Owens Corning (OC) Tops Q2 EPS by 50c
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Owens Corning Delivers Record Net Sales of $2.6 Billion; Generates Net Earnings of $343 Million and Adjusted EBIT of $525 Million
July 27, 2022 6:00 AM EDTTOLEDO, Ohio--(BUSINESS WIRE)-- Owens Corning (NYSE: OC), a global building and construction materials leader, today reported second-quarter 2022 results.
Reported Net Sales Increase of 16% to $2.6 Billion Expanded Adjusted EBIT Margins to 20% and Adjusted EBITDA Margins to 25% Delivered Diluted EPS of $3.49 and Adjusted Diluted EPS of $3.83 Generated Operating Cash Flow of $466 Million and Free Cash Flow of $361 Million Returned $136 Million of Free Cash Flow to Shareholders through Dividends and Share RepurchasesOwens Corning delivered another outstanding quarter while advancing our enterprise strategy which... More
