered a 24% EBITDA margin in Q1 and management expects Roofing EBITDA margin in the low 30% range in Q2. Insulation posted a 19% EBITDA margin in Q1 and is guided to ~20% in Q2. Doors improved to a 7% margin in Q1 and is expected to reach high single digits in Q2.
Top-line scale and shareholder returns
Reported continuing operations revenue of $2.3 billion in Q1; returned $63 million to shareholders in the quarter and reaffirmed commitment to return $1 billion of cash to shareholders in 2026.
Exceeded synergy targets and ongoing cost improvement program
On track to achieve approximately $135 million in run-rate enterprise cost synergies by midyear (exceeding the $125 million commitment) and pursuing an additional $75 million of structural operational cost improvements to further lower the cost base.
Portfolio optimization and stronger liquidity
Completed sale of glass reinforcements with expected cash proceeds of ~ $280 million plus an additional $50–70 million of excess alloy sales over the next year; quarter-end liquidity of $1.8 billion ( $272 million cash and $1.5 billion available under facilities) and a debt-to-EBITDA ratio of 2.5x.
Safety and sustainability recognition
First quarter recordable incident rate of 0.46 with nearly 85% of sites recordable-injury free; recognized by S&P Global in the Sustainability Yearbook as a top 1% performer in the building products industry.
Operational modernization and digital initiatives
Expanded use of digital monitoring/AI: monitoring over 20,000 process sensors across ~40 plants to improve asset reliability, reduce unplanned downtime and support a structurally lower cost position.
Broad distribution and contractor footprint
Serving over 4,100 home center locations and more than 8,000 distributor locations; Roofing contractor network expanded to over 30,000 members, supporting downstream demand creation and cross-category pull-through.
OC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
OC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $122.90 | $123.03 | +0.11% |
Feb 25, 2026 | $125.72 | $122.59 | -2.49% |
Nov 05, 2025 | $120.99 | $109.47 | -9.53% |
Aug 07, 2025 | $144.86 | $144.31 | -0.38% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Owens Corning (OC) report earnings?
Owens Corning (OC) is schdueled to report earning on Jul 29, 2026, Before Open (Confirmed).
What is Owens Corning (OC) earnings time?
Owens Corning (OC) earnings time is at Jul 29, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OC EPS forecast?
OC EPS forecast for the fiscal quarter 2026 (Q2) is 3.