Owens ning(US:OC)2025-08-06 13:00Financial Performance Highlights - Owens Corning's Q2 2025 net sales from continuing operations reached $2747 million, a 10% increase compared to Q2 2024's $2497 million[13, 16] - Adjusted EBITDA for Q2 2025 was $703 million, up from $678 million in Q2 2024, while the adjusted EBITDA margin was 26% compared to 27%[13, 16] - Year-to-date 2025 net sales were $5277 million, a 17% increase from $4514 million in the same period of 2024[13, 16] - Year-to-date 2025 adjusted EBITDA reached $1268 million, compared to $1193 million in 2024, with adjusted EBITDA as a percentage of net sales at 24% versus 26%[13, 16] - Roofing business delivered Q2 2025 revenue of $1303 million, a 4% increase from $1252 million in the prior year, with an EBITDA of $457 million and a 35% EBITDA margin[20] - Insulation business delivered Q2 2025 revenue of $934 million, a 4% decrease from $974 million in the prior year, with an EBITDA of $225 million and a 24% EBITDA margin[23] - Doors business delivered Q2 2025 revenue of $554 million, with an EBITDA of $75 million and a 14% EBITDA margin[27] Balance Sheet and Capital Deployment - Free cash flow for Q2 2025 was $129 million[19] - $279 million of free cash flow was returned to shareholders through share repurchases and dividends in Q2 2025[19] - Capital additions totaled $198 million in Q2 2025[19] - The company maintained liquidity of $1700 million, including approximately $200 million in cash and $1500 million available on a bank debt facility[19] - Net debt-to-adjusted EBITDA ratio was 21x at the end of Q2 2025[19] Full-Year 2025 Outlook - General corporate EBITDA expenses are projected to be between $240 million and $260 million[33] - Interest expense is expected to be between $250 million and $260 million[33] - The full-year effective tax rate is projected to be between 24% and 26%[33] - Capital additions are estimated to be approximately $800 million[33] - Depreciation and amortization are expected to be approximately $650 million[33]