Owens Corning (NYSE:OC) Posts Quarterly Earnings Results, Misses Expectations By $0.63 EPS

Posted by George Bondi on Nov 5th, 2026

Owens Corning (NYSE:OC – Get Free Report) released its quarterly earnings results on Wednesday. The construction company reported $2.44 earnings per share for the quarter, missing the consensus estimate of $3.07 by ($0.63), FiscalAI reports. The firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.62 billion. Owens Corning had a negative net margin of 6.81% and a positive return on equity of 20.52%. The company’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.67 earnings per share.

Here are the key takeaways from Owens Corning’s conference call:

Owens Corning generated $489 million in adjusted EBITDA at a 20% margin and $622 million in free cash flow in Q3 despite lower volumes and inflation. Revenue declined $195 million year over year, while a $476 million non-cash Doors impairment contributed to a reported net loss of $248 million.
The company expects Q4 revenue of $2.0 billion–$2.2 billion and an enterprise adjusted EBITDA margin of 10%–12%, reflecting weak demand, inflation and transportation costs, seasonality, and additional downtime. Roofing distributors are expected to continue destocking after a second consecutive year of below-average storm activity.
Roofing maintained a 29% Q3 EBITDA margin despite lower sales, while Insulation revenue rose 6% and EBITDA increased slightly, supported by non-residential and European demand. Management expects continued non-residential strength, though it cautioned that Insulation’s Q4 growth rate is not expected to remain at the recent pace indefinitely.
Doors sales fell 11% and the segment posted a 5% Q3 EBITDA margin as lower volumes and inflation outweighed pricing and cost actions. Management expects low-single-digit Q4 margins amid continued weak markets, inflation, tariffs, and production downtime.
Management reiterated its longer-term potential to reach approximately $12.5 billion in revenue, mid-20% EBITDA margins, and at least $1.5 billion in annual free cash flow in better markets, supported by investments in capacity, productivity, and customer programs. It is prioritizing debt reduction for now and expects to complete the remaining portion of its $2 billion shareholder-return commitment in 2027.

Owens Corning Stock Down 2.9%

OC stock traded down $3.70 during trading on Thursday, hitting $124.10. 2,050,665 shares of the stock traded hands, compared to its average volume of 1,235,794. Owens Corning has a 1 year low of $97.53 and a 1 year high of $159.91. The firm’s 50 day moving average is $122.84 and its two-hundred day moving average is $126.13. The stock has a market cap of $9.81 billion, a price-to-earnings ratio of -15.40, a price-to-earnings-growth ratio of 3.47 and a beta of 1.31. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.16 and a quick ratio of 0.67.

Owens Corning Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 5th. Investors of record on Monday, October 19th will be paid a $0.79 dividend. The ex-dividend date is Monday, October 19th. This represents a $3.16 dividend on an annualized basis and a yield of 2.5%. Owens Corning’s payout ratio is presently -39.21%.

Owens Corning News Summary

Here are the key news stories impacting Owens Corning this week:

Positive Sentiment: Wells Fargo raised its price target to $133 from $125 and assigned an “overweight” rating, implying potential upside from the reference price. Wells Fargo rating update
Neutral Sentiment: Truist lifted its target to $120 from $115 but kept a “hold” rating; Deutsche Bank lowered its target to $134 from $145 while retaining a “buy” rating. The revisions point to differing views on OC’s outlook. Truist price target update Deutsche Bank price target update
Negative Sentiment: Royal Bank of Canada cut its target to $119 from $127 and maintained a “sector perform” rating, signaling downside from the reference price. RBC rating update
Negative Sentiment: Third-quarter adjusted EPS of $2.44 missed estimates, while revenue of $2.49 billion fell short of forecasts and declined 7% year over year. Reported results included a $476 million non-cash impairment charge related to the Doors business. Owens Corning third-quarter results
Negative Sentiment: For Q4, Owens Corning expects revenue of $2.0 billion–$2.2 billion and adjusted EBITDA margin of about 10%–12%, citing storm-related and inflation headwinds. Fourth-quarter outlook

Analysts Set New Price Targets

Several equities analysts have commented on the company. Benchmark reissued a “hold” rating on shares of Owens Corning in a research report on Wednesday, July 15th. Vertical Research downgraded shares of Owens Corning from a “hold” rating to a “sell” rating and set a $106.00 target price on the stock. in a research report on Wednesday, October 7th. Zacks Research lowered shares of Owens Corning from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, October 12th. Barclays lowered their price target on shares of Owens Corning from $177.00 to $162.00 and set an “overweight” rating for the company in a research report on Tuesday, October 6th. Finally, Citigroup boosted their price objective on shares of Owens Corning from $149.00 to $177.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $142.43.

View Our Latest Stock Report on OC

Insider Activity

In other news, insider Rachel Barthelemy Marcon sold 900 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $144.07, for a total transaction of $129,663.00. Following the sale, the insider owned 21,449 shares in the company, valued at $3,090,157.43. This represents a 4.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.92% of the company’s stock.

Owens Corning Company Profile

(Get Free Report)

Owens Corning (NYSE:OC) is a global building materials company that develops and manufactures products used in residential, commercial and industrial construction. Its offerings are designed to improve energy efficiency, weather protection, durability and comfort in buildings.

The company’s primary businesses include roofing, insulation and doors. Its products include asphalt roofing shingles and components, fiberglass and mineral wool insulation, and residential and commercial door systems.