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Owens Corning (OC)
NYSE:OC
Holding OC?
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
2.9Last Year’s EPS
3.21Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: 0.47%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Neutral
Owens Corning has demonstrated strong financial performance and strategic focus, with significant achievements in cash flow and margin growth. However, the company faces challenges due to market conditions and external factors, such as hurricanes and geopolitical tensions. Despite these hurdles, the strategic decisions to streamline operations and focus on core markets are positive steps.Company Guidance
During Owens Corning's Q3 2024 earnings call, the company provided guidance reflecting strong financial performance despite challenging market conditions. The adjusted EBIT margin was reported at 19%, with an adjusted EBITDA margin of 25%, marking the 17th consecutive quarter of achieving mid-teens or better adjusted EBIT margins. The company generated $558 million in free cash flow and returned $252 million to shareholders through dividends and share repurchases. Strategic initiatives included the sale of its building products business in China and Korea, expected to close by Q2 2025, and the addition of a new insulation production line in Kansas City, boosting capacity by 2-3% by 2027. For Q4, Owens Corning anticipates mid-teen EBIT margins and a 20% EBITDA margin, forecasting a slight revenue decline in its legacy business due to seasonality and market conditions.Outstanding Third Quarter Performance
Owens Corning delivered an adjusted EBIT margin of 19% and adjusted EBITDA margin of 25%, marking the 17th consecutive quarter of achieving mid-teens or better adjusted EBIT margins and 20% or better adjusted EBITDA margins.
Strong Free Cash Flow
The company produced $558 million of free cash flow in the quarter, demonstrating strong cash-generating capability.
Strategic Geographic Footprint Simplification
Owens Corning announced the sale of its building products business in China and Korea, focusing on strengthening its leadership position in North America and Europe.
Insulation Business Margin Growth
The Insulation business delivered growth and expanded margins versus the prior year, with an EBIT margin of 19% and EBITDA margin of 25%.
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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 |
|---|---|---|---|
| Nov 06, 2024 | $181.83 | $183.90 | +1.14% |
| Aug 06, 2024 | $163.17 | $156.44 | -4.12% |
| Apr 24, 2024 | $165.85 | $163.48 | -1.43% |
| Feb 14, 2024 | $144.90 | $140.95 | -2.73% |
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 Feb 12, 2025, TBA Not Confirmed.
What is Owens Corning (OC) earnings time?
Owens Corning (OC) earnings time is at Feb 12, 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 2024 (Q4) is 2.9.
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