Owens Corning Q1 revenue falls less than expected

Owens Corning

06/05/2026 11:09

Overview

US building products maker's Q1 revenue fell 10% yr/yr but beat analyst expectations

Adjusted EPS for Q1 declined 59% yr/yr but beat analyst expectations

Company completed sale of glass reinforcements business to focus on core portfolio

Outlook

Owens Corning expects Q2 revenue from continuing operations of $2.6 bln to $2.7 bln

Company anticipates Q2 adjusted EBITDA margin from continuing operations of 20% to 22%

Owens Corning expects $60 mln incremental inflationary costs in Q2 due to Iran conflict

Result Drivers

MARKET CONDITIONS - Co said Q1 performance was driven by solid commercial and operational execution despite challenging market environment

PORTFOLIO SHIFT - Completion of glass reinforcements business sale positions co to focus on core building products and unlock cost efficiencies

OPERATIONAL DISCIPLINE - Co emphasized focus on operational discipline and integrated execution to support margins and future growth

Company press release: ID:nBw1v7x1pa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$2.27 bln
$2.16 bln (18 Analysts)
Q1 Adjusted EPS
Beat
$1.22
$0.95 (18 Analysts)
Q1 EPS
$0.47
Q1 Net Income
$38 mln
Q1 Adjusted EBITDA
Beat
$369 mln
$338.21 mln (15 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 9 "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 $134.50, about 9.4% above its May 5 closing price of $122.90

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)