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Owens Corning (OC)
NYSE:OC
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.91Last Year’s EPS
3.59Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 24, 2025
|% Change Since: -10.31%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Positive
Owens Corning demonstrated strong financial performance and strategic execution by increasing revenue and margins, making strategic acquisitions and divestitures, and improving safety measures. Despite some challenges with declining component volumes and soft European markets, the company is well-positioned for future growth and shareholder value creation.Company Guidance
During Owens Corning's fourth quarter and full year 2024 earnings call, the company reported significant growth, delivering $2.8 billion in revenue for the fourth quarter, representing a 23% increase, with adjusted EBIT and EBITDA margins at 15% and 22%, respectively. For the full year, revenues reached $11 billion, up 13%, with adjusted EBIT of $2 billion and adjusted EBITDA of $2.7 billion. The company's roofing and insulation segments showed robust margin expansion, with a full-year adjusted EBIT margin of 19% and adjusted EBITDA margin of 25%. Owens Corning returned 51% of free cash flow to shareholders, marking its eleventh consecutive year of increasing dividends. The company made strategic moves, including acquiring Masonite and divesting its building materials business in Asia and its glass reinforcements business. These actions, combined with ongoing investments in expanding manufacturing capacity, position Owens Corning for long-term growth and continued strong financial performance. The outlook for the first quarter of 2025 includes expected revenue growth in the mid-20% range compared to the previous year, with anticipated EBITDA margins of low 20% for the enterprise.Record Revenue and Margin Performance
Owens Corning reported a 23% increase in Q4 revenue, reaching $2.8 billion, with an adjusted EBIT margin of 15% and an adjusted EBITDA margin of 22%. For the full year, revenue was $11 billion, up 13%, with EBIT of $2 billion and EBITDA of $2.7 billion.
Strategic Acquisitions and Divestitures
The company successfully acquired Masonite, expanding its product portfolio, and divested its building materials business in Asia along with the glass reinforcements business, focusing on core markets in North America and Europe.
Safety Improvements
The company achieved a 25% reduction in injuries with a recordable incident rate of 0.5, showing significant improvement in safety performance.
Increased Shareholder Returns
Owens Corning returned 51% of free cash flow to shareholders and increased dividends for the eleventh consecutive year.
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OC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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OC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 24, 2025 | $164.67 | $162.11 | -1.55% |
| Nov 06, 2024 | $180.96 | $183.02 | +1.14% |
| Aug 06, 2024 | $162.39 | $155.69 | -4.13% |
| Apr 24, 2024 | $165.06 | $162.70 | -1.43% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Owens Corning (OC) report earnings?
Owens Corning (OC) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Owens Corning (OC) earnings time?
Owens Corning (OC) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OC EPS forecast?
OC EPS forecast for the fiscal quarter 2025 (Q1) is 2.91.
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