Building products firm Owens Corning Q2 sales beat expectations

Owens Corning

06/08/2025 11:11

Overview

Owens Corning Q2 net sales rise 10% yr/yr to $2.7 bln, beating analyst expectations, per LSEG data

Adjusted diluted EPS for Q2 at $4.21, surpassing consensus, per LSEG data

Co returned $279 mln to shareholders via dividends and share repurchases

Outlook

Owens Corning expects Q3 revenue of $2.7 bln to $2.8 bln

Company anticipates Q3 adjusted EBITDA margin of 23% to 25%

Owens Corning sees decline in roofing repair demand due to less storm activity

Company expects European market conditions to improve in H2 2025

Result Drivers

DOORS ACQUISITION - Net sales growth includes impact from Doors business acquired in May 2024

COMMERCIAL EXECUTION - Strong operational execution and positive price/cost dynamics drove results

STRATEGIC CHANGES - Structural changes and strategic choices helped maintain high adjusted EBITDA margins

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$2.75 bln
$2.70 bln (17 Analysts)
Q2 Adjusted EPS
Beat
$4.21
$3.82 (17 Analysts)
Q2 EPS
$3.91
Q2 Net Income
$334 mln
Q2 Adjusted EBITDA
Beat
$703 mln
$660.90 mln (14 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 7 "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 $167.00, about 15.7% above its August 5 closing price of $140.84

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

Press Release: ID:nBw42BkCGa

(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.)