Owens Corning Q2 Earnings Call Highlights

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Sat, August 8, 2026 astatine 5:03 PM CDT 7 min read

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Owens Corning (NYSE:OC) reported second-quarter 2026 gross of $2.8 cardinal and adjusted EBITDA of $660 million, producing a 24% adjusted EBITDA borderline arsenic the building-products shaper cited commercialized and operational initiatives that helped offset uneven operation and remodeling conditions.

Adjusted net per diluted stock were $3.93. Revenue was comparatively level from the prior-year period, portion escaped currency travel roseate to $199 cardinal from $129 cardinal a twelvemonth earlier. The institution said it returned $264 cardinal to shareholders during the 4th done $200 cardinal of stock repurchases and $64 cardinal successful dividends, bringing first-half superior returns to $327 million.

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"Our squad delivered outstanding results successful the 2nd quarter, demonstrating the spot of the institution we person built and our quality to execute astatine a precocious level successful immoderate marketplace condition," Chair and CEO Brian Chambers said.

Costs, superior spending and enactment changes

Chief Financial and Operating Officer Todd Fister said second-quarter EBITDA included a $25 cardinal payment from tariff refunds, with astir fractional of the refund affecting the doors concern and the remainder dispersed crossed the enterprise. The refunds partially offset $30 cardinal successful nett outgo ostentation related to the Iran conflict, helium said.

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Owens Corning expects the nett outgo interaction related to Iran to beryllium astir $40 cardinal successful the 3rd 4th arsenic ostentation moves done inventory, with roofing expected to beryllium the astir affected segment. Fister said the institution has much than $20 cardinal successful imaginable further tariff refunds pending, though the timing is uncertain and the imaginable refunds were not included successful the company's third-quarter outlook.

The institution ended the 4th with $1.8 cardinal of liquidity, including $271 cardinal successful currency and $1.5 cardinal disposable nether slope indebtedness facilities. Its debt-to-EBITDA ratio was 2.4 times, adjacent the mediate of its targeted scope of 2 to 3 times. Owens Corning said it intends to wage disconnected $400 cardinal of elder notes owed successful the 3rd 4th utilizing commercialized paper.

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For the afloat year, Owens Corning expects astir $800 cardinal of superior additions, with much than fractional allocated to productivity and maturation programs. The institution is gathering a caller Fiberglas enactment successful Kansas City that is expected to statesman operating adjacent twelvemonth and initially service commercialized and concern insulation applications. It is besides constructing a roofing works successful Alabama, with capableness expected to beryllium disposable by mid-2028.

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