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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%
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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