Nov 4, 6:01 AM ET
Owens Corning reported third-quarter 2026 net sales of $2.5 billion, down 7% from a year earlier, and a loss of $3.15 per diluted share, compared with a loss of $5.93 a year earlier. Adjusted diluted EPS fell to $2.44 from $3.67 after excluding a $476 million non-cash impairment tied to the Doors business. The company guided fourth-quarter revenue to $2.0 billion to $2.2 billion, with an adjusted EBITDA margin of about 10% to 12%.
- Net sales of $2,489 million in Q3 2026, down 7% from $2,684 million in Q3 2025
- Diluted EPS of $(3.15) versus $(5.93) a year earlier; adjusted diluted EPS of $2.44 versus $3.67
- Non-cash, pre-tax impairment charges of $476 million related to the Doors business
- Q4 2026 outlook: revenue of $2.0 billion to $2.2 billion and adjusted EBITDA margin of about 10% to 12%
Read the filing on SEC.gov ↗
Sep 16, 4:26 PM ET
Owens Corning expanded its board from nine to ten directors and elected Michael J. DeVito as a director, effective September 16, 2026. DeVito will join the Audit Committee and the Finance and Technology Committee, and the board determined he is independent.
- Board expanded from nine to ten directors; DeVito elected effective September 16, 2026
- DeVito was CEO and Executive Director of Freddie Mac from 2021 to 2024
- Previously spent 24 years at Wells Fargo, most recently as Executive Vice President and Head of Home Lending
- Will join the Audit Committee and Finance and Technology Committee; currently serves on NVR, Inc. board
Read the filing on SEC.gov ↗
Aug 5, 6:02 AM ET
Owens Corning reported second-quarter 2026 net sales of $2.8 billion, roughly flat with the prior year, while adjusted diluted EPS from continuing operations fell 7% to $3.93 and adjusted EBITDA fell 6% to $660 million. The company expects third-quarter revenue of $2.6 billion to $2.7 billion, slightly below the prior year, and named Jonathan Collins as chief financial officer effective August 10, 2026.
- Q2 2026 net sales of $2,756 million vs. $2,747 million a year earlier; net earnings attributable to Owens Corning from continuing operations of $310 million vs. $334 million
- Diluted EPS from continuing operations $3.84 vs. $3.91; adjusted diluted EPS $3.93 vs. $4.21; six-month diluted EPS $4.31 vs. $6.86
- Q3 2026 outlook: revenue of $2.6 billion to $2.7 billion and adjusted EBITDA margin of approximately 20% to 22%, with about $40 million of incremental inflation costs from the Iran conflict
- Jonathan Collins named EVP and CFO effective August 10, 2026; Todd Fister moves to President and Chief Operating Officer
Read the filing on SEC.gov ↗
Jul 29, 4:33 PM ET
Owens Corning said its Board appointed Jonathan M. Collins, formerly CFO of Clarivate, as Executive Vice President and Chief Financial Officer effective August 10, 2026. Todd W. Fister, currently Executive Vice President, Chief Financial and Operating Officer, becomes President and Chief Operating Officer on the same date, with CEO Brian D. Chambers remaining in his role; the filing also sets Collins' pay package and retention awards for several business presidents.
- Jonathan M. Collins, age 47, takes the CFO role effective August 10, 2026, with a $775,000 base salary and a 100% target annual cash incentive.
- Collins receives a sign-on bonus of $500,000 and initial equity awards including $1.5 million in performance share units and $3 million in restricted stock units.
- Todd W. Fister becomes President and Chief Operating Officer effective August 10, 2026, replacing Brian D. Chambers as President while Chambers stays CEO.
- Roofing, Doors, and Insulation business Presidents will report to Fister, with $1 million retention awards each to Nicolas Del Monaco and Rachel Marcon.
Read the filing on SEC.gov ↗
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