UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ FORM 10-Q ______________________________________ ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-33100 ______________________________________ Owens Corning N/A ...

Owens Corning Delivers Strong Revenue and Margin Performance from Continuing Operations in the First Quarter TOLEDO, Ohio – May 7, 2025 – Owens Corning (NYSE: OC), a building products leader, today reported first-quarter 2025 results. "Owens Corning delivered its 19th consecutive quarter of 20% or better adjusted EBITDA margins, demonstrating the durability of our earnings and the power of the enterprise to outperform in any operating environment. The structural changes we have made to the company, combined ...

Market Overview - The U.S. Roofing Shingles Market was valued at USD 7.47 billion in 2024 and is projected to reach USD 10.36 billion by 2030, with a CAGR of 5.60% [1][27] - The market has seen significant growth due to increasing residential construction activities, demand for durable and aesthetically pleasing roofing solutions, and awareness of eco-friendly options [2] Industry Trends - There is a rising demand for smart roofing systems that incorporate technology such as sensors and solar tiles, enhancing functionality [4] - The roofing industry is experiencing a surge in mergers and acquisitions, driven by innovations in material performance and sustainability [5] - A focus on durable roofing solutions is increasing due to extreme weather events, with 51% of U.S. homeowners interested in weather-related improvements [6] Market Drivers - The rise in residential construction is a key driver, with spending on residential construction reaching USD 944.4 billion by January 2025 [7] - Changing architectural tastes are leading to increased demand for modern aesthetics and customized living spaces [8] - There is a growing need for re-roofing due to wear and tear from environmental factors, with companies like Atlas Roofing and TAMKO providing re-roofing services [9] Market Challenges - High production and installation costs remain a concern, with typical roof replacement costs ranging from USD 5,400 to USD 19,800 [10] - Supply chain challenges, including raw material procurement and transportation disruptions, are impacting the roofing shingles industry [11] Market Segmentation - The market is segmented by type, with asphalt shingles being the major revenue contributor, accounting for over USD 2.24 billion in 2024 [12] - The re-roofing application segment dominated the market share in 2024, driven by aging roofs and environmental wear [15] - The residential segment is expected to witness significant growth, driven by re-roofing and new construction [17] Geographical Insights - The Southern U.S. holds a majority share of the market, with rapid growth in housing and real estate [19] - The Western U.S. is expected to grow at a CAGR of over 5.5% during the forecast period, driven by multiple end-user industries [20] Competitive Landscape - Major companies in the U.S. roofing shingles market include GAF Materials LLC, Owens Corning, and CertainTeed Corporation, focusing on innovation and product extensions [21][22]

Core Viewpoint - Owens Corning (OC) is expected to report quarterly earnings of $2.82 per share, reflecting a 21.5% decline year-over-year, while revenues are forecasted to increase by 9.4% to $2.52 billion [1] Group 1: Earnings and Revenue Estimates - The consensus EPS estimate has been revised downward by 0.8% over the past 30 days, indicating a collective reassessment by analysts [1] - Analysts predict 'Net Sales- Insulation' at $927.69 million, showing a year-over-year increase of 2.6% [4] - The consensus estimate for 'Net Sales- Roofing' is $1.09 billion, reflecting a year-over-year change of 13.9% [4] Group 2: EBIT Estimates - Analysts expect 'EBIT- Insulation' to be $149.90 million, down from $161 million in the previous year [4] - 'EBIT- Roofing' is forecasted to reach $307.35 million, compared to $286 million reported in the same quarter last year [5] Group 3: Market Performance - Owens Corning shares have returned +6.1% over the past month, contrasting with a -0.5% change in the Zacks S&P 500 composite [5] - The company holds a Zacks Rank 4 (Sell), suggesting it may underperform the overall market in the near future [5]

Core Viewpoint - Owens Corning is facing a challenging earnings outlook with a projected decline in EPS while revenue is expected to increase, indicating mixed performance in the upcoming earnings report [2][3]. Group 1: Stock Performance - Owens Corning's stock closed at $143.96, reflecting a slight decrease of -0.08% compared to the previous day, underperforming against the S&P 500's gain of 0.06% [1]. - Over the past month, the stock has increased by 1.02%, contrasting with a 6.22% loss in the Construction sector and a 4.29% loss in the S&P 500 [1]. Group 2: Earnings Forecast - The company is expected to report an EPS of $2.82 for the upcoming earnings release on May 7, 2025, which represents a 21.45% decrease from the same quarter last year [2]. - The revenue forecast for the same quarter is $2.52 billion, indicating a 9.41% increase year-over-year [2]. - For the full year, analysts anticipate earnings of $14.10 per share and revenue of $10.58 billion, reflecting declines of -11.38% and -3.62% respectively from the previous year [3]. Group 3: Analyst Estimates and Rankings - Recent adjustments to analyst estimates for Owens Corning are crucial as they reflect changing business trends, with positive revisions seen as a favorable sign for the company's outlook [4]. - The Zacks Rank system currently rates Owens Corning at 4 (Sell), following a 3.35% decline in the Zacks Consensus EPS estimate over the past month [6]. Group 4: Valuation Metrics - Owens Corning has a Forward P/E ratio of 10.22, which is lower than the industry average of 15.47, indicating a potential undervaluation [7]. - The company has a PEG ratio of 3.57, compared to the industry average PEG ratio of 1.88, suggesting that the market may be pricing in lower growth expectations [8]. Group 5: Industry Context - The Building Products - Miscellaneous industry, which includes Owens Corning, ranks 152 out of over 250 industries, placing it in the bottom 39% of the Zacks Industry Rank [9].

Core Viewpoint - Owens Corning (OC) has been experiencing notable stock performance fluctuations, with recent trends indicating potential challenges ahead for the company in the near term [1][2]. Earnings Estimates - For the current quarter, Owens Corning is projected to report earnings of $2.82 per share, reflecting a year-over-year decline of -21.5% [5]. - The consensus earnings estimate for the current fiscal year stands at $14.10, indicating a year-over-year decrease of -11.4% [5]. - For the next fiscal year, the consensus earnings estimate is $15.10, which represents an increase of +7.1% compared to the previous year [6]. - The Zacks Rank for Owens Corning is 4 (Sell), indicating a negative outlook based on recent earnings estimate revisions [7]. Revenue Growth Forecast - The consensus sales estimate for the current quarter is $2.52 billion, which indicates a year-over-year growth of +9.4% [11]. - For the current fiscal year, the sales estimate is $10.58 billion, reflecting a decrease of -3.6%, while the estimate for the next fiscal year is $10.72 billion, indicating a slight increase of +1.4% [11]. Last Reported Results and Surprise History - In the last reported quarter, Owens Corning achieved revenues of $2.84 billion, marking a year-over-year increase of +23.3% [12]. - The earnings per share (EPS) for the same period was $3.22, slightly up from $3.21 a year ago [12]. - The company has consistently beaten consensus EPS estimates in the last four quarters and has exceeded revenue estimates three times during this period [13]. Valuation - Owens Corning is graded B on the Zacks Value Style Score, suggesting that the stock is trading at a discount compared to its peers [17].

Company Performance - Owens Corning's stock closed at $137.10, with a daily increase of +1.99%, underperforming the S&P 500's gain of 2.51% [1] - The stock has decreased by 11.09% over the past month, compared to the Construction sector's loss of 9.21% and the S&P 500's loss of 8.86% [1] Upcoming Earnings - The company's earnings report is scheduled for May 7, 2025, with projected EPS of $2.82, indicating a 21.45% decline from the same quarter last year [2] - Quarterly revenue is expected to be $2.52 billion, reflecting a 9.41% increase from the previous year [2] Full Year Estimates - For the full year, earnings are projected at $14.33 per share and revenue at $10.58 billion, showing declines of -9.93% and -3.62% respectively from the prior year [3] Analyst Estimates - Recent changes in analyst estimates indicate a positive outlook on Owens Corning's business operations and profit generation capabilities [4] - The Zacks Rank system, which reflects these estimate changes, currently ranks Owens Corning as 4 (Sell) [6] Valuation Metrics - Owens Corning has a Forward P/E ratio of 9.38, which is lower than the industry average of 14.35 [7] - The company has a PEG ratio of 2.21, compared to the average PEG ratio of 1.66 for the Building Products - Miscellaneous industry [7] Industry Context - The Building Products - Miscellaneous industry is part of the Construction sector and holds a Zacks Industry Rank of 156, placing it in the bottom 38% of over 250 industries [8]

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Owens Corning (OC) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Owens Corning currently has an average ...

In the latest trading session, Owens Corning (OC) closed at $138.21, marking a -1.44% move from the previous day. This change lagged the S&P 500's daily loss of 0.17%. Meanwhile, the Dow lost 0.39%, and the Nasdaq, a tech-heavy index, lost 0.05%.Prior to today's trading, shares of the construction materials company had lost 3.33% over the past month. This has was narrower than the Construction sector's loss of 5.56% and the S&P 500's loss of 3.94% in that time.The investment community will be paying close a ...

Core Viewpoint - The average brokerage recommendation (ABR) for Owens Corning (OC) is 1.81, indicating a consensus between Strong Buy and Buy, based on 16 brokerage firms' recommendations [2] Brokerage Recommendations - The current ABR of 1.81 is derived from nine Strong Buy and one Buy recommendations, which account for 56.3% and 6.3% of all recommendations respectively [2] - Despite the positive ABR, reliance solely on brokerage recommendations for investment decisions may not be prudent, as studies show limited success in guiding investors towards stocks with the best price increase potential [5] Analyst Bias and Reliability - Brokerage analysts often exhibit a strong positive bias in their ratings due to vested interests, with a ratio of five Strong Buy recommendations for every Strong Sell [6] - This misalignment of interests can lead to misleading insights regarding a stock's future price movement [7] Zacks Rank Comparison - Zacks Rank, a proprietary stock rating tool, categorizes stocks from Strong Buy to Strong Sell and is based on earnings estimate revisions, which are more effective indicators of near-term stock price performance [8][11] - The ABR is calculated solely from brokerage recommendations and may not be up-to-date, while Zacks Rank reflects timely earnings estimate revisions [9][12] Current Earnings Estimates for Owens Corning - The Zacks Consensus Estimate for Owens Corning has declined by 0.6% over the past month to $14.51, indicating growing pessimism among analysts regarding the company's earnings prospects [13] - This decline in earnings estimates has resulted in a Zacks Rank of 4 (Sell) for Owens Corning, suggesting caution despite the Buy-equivalent ABR [14]