We undertake no obligation to update these statements beyond what is required under applicable securities laws. Please refer to the cautionary statements and the risk factors identified in our SEC filings for more detail. Second, presentation slides and today's remarks contain non-GAAP financial measures. Explanations and reconciliations of non-GAAP to GAAP measures may be found in our earnings press release and presentation, available on the Investors section of our website, owenscorning.com. Third, financ ...

Owens Corning (NYSE:OC) Q3 2025 Earnings Call November 05, 2025 09:00 AM ET Speaker0Hello everyone, and welcome to Owens Corning's third quarter 2025 earnings call. My name's Lydia, and I'll be your operator today. After the prepared remarks, there'll be an opportunity to ask questions. If you'd like to participate in the Q&A, you can do so by pressing star followed by one on your telephone keypad. We kindly ask that you limit yourself to one question and then return to the queue for any follow-ups to give ...

For the quarter ended September 2025, Owens Corning (OC) reported revenue of $2.68 billion, down 11.9% over the same period last year. EPS came in at $3.67, compared to $4.38 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $2.69 billion, representing a surprise of -0.3%. The company delivered an EPS surprise of +0.82%, with the consensus EPS estimate being $3.64. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- a ...

THIRD-QUARTER 2025 RESULTS Brian Chambers | Chair & Chief Executive Officer Todd Fister | Chief Financial Officer November 5, 2025 | Q3 2025 FORWARD-LOOKING STATEMENTS AND NON-GAAP MEASURES This presentation and the associated remarks contain forward-looking statements. We caution you against relying on these statements as they are subject to risks, uncertainties and other factors and actual results may differ materially from those results projected in the statements. These risks, uncertainties and other fa ...

Owens Corning (OC) came out with quarterly earnings of $3.67 per share, beating the Zacks Consensus Estimate of $3.64 per share. This compares to earnings of $4.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +0.82%. A quarter ago, it was expected that this construction materials company would post earnings of $3.8 per share when it actually produced earnings of $4.21, delivering a surprise of +10.79%.Over the last four qua ...

Core Insights - Owens Corning reported a loss in the third quarter, indicating a significant downturn in financial performance due to weak demand trends affecting multiple business segments [1] Financial Performance - The company experienced lower sales in the third quarter, reflecting a decline in volumes across various businesses [1]

Financial Performance - Net loss from continuing operations attributable to Owens Corning was $(495) million in Q3 2025, compared to $287 million in Q3 2024[232]. - Adjusted EBITDA from continuing operations for Q3 2025 was $638 million, down from $705 million in Q3 2024[232]. - Net sales for Q3 2025 decreased by $79 million to $2,684 million, while year-to-date sales increased by $684 million to $7,961 million[241][243]. - Gross margin for Q3 2025 was $757 million, a decrease of $94 million compared to Q3 2024, with a margin percentage of 28%[241][244]. - Adjusted EBITDA from continuing operations for the first nine months of 2025 was $1,906 million, slightly up from $1,898 million in the same period of 2024[255]. - Corporate, Other and Eliminations segment reported an EBITDA loss of $837 million in Q3 2025, significantly impacted by a goodwill impairment charge of $780 million[276][277]. Goodwill and Impairment - The Company recorded a non-cash goodwill impairment charge of $780 million in Q3 2025 related to the Doors reporting unit[233][246]. - The remaining balance of goodwill for the Doors reporting unit is $732 million as of September 30, 2025, which remains at risk for future impairment[320]. - No impairment was determined for the indefinite-lived tradename used by the Doors reporting unit after an interim impairment test[321]. - The Company performed a recoverability test for a certain asset group within the Doors segment, which was determined to be recoverable[323]. - The fair value used in testing for potential impairment of the tradename was calculated using the relief-from-royalty method[322]. - A 1% decrease in base year revenue would decrease fair value by approximately 1%, while a 1% decrease in revenue growth rates would decrease fair value by approximately 4%[319]. Expenses and Costs - Marketing and administrative expenses decreased by $18 million to $240 million in Q3 2025, but increased by $87 million year-to-date[241][245]. - Interest expense for Q3 2025 was $65 million, a decrease of $4 million compared to Q3 2024[241][248]. - Income tax expense for Q3 2025 was $102 million, with an effective tax rate of (26%) due to non-deductible goodwill impairment[249]. - General corporate expenses for 2025 are estimated to be approximately $240 million[279]. Sales and Segments - Roofing segment net sales increased by $19 million (2%) year-over-year in Q3 2025, driven by higher selling prices of $37 million, despite lower volumes[258][259]. - Insulation segment net sales decreased by $67 million (7%) in Q3 2025, primarily due to lower sales volumes of approximately 5% and a $33 million unfavorable impact from divestitures[263][264]. - Doors segment net sales decreased by $28 million (5%) in Q3 2025, attributed to lower volumes and selling prices, but year-to-date sales increased by $755 million (85%) due to the acquisition of Masonite[271][272]. Cash Flow and Liquidity - The Company had cash and cash equivalents of $286 million as of September 30, 2025, as part of its liquidity resources[280]. - Cash and cash equivalents decreased to $343 million as of September 30, 2025, down from $499 million a year earlier[286]. - Net cash flow from operating activities decreased by $20 million for the nine months ended September 30, 2025, compared to the same period in 2024[287]. - Net cash flow used for investing activities decreased by $2,680 million for the nine months ended September 30, 2025, primarily due to the Masonite acquisition in the prior year[288]. - Net cash flow used for financing activities increased by $1,684 million for the nine months ended September 30, 2025, driven by higher net proceeds from long-term debt related to the Masonite acquisition[289]. - The Company expects cash on hand, future cash flows, and available liquidity sources to meet anticipated cash requirements[290]. Debt and Financing - As of September 30, 2025, the Company had $5.2 billion in total debt, including $399 million of 3.4% senior notes maturing in Q3 2026[292]. - The Company has a $1.5 billion Senior Revolving Credit Facility, amended in March 2025 to increase the borrowing limit from $1.0 billion and extend the maturity to March 2030[281]. - The Company established a CP Program for issuing $1.5 billion in unsecured commercial paper notes with maturities up to 397 days[283]. - The Company had $40 million of CP Notes outstanding as of September 30, 2025, with a weighted average interest rate of 4.25%[294]. Operational Outlook - The Company expects to partially offset the impact of new tariffs through supply chain adjustments and productivity actions[240]. - The Company expects non-discretionary residential re-roof and remodeling activity to moderate in the near term, influenced by competitive pricing pressure and raw material costs[262]. - Insulation demand outlook is closely tied to North American residential construction and remodeling activity, with current housing starts at approximately 1.330 million, a slight increase from 1.326 million in Q3 2024[268][269]. Share Repurchase - The Company repurchased 3.8 million shares of its common stock for $545 million during the nine months ended September 30, 2025[339]. - As of September 30, 2025, 14.6 million shares remain available for repurchase under the Repurchase Authorizations[339]. Safety Metrics - The Recordable Incident Rate (RIR) for the three months ended September 30, 2025, was 0.56, compared to 0.58 in the same period a year ago[304]. Management and Controls - The Company’s management concluded that the disclosure controls and procedures are effective as of the end of the reporting period[331].

Exhibit 99.1 Owens Corning Announces Third-Quarter 2025 Results TOLEDO, Ohio – November 5, 2025 – Owens Corning (NYSE: OC), a building products leader, today reported third-quarter 2025 results. "Our third-quarter financial results continue to demonstrate our ability to perform at a high level even in the face of challenging market conditions, as we see weakening residential demand trends in the U.S. impacting our volumes in both repair and remodel and new construction product lines. Through the strategic c ...

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Core Insights - Northstar Enterprise + Defense is advancing its AI-optimized modular data center platform through collaborations with Owens Corning and other distributed computing companies, positioning itself in the growing edge AI and modular infrastructure market projected to reach $269.8 billion by 2032 [2][3] Collaboration and Innovation - The partnership with Owens Corning focuses on integrating advanced composite and insulation technologies into Northstar's Modular Data Center (MDC) product line, enhancing durability, insulation efficiency, and sustainability [2][3] - This collaboration aims to accelerate the transition to low-carbon, high-resilience infrastructure tailored for AI and defense applications [3] Deployment and Performance - Northstar has successfully deployed a modular disaster recovery network node for a major U.S. telecom provider and a full-scale modular data center for a Fortune 50 enterprise, demonstrating its capability to meet urgent demands with rapid deployment [4][5] - The AI-ready MDCs support compute densities up to 150kW per rack, facilitating high-throughput reinforcement learning and decentralized AI processing [5][6] Manufacturing and Sustainability - Northstar's MDCs are constructed using proprietary Fiber Reinforced Polymer (FRP) composites, making them up to 30% lighter than aluminum and deployable without heavy equipment [6][8] - Each MDC is designed for net-zero carbon manufacturing, contributing to reduced embedded emissions compared to traditional materials like steel or concrete [8][12] Security and Compliance - The next-generation mobile SCIF modular units are engineered to meet stringent security standards, ensuring protection against electronic, EMP, and cyber threats [8][9] - These modules are designed for easy transport and rapid deployment, enhancing operational efficiency in mission-critical environments [9][10] Strategic Vision - Northstar Technologies Group aims to integrate advanced materials and intelligent manufacturing across its business units, redefining the construction of mission-critical infrastructure [9][10] - The company emphasizes sustainability and American manufacturing leadership through its innovative approaches [10][12]