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Owens Corning (OC) investor relations material

Owens Corning Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary5 Nov, 2025

Executive summary

  • Q3 2025 net sales were $2.68 billion, down 3% year-over-year, with a net loss of $495 million primarily due to a $780 million non-cash goodwill impairment in the Doors segment.

  • Adjusted EBITDA was $638 million (24% margin), and adjusted EPS was $3.67, reflecting resilient operational performance despite market headwinds.

  • Over $700 million was returned to shareholders year-to-date through dividends and share repurchases, with a target of $2 billion by end of 2026.

  • The company completed the Masonite acquisition, expanding the Doors segment, and entered into a definitive agreement to sell its global glass reinforcements (GR) business.

  • Recognized in the top 10 of the 100 Best Corporate Citizens list for ESG performance.

Financial highlights

  • Q3 2025 net sales were $2.68 billion, down 3% year-over-year; year-to-date net sales rose 9% to $7.96 billion.

  • Adjusted EBITDA for Q3 2025 was $638 million (24% margin), down from $705 million (26%) in Q3 2024.

  • Adjusted EPS for Q3 2025 was $3.67, compared to $4.05 in Q3 2024.

  • Free cash flow for Q3 2025 was $752 million, up from $558 million in the prior year, aided by working capital management and lower cash taxes.

  • Q3 2025 net loss margin was (18%) due to the impairment; gross margin was 28% of net sales.

Outlook and guidance

  • Q4 2025 revenue expected at $2.1–$2.2 billion, down mid to high teens year-over-year, with adjusted EBITDA margin of 16–18%.

  • Full-year 2025 revenue projected to be up modestly versus prior year, with EBITDA margin of 22–23%.

  • Roofing Q4 revenue expected down mid-20% year-over-year; insulation and doors revenue to decline high single digits.

  • CapEx for 2025 expected at $800 million, including $80 million for glass reinforcements.

  • Long-term targets reaffirmed, including $5 billion cumulative free cash flow by 2028.

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Frequently asked questions

Owens Corning is a global manufacturer of building and industrial materials. The company produces insulation, roofing, and composites used in residential, commercial, and industrial applications. Its materials contribute to energy efficiency, durability, and safety across the construction and manufacturing sectors. The company is headquartered in Toledo, Ohio, and its shares are listed on the NYSE.

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