Owens Corning Earnings Recaps
Q3 2026
Nov 9, 2026
Owens Corning’s shares rose 8.5% after earnings, with investors apparently responding to $489 million of adjusted EBITDA, a 20% margin and $622 million of free cash flow despite weaker-than-expected market conditions. The quarter also had clear headwinds: storm activity fell short of the company’s outlook assumptions, while transportation and input costs rose.
Key takeaways
- Revenue was $2.5 billion; adjusted EBITDA was $489 million, with a 20% adjusted EBITDA margin.
- Free cash flow reached $622 million, above the company’s third-quarter average for the prior five years. Owens Corning returned $337 million to shareholders through dividends and share repurchases.
- Residential markets remained challenging, and storm activity was weaker than the company had assumed; rapidly rising transportation and input-material costs added pressure.
- Roofing performance was supported by contractor engagement, mix shift toward higher-value laminate shingles and growth in components. In Insulation, the company cited opportunities in nonresidential and European markets, while residential remained under pressure.
- Doors performance continued to face soft demand, inflation and tariffs, which management said were masking progress from its integrated go-to-market strategy.
Q3 2025
Nov 6, 2025
Owens Corning reported solid third-quarter results with $2.7 billion in revenue and a 24% adjusted EBITDA margin, despite facing challenging market conditions and weakening residential trends.
Key takeaways
- Generated $638 million in adjusted EBITDA, reflecting strong cash flow and disciplined capital allocation.
- Returned over $700 million of the $2 billion capital return commitment through dividends and share repurchases.
- Experienced impacts from a quiet storm season affecting roofing demand and slower housing starts influencing insulation sales.
- Achieved margin improvements of over 500 basis points in roofing and insulation despite market headwinds.
- Confidently positioned for future growth in both North America and Europe, leveraging structural improvements and strategic investments.