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Dec 31, 2021
Owens Corning Q4 2021 Earnings Report
Owens Corning reported strong fourth-quarter and full-year 2021 results, with net sales increasing by 11% and net earnings attributable to Owens Corning at $227 million.
Key Takeaways
Owens Corning reported a strong finish to 2021, with record full-year results. The company's fourth-quarter net sales increased by 11% to $2.131 billion, and net earnings attributable to Owens Corning were $227 million. The company is managing inflation and supply chain disruptions.
Net Sales increased of 20% in 2021 to $8.5 Billion
Full-Year Net Earnings of $1.0 Billion Resulting in Diluted EPS of $9.54
Expanded 2021 Adjusted EBITDA Margins to 22% and Adjusted EBIT Margins to 17%
Increased Operating Cash Flow to $1.5 Billion and Free Cash Flow to $1.1 Billion in 2021 with Conversion of 112%
Owens Corning
Owens Corning
Owens Corning Revenue by Segment
Revenue by Segment
Roofing Revenue
CapyFin.comInsulation Revenue
CapyFin.com Forward Guidance
The company expects the U.S. residential housing market and global commercial and industrial markets to remain strong. For first-quarter 2022, the company expects overall performance to result in net sales and adjusted EBIT growth for the quarter, versus the comparable quarter in the prior year.
Positive Outlook
- U.S. residential housing market to remain strong
- Global commercial and industrial markets to remain strong
- Expects overall performance to result in net sales growth for Q1 2022
- Expects adjusted EBIT growth for Q1 2022
Challenges Ahead
- Ongoing impacts of inflation
- Supply chain disruptions
- Regional impacts of the COVID-19 pandemic on the business
Revenue & Expenses
Visualization of income flow from segment revenue to net income