Overview

* Owens Corning ( OC ) Q2 net sales rise 10% yr/yr to $2.7 bln, beating analyst expectations, per LSEG data

* Adjusted diluted EPS for Q2 at $4.21, surpassing consensus, per LSEG data

* Co returned $279 mln to shareholders via dividends and share repurchases

Outlook

* Owens Corning ( OC ) expects Q3 revenue of $2.7 bln to $2.8 bln

* Company anticipates Q3 adjusted EBITDA margin of 23% to 25%

* Owens Corning ( OC ) sees decline in roofing repair demand due to less storm activity

* Company expects European market conditions to improve in H2 2025

Result Drivers

* DOORS ACQUISITION - Net sales growth includes impact from Doors business acquired in May 2024

* COMMERCIAL EXECUTION - Strong operational execution and positive price/cost dynamics drove results

* STRATEGIC CHANGES - Structural changes and strategic choices helped maintain high adjusted EBITDA margins

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Beat $2.75 $2.70

bln bln (17

Analysts

)

Q2 Beat $4.21 $3.82

Adjusted (17

EPS Analysts

)

Q2 EPS $3.91

Q2 Net $334 mln

Income

Q2 Beat $703 mln $660.90

Adjusted mln (14

EBITDA Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the construction supplies & fixtures peer group is "buy"

* Wall Street's median 12-month price target for Owens Corning ( OC ) is $167.00, about 15.7% above its August 5 closing price of $140.84

* The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)