Owens Corning Q1 Sales Fall 10% to $2.3 Billion; Diluted EPS $0.47
Owens Corning reported first-quarter 2026 results on May 6, 2026. Net sales from continuing operations fell 10% to $2.3 billion, diluted EPS from continuing operations was $0.47 versus $2.95 a year earlier, and the company posted a net loss attributable to Owens Corning of $105 million after a $143 million loss from discontinued operations. For shareholders, the sharp year-over-year decline in sales and profit, along with a $387 million free cash outflow, comes as the company completed the sale of its glass reinforcements business on April 30, 2026 and guided to second-quarter revenue of $2.6 billion to $2.7 billion.
Key points
- Net sales from continuing operations were $2,265 million, down 10% from $2,530 million; Roofing fell 14%, Insulation 5% and Doors 12%.
- Diluted EPS from continuing operations was $0.47 versus $2.95; adjusted diluted EPS was $1.22 versus $2.97.
- Free cash outflow was $387 million; the company returned $63 million to shareholders through a cash dividend.
- Second-quarter outlook calls for revenue of $2.6 billion to $2.7 billion and adjusted EBITDA margin of 20% to 22%, and includes about $60 million of incremental costs tied to the Iran conflict.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:17 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 06, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.