Building materials maker Owens Corning misses Q3 sales, profit estimates on weakness in US housing market

Owens Corning

05/11/2025 11:13

Overview

Owens Corning Q3 net sales fell 3% yr/yr, missing analyst expectations

Adjusted EPS for Q3 missed analyst expectations

Company recorded $780 mln impairment charge related to Doors business

Outlook

Owens Corning expects Q4 revenue to be $2.1 bln to $2.2 bln

Company anticipates Q4 adjusted EBITDA margin of 16% to 18%

Company expects minimal Q4 tariff impact, reducing exposure to $10 mln

Result Drivers

WEAK RESIDENTIAL DEMAND - Co cites weakening residential demand trends in the U.S. impacting volumes in repair and remodel and new construction product lines

IMPAIRMENT CHARGE - Co recorded $780 mln non-cash impairment charge related to Doors business

EFFICIENCY IMPROVEMENTS - Co highlights strategic choices and structural improvements leading to greater efficiency and performance

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Miss
$2.68 bln
$2.69 bln (17 Analysts)
Q3 Adjusted EPS
Miss
$3.67
$3.70 (17 Analysts)
Q3 EPS
-$5.93
Q3 NET INCOME
-$495 mln
Q3 Adjusted EBITDA
Miss
$638 mln
$643.74 mln (15 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction supplies & fixtures peer group is "buy"

Wall Street's median 12-month price target for Owens Corning is $170.50, about 28% above its November 4 closing price of $122.72

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nBwbGBWmTa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)