Loading...
•
Dec 31, 2024
Owens Corning Q4 2024 Earnings Report
Owens Corning reported a revenue increase of 23% in Q4 2024 but posted a net loss due to strategic restructuring.
Key Takeaways
Owens Corning reported Q4 2024 revenue of $2.84 billion, a 23% increase from the prior year. The company posted a net loss of $258 million, primarily due to impairment and restructuring charges. Adjusted EBIT rose 10% to $430 million, with adjusted EPS at $3.22. The newly acquired Doors business contributed $564 million in revenue. Free cash flow for the quarter was $479 million.
Revenue increased by 23% YoY to $2.84 billion, driven by strong performance across core segments.
Reported a net loss of $258 million due to impairment charges and restructuring expenses.
Adjusted EBIT rose 10% YoY to $430 million, while adjusted EPS remained steady at $3.22.
Free cash flow for the quarter reached $479 million despite higher capital expenditures.
Owens Corning
Owens Corning
Owens Corning Revenue by Segment
Revenue by Segment
Roofing Revenue
CapyFin.comInsulation Revenue
CapyFin.comDoors Revenue
CapyFin.com Forward Guidance
Owens Corning expects mid-20% revenue growth in Q1 2025, with EBITDA margins in the low 20% range. Capital expenditures are expected to rise as the company invests in growth initiatives.
Positive Outlook
- Revenue expected to grow mid-20% in Q1 2025.
- Continued strong free cash flow generation.
- Strategic investments in core product lines to drive future growth.
- Maintaining commitment to returning 50% of free cash flow to shareholders.
- Operational efficiencies expected to support margin stability.
Challenges Ahead
- Short-term headwinds in European markets expected to persist.
- Residential and commercial construction demand projected to remain soft.
- Incremental tariffs may impact near-term costs.
- Higher capital expenditures expected in the near term.
- Continued restructuring efforts may create additional short-term financial pressure.
Revenue & Expenses
Visualization of income flow from segment revenue to net income