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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.
Revenue by Segment
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.
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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