Owens Corning Reports Strong 2024 Financial Performance

Owens Corning ( (OC) ) has released its Q4 earnings. Here is a breakdown of the information Owens Corning presented to its investors.

Owens Corning, a leader in residential and commercial building products, reported strong financial results for 2024, with net sales reaching $11.0 billion, marking a 13% increase from the previous year. The company, known for its sustainable and energy-efficient solutions, operates globally with a significant presence in North America and Europe.

In 2024, Owens Corning achieved a net earnings margin of 6% and an adjusted EBIT margin of 19%, alongside a diluted EPS of $7.37 and an adjusted diluted EPS of $15.91. The company generated $1.9 billion in operating cash flow and returned $638 million to shareholders through dividends and share repurchases.

Key highlights from the year include the acquisition of Masonite International Corporation, a strategic review of its global glass reinforcements business, and the sale of its building materials business in China and Korea. These moves are part of Owens Corning’s strategy to focus on building products in North America and Europe. The company also announced plans to expand its laminate shingle manufacturing capacity in the U.S.

Despite a challenging market environment, Owens Corning maintained strong financial performance across its segments, with the Roofing and Insulation segments showing notable EBIT and EBITDA margins. The newly acquired Doors segment contributed $1.4 billion in revenue, further boosting the company’s sales figures.

Looking ahead, Owens Corning expects stable demand for repair activities and plans to continue investing in its core products and markets. The company remains committed to returning significant cash to shareholders while navigating a mixed market environment in 2025, with a focus on strategic growth and operational excellence.