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Sep 30, 2022
Owens Corning Q3 2022 Earnings Report
Owens Corning sustained its strong performance and delivered another outstanding quarter despite shifting market conditions.
Key Takeaways
Owens Corning reported a strong third quarter with net sales increasing by 14% to $2.5 billion. The company delivered diluted EPS of $4.84 and adjusted diluted EPS of $3.57. They generated operating cash flow of $461 million and free cash flow of $367 million.
Reported Net Sales Increase of 14% to $2.5 Billion
Expanded Adjusted EBIT Margins to 19% and Adjusted EBITDA Margins to 24%
Delivered Diluted EPS of $4.84 and Adjusted Diluted EPS of $3.57
Generated Operating Cash Flow of $461 Million and Free Cash Flow of $367 Million
Owens Corning
Owens Corning
Owens Corning Revenue by Segment
Revenue by Segment
Roofing Revenue
CapyFin.comInsulation Revenue
CapyFin.com Forward Guidance
For fourth-quarter 2022, the company expects overall performance to result in growth of net sales and adjusted EBIT for the quarter, versus the comparable quarter in the prior year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income