NYSE$OC
Owens Corning Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Owens Corning reported strong performance driven by the resiliency of the team, the strength of its businesses, and the earnings power of the company amid changing market conditions.
Owens Corning reported a net sales increase of 7% and net earnings attributable to Owens Corning of $124 million. The company's adjusted EBIT was $333 million and adjusted EBITDA was $460 million. Diluted EPS was $1.32 and adjusted diluted EPS was $2.49. Operating cash flow was $675 million and free cash flow was $535 million.
- Net sales increased by 7% compared to the prior year.
- Net earnings attributable to Owens Corning decreased by 45%.
- Adjusted EBIT increased by 2% year-over-year.
- Free cash flow was $535 million, up from $162 million in the prior year.
Headline financials
Revenue & EPS history
Owens Corning · Revenue · Quarterly
$2.29B
Revenue by segment
Owens Corning · $1.76B total across 2 segments · Q4 2022
- Insulation$956M+10.8%54.5%
- Roofing$799M+12.2%45.5%
Forward guidance
The company expects many of its end markets to be more challenging as the impacts of ongoing inflation, higher interest rates, and continued geopolitical uncertainties result in a decelerating global economic environment. For first-quarter 2023, the company expects overall performance to result in a moderate decline of net sales, versus the comparable quarter in the prior year, with EBIT margins of low to mid-teens.
Headwinds
- Ongoing inflation
- Higher interest rates
- Continued geopolitical uncertainties
- Decelerating global economic environment
- Moderate decline of net sales
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 Q4 2022
-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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