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Mar 31, 2023
Owens Corning Q1 2023 Earnings Report
Owens Corning reported first-quarter 2023 results, with net sales of $2.3 billion and net earnings of $383 million.
Key Takeaways
Owens Corning's first-quarter 2023 results revealed net sales of $2.3 billion, aligning with the previous year, and net earnings reached $383 million. The company's adjusted EBIT margin stood at 15%, while the adjusted EBITDA margin was 21%.
Net Sales of $2.3 Billion, in-line with Prior Year
Adjusted EBIT Margins of 15% and Adjusted EBITDA Margins of 21%
Diluted EPS of $4.17 and Adjusted Diluted EPS of $2.77
Operating Cash Outflow of $164 Million and Free Cash Outflow of $322 Million
Revenue by Segment
Forward Guidance
For second-quarter 2023, the company expects a moderate decline in net sales, versus the comparable quarter in the prior year, while continuing to generate mid-teen EBIT margins.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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