NYSE$OC
Owens Corning Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Owens Corning reported a record third quarter, driven by exceptional execution and strategic choices to enhance earnings power.
Owens Corning reported consolidated net sales of $2.2 billion, a 16% increase compared to Q3 2020. Net earnings attributable to Owens Corning were $260 million, or $2.50 per diluted share. Adjusted EBIT was $400 million, compared to $289 million in the same period in 2020.
- Delivered net sales of $2.2 billion.
- Net earnings of $260 million and adjusted EBIT of $400 million.
- Adjusted EBIT margins of 18%, with all three businesses posting double digit EBIT margins for a fifth consecutive quarter.
- Generated operating cash flow of $466 million and free cash flow of $400 million.
Headline financials
Revenue & EPS history
Owens Corning · Revenue · Quarterly
$2.21B
Revenue by segment
Owens Corning · $1.68B total across 2 segments · Q3 2021
- Roofing$869M+14.2%51.6%
- Insulation$815M+19.7%48.4%
Forward guidance
The company expects the U.S. residential housing market and global commercial and industrial markets to remain strong. The company continues to closely monitor and manage inflation, supply chain disruptions, and the regional impacts of the COVID-19 pandemic on the business.
Tailwinds
- U.S. residential housing market expected to remain strong.
- Global commercial and industrial markets expected to remain strong.
Headwinds
- Inflation
- Supply chain disruptions
- Regional impacts of the COVID-19 pandemic on the business
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 2021
-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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