8-K ·Filed Aug 5, 2026

OC

Owens Corning
BULLISH
Impact 6/10
Horizondays Processed1mo ago SEC0001370946-26-000175
8-K Item 2.02: Earnings release
Actionable Insight ▲ Bullish

The 28% EPS beat and robust cash flow affirm the post-divestiture earnings power. However, Q3 revenue guidance slightly below prior year and Iran cost headwinds warrant watch for demand softening. Strength in Roofing (+1% sales) and Insulation (+4% sales) partly offset Doors decline (-7%). Expect positive near-term momentum from capital return program.

DirectionBullish
Confidencehigh
Horizondays
Latest settled — T+20d ⚠ clustered
OC ▼ -11.95% at T+20d
LONG call ✗ call lost -11.95% · α vs SPY -11.35% · entry $152.47 → $134.25
Next anchor: T+60d in 27d
Latest observation: T+39 -26.68% FF3 residual α
Entry anchored
Aug 5, 05:03 AM ET
via 1-min bar
T+1d
-1.23%
call -1.23% · α -1.07%
$150.60
settled 8w ago
T+5d
+1.52%
call +1.52% · α +1.17%
$154.78
settled 7w ago
T+20d
-11.95%
call -11.95% · α -11.35%
$134.25
settled 4w ago
T+60d
—
call — · α —
—
in 27d

Price Chart

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Executive Summary

Owens Corning reported Q2 2026 adjusted diluted EPS of $3.93, beating the $3.06 consensus by 28%, with net sales of $2.8B flat YoY. Adjusted EBITDA margin reached 24%, operating cash flow was $398M, and $264M was returned to shareholders. The company maintained its full-year outlook but guided Q3 revenue slightly below prior year, citing inventory destocking and $40M in Iran conflict costs.

Key Financial Metrics

EPS
$3.93
est $3.06 · +28.4%
Revenue
$2.8B
0.0% YoY
Rating
beat
Guidance
$2.6B-$2.7B
maintained
Free Cash Flow
$199.0M

Key Facts

  • Adjusted diluted EPS from continuing operations: $3.93 vs consensus $3.06 (beat +28.4%)
  • Net sales from continuing operations: $2,756M, flat YoY ($2,747M)
  • Adjusted EBITDA margin: 24% (Q2 2025: 26%)
  • Operating cash flow: $398M (up 22% YoY); Free cash flow: $199M (up 54% YoY)
  • Returned $264M to shareholders: $200M in share repurchases (1.7M shares) and $64M in dividends
  • Q3 2026 outlook: revenue $2.6B-$2.7B, Adjusted EBITDA margin 20%-22%
  • Full-year 2026 outlook maintained: CapEx ~$800M, D&A ~$680M, interest expense $255-$265M
  • Completed sale of glass reinforcements business on April 30, 2026; $135M cost synergies achieved in Doors (exceeded $125M target)

Financial Impact

Q2 EPS beat consensus by $0.87 (28.4%), with strong cash flow generation and margin resilience

epsadjustedEbitdaMarginoperatingCashFlowfreeCashFlow

Risk Factors

  • Incremental $40M Iran conflict costs in Q3
  • Heavy Q2 inventory stocking may dampen Q3 distributor purchases
  • Discretionary remodeling and residential new construction remain under pressure
  • Potential tariffs or trade policy changes
  • Doors segment sales down 7% YoY, need to monitor recovery

Market Snapshot

Exchange
NYSE
Sector
Abrasive, Asbestos & Misc Nonmetallic Mineral Prods
Analyst Consensus
70% bullish (27 analysts)

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001370946-26-000175
Document: oc-20260805.htm0001370946-26-000175
Document: 0001370946-26-000175-index-headers.html0001370946-26-000175
Document: 0001370946-26-000175-index.html0001370946-26-000175
Document: 0001370946-26-000175.txt0001370946-26-000175
8-K Data (Synthetic)0001370946-26-000175
4 reports for OC
Performance horizon
67% Hit rate 2 of 3 directional calls best @ T+20▲ +12.62%Feb 25, 2026
Filters
Rows
Reports for OC — sortable, filterable
TypeNow
Aug 5, 2026
8w ago
8-K
BULLISH ★ 6/10
$152.47 $134.25▼ −11.95%▼ −11.35%$118.11 (−22.53%)
May 6, 2026
21w ago
8-K
BEARISH ★ 7/10
$122.96 $120.16▲ +2.28%▲ +5.06%$118.11 (+3.94%)
Apr 15, 2026
24w ago
8-K
BEARISH ★ 6/10
$117.63 $118.56▼ −0.79%▲ +5.03%$118.11 (−0.41%)
Feb 25, 2026
31w ago
8-K
BEARISH ★ 7/10
$123.14 $107.60▲ +12.62%▲ +7.38%$118.11 (+4.08%)
Showing 4 of 4

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