Owens Corning Stock Earnings Reports

Owens Corning delivered resilient Q1 2026 results despite softer end-market volumes: revenue of $2.3 billion and adjusted EBITDA of $369 million (16% margin). The company emphasized structural improvements—commercial integration across Roofing, Insulation and Doors, manufacturing productivity (AI monitoring), and portfolio simplification (sale of glass reinforcements)—that are driving higher, more durable margins and cash generation. Key near-term financials: Q1 free cash flow was a $387 million outflow (seasonal working capital and elevated capex of $210M); leverage at ~2.5x debt/EBITDA; liquidity $1.8B; returned $63M dividend in Q1 and remains committed to returning $1.0B in 2026. Operational highlights include Roofing EBITDA margin of ~24% in Q1 with expectation of low-30%s in Q2, Insulation EBITDA margin ~19% in Q1 with a ~20% target in Q2, and Doors at ~7% in Q1 with expected sequential improvement to high single digits in Q2. The company is on track to exceed previously announced Doors synergies (~$135M run rate by midyear) and pursue an additional $75M of operations cost improvements. Management flagged near-term cost headwinds from commodity/inflation (notably ~$60M estimated Iran-related cost impact in Q2, skewed to Roofing and Insulation) and potential tariff refunds (~$50M eligible; ~$25M already submitted). Q2 company guidance: revenue ~$2.6–$2.7B and an adjusted EBITDA margin of ~20–22%. Balance-sheet and capital allocation priorities remain strong: targeted capex ~$800M for the year (majority growth/productivity), continued focus on returns to shareholders and maintaining investment-grade ratings.