Owens Corning Posts Strong Q2 with $3.93 Adjusted EPS, Synergies Exceed Targets
OC sits 49% above its 52-week low of $97.53.
Summary
Owens Corning delivered Q2 adjusted EPS of $3.93 on net sales of $2.76B, roughly flat year-over-year but with margins holding at 24% adjusted EBITDA. The reshaped, residential-focused company is showing resilience after a tough Q1 that saw a $105M net loss. The glass reinforcements sale closed in April, and cost synergies from the Doors acquisition hit $135M, beating the $125M target. Management also flagged an additional $75M in structural cost improvements underway. With $264M returned to shareholders this quarter, the $2B capital return plan for 2025-2026 remains on track. This follows the June takeover interest from Carlisle Companies and the July CFO appointment—together painting a picture of a company in transition that is executing well operationally.
At the time of this announcement, OC was trading at $145.57 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $11.7B. The 52-week trading range was $97.53 to $159.91. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.