Owens Corning Q3 sales dives 7% to $2.5 billion
Key points
- Owens Corning reported third-quarter 2026 net sales of $2.49 billion, down 7% year over year, amid weaker residential construction and roofing demand.
- The company recorded a $248 million net loss attributable to shareholders and a $3.15 diluted loss per share, reflecting $476 million in non-cash impairment charges.
- Owens Corning expects fourth-quarter revenue of $2.0 billion–$2.2 billion and an adjusted EBITDA margin of 10%–12%, citing higher costs and weaker demand.
Owens Corning (NYSE:OC) reported third-quarter 2026 sales of $2.49 billion, down 7%, while recording a $248 million net loss.
Revenue declined from $2.68 billion a year earlier, while adjusted earnings fell to $2.44 per share from $3.67.
The company recorded $476 million in non-cash impairment charges related to its Doors business, while operating cash flow reached $813 million.
Owens Corning expects fourth-quarter revenue of $2.0 billion–$2.2 billion and adjusted EBITDA margins of 10%–12%, citing higher costs.
Roofing revenue declined 16% to $1.04 billion, while Insulation revenue increased 6% to $1 billion and Doors revenue fell 11%.
The company returned $337 million to shareholders through dividends and repurchases, reduced debt by $299 million and generated $622 million in free cash flow.
