Owens Corning (OC) Misses Q4 EPS by 5c, Beats on Revenue

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Go back to Owens Corning (OC) Misses Q4 EPS by 5c, Beats on Revenue

Owens Corning Delivers Full-Year Net Sales of $9.7 Billion; Generates Earnings of $1.2 Billion and Adjusted EBIT of $1.8 Billion

February 14, 2024 6:00 AM EST

TOLEDO, Ohio--(BUSINESS WIRE)-- Owens Corning (NYSE: OC), a global building and construction materials leader, today reported fourth-quarter and full-year 2023 results.

Reported Net Sales of $9.7 Billion, Down Slightly from Prior Year Expanded 2023 Adjusted EBIT Margins to 19% and Adjusted EBITDA Margins to 24% Delivered Diluted EPS of $13.14 and Adjusted Diluted EPS of $14.42 Generated Operating Cash Flow of $1.7 Billion and Free Cash Flow of $1.2 Billion Returned $812 Million, or 68%, of Free Cash Flow to Shareholders through Dividends and Share Repurchases

These outstanding... More