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Owens Corning (OC)
NYSE:OC
Earnings Data
Report Date
Apr 29, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.95Last Year’s EPS
2.97Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call communicated a balanced picture: meaningful executional achievements (strong margins, cash returns, exceeded synergy targets, safety and innovation progress, and targeted capacity investments) contrasted with material near-term market headwinds (sharp Roofing volume decline, ongoing curtailments, negative price/cost dynamics, a $1.1 billion goodwill impairment in Doors, and free cash flow pressure from elevated CapEx). Management emphasized multiple levers to drive recovery and a path to long-term targets, while acknowledging near-term softness and one-time/noncash charges.Company Guidance
Strong Full-Year Financials and Margins
Full-year revenue of $10.1 billion and adjusted EBITDA of $2.3 billion with a 22% adjusted EBITDA margin; Q4 revenue $2.1 billion with adjusted EBITDA $362 million and a 17% Q4 margin. This marks the company's fifth consecutive year with 20%+ EBITDA margins.
Robust Cash Generation and Shareholder Returns
Generated $1.8 billion operating cash flow for the year and $962 million free cash flow for the full year. Returned $1.0 billion to shareholders in 2025 (dividends + buybacks) and over $4.0 billion since 2020; Q4 repurchases and dividends totaled $286 million. Board approved a ~15% dividend increase (declared $0.79 per share).
Disciplined Capital Investment and Elevated CapEx for Growth
Full-year capital additions were $824 million (roughly half focused on long-term cost efficiency and growth). 2026 CapEx guidance ~ $800 million to complete announced high-return projects; company expects a structural long-term CapEx run rate near ~4% of revenue after current projects.
Operational Delivery, Network Investments and Capacity Additions
Started up a new laminate shingle line (Ohio), a high-speed nonwovens line (Arkansas), and a low-cost XPS foam plant (Arkansas) in 2025; factory modernization and automation initiatives improving cost position and capacity.
Exceeded Synergy Targets and Additional Cost Opportunity
Achieved and exceeded the committed $125 million run-rate enterprise cost synergies ahead of mid-2026; on track to deliver an additional $75 million of structural cost improvements through network optimization, automation and productivity actions.
Safety, Innovation and Brand Strength
Recordable incident rate improved to 0.60 (industry-leading); more than half of sites operated injury-free. Launched 30+ new or improved products in 2025, maintaining a 20%+ product vitality index. Owens Corning recognized as a top 250 Best-Managed Company and noted as a highly trusted consumer brand.
Segment Resilience Despite Weak Markets
Roofing delivered full-year EBITDA of $1.4 billion (32% margin) despite market softness. Insulation delivered full-year EBITDA of $848 million (23% margin) and its fifth consecutive year of 20%+ EBITDA margins. Company maintained liquidity ($1.8 billion) and a conservative leverage position (year-end net debt-to-EBITDA 2.1x).
Tariff Mitigation and Supply-Chain Agility
Gross tariff exposure of ~$110 million in 2025 mitigated to a net tariff impact of ~$30 million; Q1 2026 gross tariff exposure expected at ~$20 million netting to ~$10 million after mitigation, with sourcing and supply-chain actions reducing net impact.
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 |
|---|---|---|---|
Feb 25, 2026 | $126.63 | $123.48 | -2.49% |
Nov 05, 2025 | $121.87 | $110.26 | -9.53% |
Aug 07, 2025 | $145.91 | $145.36 | -0.38% |
May 07, 2025 | $140.18 | $128.16 | -8.57% |
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 Apr 29, 2026, Before Open (Confirmed).
What is Owens Corning (OC) earnings time?
Owens Corning (OC) earnings time is at Apr 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 (Q1) is 0.95.