Owens Corning

Owens Corning reported a significant decline in its first-quarter 2026 financial results from continuing operations. Net sales decreased by 10.5% to $2.265 billion, and diluted EPS from continuing operations fell by 84.1% to $0.47. The company also recognized a pre-tax loss of $182 million related to an amendment to the Glass Reinforcements (GR) business divestment agreement, which closed on April 30, 2026.

Owens Corning reported first-quarter 2026 results with net sales from continuing operations decreasing 10% to $2.3 billion and diluted EPS falling 84% to $0.47. The company completed the sale of its glass reinforcements business, a strategic move to focus on branded building products, expecting $280 million in cash proceeds. Despite current market conditions, the company highlighted resilient performance and strong margins in Roofing and Insulation, and provided a Q2 2026 outlook with expected revenue of $2.6 billion to $2.7 billion and an Adjusted EBITDA margin of 20% to 22%.

Owens Corning announced an additional loss on the sale of its global glass reinforcements business (GR Business) due to an amendment to the definitive agreement. The company will recognize an additional loss on sale of approximately $140 million, primarily resulting from a decrease in the agreed purchase price and changes in other net assets. This amendment was made on April 14, 2026, due to changing market conditions.