Owens Corning Q1 Report 2024

“Owens Corning started the year with first-quarter results that continue to highlight our strong and consistent enterprise performance. These results are driven by the strength of our team and the actions we have taken over the last several years to generate higher, more resilient earnings,” said Chair and Chief Executive Officer Brian Chambers. “We remain focused on helping our customers win in the market and delivering value to our shareholders in the near-term, while looking ahead to opportunities that grow our company and strengthen our leadership in building and construction materials.”

Highlights

• Reported Net Sales of $2.3 Billion, in-line with Prior Year
• Generated Net Earnings Margins of 13%, Adjusted EBIT Margins of 19%, and Adjusted EBITDA Margins of 25%
• Delivered Diluted EPS of $3.40 and Adjusted Diluted EPS of $3.59
• Produced Operating Cash Flow of $24 Million and Free Cash Outflow of $128 Million
• Returned $182 Million to Shareholders through Dividends and Share Repurchases