| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 2.3K | 10.5% |
| Total Income | 2.3K | 10.5% |
| Expenditure | 2.1K | 1.0% |
| PBT | 54.00 | 84.3% |
| Net Profit | -105.00 | 12.9% |
| OPM | 5.30% | 10.79pp |
| NPM | -4.64% | 0.96pp |
| EPS | -1.30 | 20.4% |
Owens Corning Reports Q1 2026 Net Sales of $2.3 Billion
06 May 2026 · 6 May, 3:43 pm
Summary
Owens Corning reported first-quarter 2026 results, with net sales from continuing operations of $2.3 billion, a 10% decrease from the prior year. The net earnings margin from continuing operations was 2%, and the adjusted EBITDA margin was 16%. Diluted EPS from continuing operations was $0.47, and adjusted diluted EPS was $1.22. The company completed the sale of its glass reinforcements business and returned $63 million to shareholders through a cash dividend. For the second quarter 2026, the company expects revenue from continuing operations to be approximately $2.6 billion to $2.7 billion and adjusted EBITDA margin from continuing operations of approximately 20% to 22%.
Key Highlights
- 1
Owens Corning reported net sales from continuing operations of $2.3 billion, a 10% decrease from the prior year.
- 2
The company generated a net earnings margin from continuing operations of 2% and an adjusted EBITDA margin from continuing operations of 16%.
- 3
Diluted EPS from continuing operations was reported at $0.47, and adjusted diluted EPS from continuing operations was $1.22.
- 4
Owens Corning produced an operating cash outflow of $154 million and a free cash outflow of $387 million.
- 5
The company returned $63 million to shareholders through a cash dividend.
- 6
The sale of the glass reinforcements business was completed on April 30, 2026, with expected cash proceeds of approximately $280 million.
Management Comments
Brian Chambers
“Our first-quarter results highlight our ability to deliver strong financial performance within current market conditions. This is driven by the strength of our team and the actions we have taken over the last several years to reshape the earnings profile of the company,” “With the sale of our glass reinforcements business complete, we are now well positioned to operate as a more integrated company and unlock additional cost efficiencies that can be reinvested to accelerate our growth as a branded building products leader. Executing the OC AdvantagesTM across our three complementary businesses, we are focused on enhancing our market positions, helping our customers win and grow, and delivering additional value to shareholders.”
Todd Fister
“In the first quarter, Owens Corning executed well in markets that include the carryover impact of 2025 roofing market conditions. We are delivering strong margins at this point in the cycle in Roofing and Insulation, while we continue to reinvest for future growth and margin expansion,” “Our teams are highly focused on operational discipline and integrated execution, and in my expanded role I look forward to accelerating the benefits of our more focused company."
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