| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 2.8K | 21.7% | 0.3% |
| Total Income | 2.8K | 21.7% | 0.3% |
| Expenditure | 2.3K | 6.0% | 1.4% |
| PBT | 413.00 | 664.8% | 6.6% |
| Net Profit | 226.00 | 315.2% | 37.7% |
| OPM | 17.49% | 12.19pp | 0.89pp |
| NPM | 8.20% | 12.84pp | 5.01pp |
| EPS | 2.81 | 316.1% | 34.2% |
Owens Corning Reports Q2 2026 Results
05 Aug 2026 · 5 Aug, 3:38 pm
Summary
Owens Corning reported second-quarter 2026 results with Net Sales from Continuing Operations of $2.8 billion, in line with the prior year. The company achieved a Net Earnings Margin of 11% and an Adjusted EBITDA Margin of 24%. Diluted EPS from Continuing Operations was $3.84, and Adjusted Diluted EPS was $3.93. Management highlighted the strength of the reshaped company and disciplined execution, noting strategic choices and continued investment have created paths for revenue, earnings, and cash flow growth. The company also advanced its strategy by completing the sale of its glass reinforcements business and exceeded its synergy commitment for the Doors business.
Key Highlights
- 1
Owens Corning reported Net Sales from Continuing Operations of $2.8 Billion for the second quarter of 2026, which was in line with the prior year.
- 2
The company generated a Net Earnings Margin from Continuing Operations of 11% and an Adjusted EBITDA Margin from Continuing Operations of 24% in Q2 2026.
- 3
Diluted EPS from Continuing Operations was $3.84 and Adjusted Diluted EPS from Continuing Operations was $3.93 for the second quarter of 2026.
- 4
Operating Cash Flow for the second quarter of 2026 was $398 Million, and Free Cash Flow was $199 Million.
- 5
Owens Corning returned $264 Million to Shareholders through Dividends and Share Repurchases in the second quarter.
- 6
The company completed the sale of its glass reinforcements business on April 30, 2026, advancing its strategy to operate as a residential-focused building products leader.
- 7
Owens Corning achieved $135 million of enterprise run-rate cost synergies for its Doors business, exceeding its commitment.
Management Comments
Brian Chambers
These outstanding second-quarter results demonstrate the strength of our reshaped company. Our performance is a direct result of our strategic pivot to build a large-scale, residential-focused building products company with unique and unifying competitive advantages across market-leading businesses. Through our strategic choices, disciplined execution, and continued investment, we have created multiple paths to deliver revenue, earnings, and cash flow growth. As we look ahead, we remain focused on executing our growth agenda and creating long-term value for our customers and shareholders.
Todd Fister
Our second-quarter performance was driven by the disciplined commercial work of our teams and the execution of company-specific initiatives to grow our revenue and improve productivity. We continue to demonstrate our ability to perform across cycles while positioning Owens Corning for even greater success as market conditions improve. In the second half of the year, we are committed to maintaining our healthy balance sheet, investing in capital projects to grow our future earnings power, and returning significant cash to shareholders. We are also excited to welcome Jonathan Collins to Owens Corning to partner with our executive team to accelerate organic growth and performance.
Informational and educational content only. Not investment advice.