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Owens Corning Q1 2023 Earnings Report

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$169.41 -0.09 (-0.05%)
(As of 12/20/2024 05:45 PM ET)

Owens Corning EPS Results

Actual EPS
$2.77
Consensus EPS
$2.22
Beat/Miss
Beat by +$0.55
One Year Ago EPS
$2.84

Owens Corning Revenue Results

Actual Revenue
$2.30 billion
Expected Revenue
$2.22 billion
Beat/Miss
Beat by +$78.38 million
YoY Revenue Growth
-2.00%

Owens Corning Announcement Details

Quarter
Q1 2023
Time
Before Market Opens

Conference Call Resources

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Owens Corning Earnings Headlines

Owens Corning upgraded to Overweight from Equal Weight at Wells Fargo
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Wells Fargo Upgrades Owens Corning (OC)
Owens Corning (NYSE:OC) Upgraded at Barclays
See More Owens Corning Headlines
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About Owens Corning

Owens Corning (NYSE:OC) manufactures and sells building and construction materials in the United States, Europe, the Asia Pacific, and internationally. It operates in three segments: Roofing, Insulation, and Composites. The Roofing segment manufactures and sells laminate and strip asphalt roofing shingles, oxidized asphalt materials, and roofing components used in residential and commercial construction, and specialty applications. This segment sells its products through distributors, home centers, and lumberyards, as well as to roofing contractors for built-up roofing asphalt systems; and manufacturers in automotive, chemical, rubber, and construction industries. The Insulation segment manufactures and sells thermal and acoustical batts, loosefill insulation, spray foam insulation, foam sheathing and accessories under the Owens Corning PINK, and FIBERGLAS brands; and glass fiber pipe insulation, energy efficient flexible duct media, bonded and granulated mineral wool insulation, cellular glass insulation, and foam insulation under the FOAMULAR, FOAMGLAS, and Paroc brand names used in construction applications. This segment sells its products primarily to the insulation installers, home centers, lumberyards, retailers, and distributors. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber; and glass fiber products in the form of fabrics, non-wovens, and composite lumber. Its products are used in building structures, roofing shingles, tubs and showers, pools, decking, flooring, pipes and tanks, poles, electrical equipment, and wind-energy turbine blades. This segment sells its products directly to parts molders, fabricators, and shingle manufacturers. The company was incorporated in 1938 and is headquartered in Toledo, Ohio.

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