📈 Price History

Ratio Health

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By Category

📊 Sector Averages

About

Owens Corning provides residential and commercial building products in the United States, Europe, the Asia Pacific, and internationally.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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⭐ Superinvestors Holding OC

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Manager	Shares	Value	% of Fund	Period
Steve Cohen Point72 Asset Management	335.2K	$36.3M	0.05%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 4 quarters analysed

Q2 2025

Confident Specific

Management repeatedly highlighted the 20th consecutive quarter of 20%+ EBITDA margins, Q2 margin of 26%, revenue up 10% YoY, and earnings up 30% YoY. They gave precise numeric guidance for Q3: revenue $2.7-2.8B, EBITDA margins 23-25%, and specific segment-level margin ranges.

Q3 2025

Mixed

Management expresses confidence in structural improvements and long-term positioning while acknowledging significant near-term headwinds, guiding Q4 revenue down mid to high teens and EBITDA margins 16-18%. Specific phrases like 'solid results despite challenging market conditions' and 'weaker residential trends' balanced with 'confident in our ability to achieve our margin and cash flow goals' show a cautious but resilient tone.

Q4 2025

Confident Specific

Management repeatedly used phrases like 'demonstrated the strength of the company' and 'proud of our team' while providing detailed numerical guidance for Q1 and full year 2026, including specific revenue ranges, margin targets, and CapEx plans.

Q1 2026 latest

Confident Specific

Management repeatedly uses phrases like 'demonstrate the durable performance', 'strong execution', and 'good year ahead' and provides detailed Q2 guidance (revenue $2.6–$2.7B, EBITDA margin 20%–22%) with segment-level margin targets, showing certainty despite acknowledged headwinds.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis is slightly stronger after this call. Management provided specific, achievable Q2 guidance with margins returning to the 'sticky 20%+ EBITDA' level despite inflation and tariff headwinds. The Roofing segment's ability to guide to low 30% margins with a June price increase underscores pricing power. However, the exclusion of tariff refunds from guidance creates potential upside that is not being counted on. Key watch items for next quarter: (1) realization of the June Roofing price increase, (2) the pace of market recovery in Insulation and Doors, (3) whether tariff refunds materialize and are included in guidance, and (4) the trajectory of Iran-related inflation (persistent or easing).

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED Owens Corning Q1 2026: $2.3B revenue, $369M EBITDA, 16% margin

Revenue & Profitability

First quarter 2026 revenue was $2.3 billion, down 10% year-over-year. Adjusted EBITDA was $369 million (16% margin), and adjusted earnings per diluted share were $1.22. Free cash flow was a net outflow of $387 million, reflecting seasonal working capital and higher capital expenditures.

Outlook

Management expects discretionary remodel and new residential construction to remain under pressure in Q2, but non-residential construction in North America should be stable. In Europe, a gradual recovery is anticipated. For Q2 2026, Owens Corning projects revenue of $2.6-$2.7 billion and adjusted EBITDA margin of 20%-22%.

Growth Drivers

Key growth levers include expanding the Roofing contractor base (now over 30,000 members), benefiting from the shift to premium laminate shingles, and growing the high-margin components business. In Insulation, secular drivers from energy efficiency and regulatory standards create opportunities. The integrated go-to-market strategy across Roofing, Insulation, and Doors is gaining traction with distribution partners like Lowe's.

Balance Sheet & CapEx

Capital additions for continuing operations were $210 million in Q1 and are expected to be approximately $800 million for full-year 2026. More than half of capex is directed at productivity and growth initiatives. The company is investing in AI-enabled sensors across plants and expanding capacity for laminate shingles.

Margins

Q1 2026 adjusted EBITDA margin was 16% at the enterprise level, with Roofing at 24%, Insulation at 19%, and Doors at 7%. For Q2, management guides Roofing margins in the low 30% range, Insulation around 20%, and Doors to high single digits, yielding an enterprise margin of 20%-22%. The company has improved margins by over 500 basis points in Roofing and Insulation compared to similar market conditions 10 years ago.

Key Risks

Risks flagged include: higher inflation from the Iran conflict, with approximately $60 million expected in Q2 (half impacting Roofing, remainder split between Insulation and Doors). Tariff refunds of up to $50 million are possible but uncertain and not included in guidance. Ongoing market softness from affordability challenges, consumer uncertainty, and severe weather could pressure volumes.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-08-05

Q2 results showed resilient revenue and profitability, with strong execution in roofing and insulation, and cost synergies exceeding targets. Outlook anticipates modest revenue decline and margin pressure in Q3 due to inflation and inventory dynamics, but ongoing investments and pricing actions support long-term growth.

Q1 2026 Q1 2026 2026-05-06

Q1 2026 saw resilient margins and strong cash generation despite lower volumes, with $2.3B revenue and $369M adjusted EBITDA. Guidance for Q2 expects stable margins and continued cost discipline, while inflation and market uncertainty remain key risks.

Q4 2025 Q4 2025 2026-02-25

Strong 2025 results were achieved despite market headwinds, with robust margins, disciplined capital allocation, and progress on strategic initiatives. 2026 is expected to start soft but improve in H2, with continued investment in growth and efficiency.

Q3 2025 Q3 2025 2025-11-05

Q3 results showed resilient margins and strong cash flow despite lower volumes from weak U.S. residential demand and a quiet storm season. Strategic investments and cost synergies supported performance, while Q4 and early 2026 are expected to remain challenging due to continued destocking and soft demand.

Q2 2025 Q2 2025 2025-08-06

Q2 2025 saw 10% revenue and 30% earnings growth, with strong margins and cash returns to shareholders. Roofing outperformed, insulation margins remained resilient despite volume declines, and Doors integration advanced. Q3 guidance anticipates stable margins amid market headwinds.

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