08:30 AM EDT, 05/07/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:
Owens Corning ( OC ) reported Q1 adj. EPS of $2.97, beating consensus by $0.10, though sales of $2.5B missed estimates by $10M despite rising 25% Y/Y, primarily due to the Doors business acquisition contributing $540M. Excluding the acquisition, sales declined 13% Y/Y, while adjusted EBIT margin contracted 170 bps. Management expects repair markets to remain solid but anticipates continued weakness in new construction and remodeling, with emerging headwinds in nonresidential markets. The company successfully managed potential tariff impacts through mitigation efforts, expecting to reduce its $50M exposure to a net impact of $10M, primarily in the Doors business. Cash from operations declined to ($49M) from +$24M in Q1 2024 and FCF fell to ($252M) from ($128M), though OC maintained shareholder returns of $159M through dividends and buybacks. The company noted that its previously announced divestiture of its glass reinforcements business remains on track to close in 2025.