NYSE$OC
Owens Corning Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Company delivered net sales and posted strong net earnings.
Owens Corning reported consolidated net sales of $1.9 billion in Q3 2020, a 1% increase compared to Q3 2019. Net earnings attributable to Owens Corning were $206 million, or $1.88 per diluted share, compared to $150 million, or $1.36 per diluted share, in Q3 2019. Adjusted EBIT was $289 million, compared with $277 million in 2019.
- Company achieved strong financial results in improving markets
- Roofing generated $196 million of EBIT with 26% EBIT margins
- Insulation delivered $73 million of EBIT with 11% EBIT margins
- Composites produced $55 million of EBIT with 11% EBIT margins
Headline financials
Revenue & EPS history
Owens Corning · Revenue · Quarterly
$1.9B
Revenue by segment
Owens Corning · $1.44B total across 2 segments · Q3 2020
- Roofing$761M+6.7%52.8%
- Insulation$681M-1.7%47.2%
Forward guidance
The company expects to continue to capitalize on near-term market demand, control costs, and sustain strong conversion of adjusted earnings into free cash flow as residential, commercial, and industrial markets recover.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2020
-0.9%
Avg return
Earnings day
-1.1%
Avg return
5 days after
+0.5%
Avg return
30 days after
38%
26 / 68 earnings
Positive
+19.5%
Q3 2011
Best reaction
-13.9%
Q2 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.1% | -2.6% | -3.1% | |
| Q4 2025 | -2.3% | -7.8% | -17.4% | |
| Q3 2025 | -9.5% | -15.8% | -7.4% | |
| Q1 2025 | -8.5% | +0.4% | -5.1% | |
| Q4 2024 | -1.6% | -6.9% | -10.7% | |
| Q3 2024 | +2.7% | +6.0% | +10.6% | |
| Q2 2024 | -6.3% | -4.5% | -3.3% | |
| Q1 2024 | -1.5% | +2.4% | +8.2% | |
| Q4 2023 | -3.3% | -4.8% | +8.7% | |
| Q3 2023 | -7.7% | -8.7% | +7.9% | |
| Q2 2023 | +6.3% | +7.1% | +3.6% | |
| Q1 2023 | +4.0% | +6.1% | +9.9% | |
| Q4 2022 | -1.7% | -3.4% | -13.2% | |
| Q3 2022 | -6.7% | -4.2% | +1.8% | |
| Q2 2022 | +8.7% | +12.3% | +3.1% | |
| Q1 2022 | +6.7% | +8.3% | +13.0% | |
| Q4 2021 | +5.8% | +6.2% | +6.3% | |
| Q3 2021 | +3.3% | +4.1% | -3.4% | |
| Q2 2021 | +4.5% | +2.4% | +6.9% | |
| Q1 2021 | +1.3% | +2.3% | +9.8% | |
| Q4 2020 | -2.2% | -2.1% | +8.0% | |
| Q3 2020 | -2.3% | -1.1% | +7.9% | |
| Q2 2020 | +0.0% | +1.4% | +12.9% | |
| Q1 2020 | +8.1% | +1.1% | +30.9% | |
| Q4 2019 | +6.1% | -1.8% | -50.5% | |
| Q3 2019 | -2.7% | -0.6% | +6.1% | |
| Q2 2019 | +7.6% | +3.6% | -0.7% | |
| Q1 2019 | -9.6% | -6.7% | -10.2% | |
| Q4 2018 | -6.9% | -10.7% | -16.5% | |
| Q3 2018 | -4.5% | -6.2% | +8.0% | |
| Q2 2018 | -7.1% | -3.8% | -12.1% | |
| Q1 2018 | -11.8% | -13.5% | -14.9% | |
| Q4 2017 | -2.5% | -1.9% | -11.0% | |
| Q3 2017 | -2.0% | +0.8% | +8.4% | |
| Q2 2017 | +6.0% | +4.6% | +9.4% | |
| Q1 2017 | -2.3% | -3.1% | -0.9% | |
| Q4 2016 | +2.7% | +4.1% | +11.0% | |
| Q3 2016 | -3.0% | -2.0% | +7.9% | |
| Q2 2016 | -1.6% | -2.6% | -1.9% | |
| Q1 2016 | -9.0% | — | — | |
| Q4 2015 | -1.7% | — | — | |
| Q3 2015 | -0.7% | — | — | |
| Q2 2015 | +2.6% | — | — | |
| Q1 2015 | -3.9% | — | — | |
| Q4 2014 | -2.7% | — | — | |
| Q3 2014 | +3.1% | — | — | |
| Q2 2014 | -4.5% | — | — | |
| Q1 2014 | -4.8% | — | — | |
| Q4 2013 | +8.4% | — | — | |
| Q3 2013 | -4.9% | — | — | |
| Q2 2013 | -1.4% | — | — | |
| Q1 2013 | +6.3% | — | — | |
| Q4 2012 | -10.7% | — | — | |
| Q3 2012 | -4.3% | — | — | |
| Q2 2012 | +5.2% | — | — | |
| Q1 2012 | -0.2% | — | — | |
| Q4 2011 | -4.4% | — | — | |
| Q3 2011 | +19.5% | — | — | |
| Q2 2011 | -13.9% | — | — | |
| Q1 2010 | +2.4% | — | — | |
| Q1 2011 | +2.0% | — | — | |
| Q4 2008 | +10.7% | — | — | |
| Q4 2010 | +10.7% | — | — | |
| Q3 2010 | -3.0% | — | — | |
| Q3 2009 | -3.0% | — | — | |
| Q2 2009 | -8.1% | — | — | |
| Q4 2009 | -8.1% | — | — | |
| Q2 2010 | -8.1% | — | — |
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