Owens Corning Q2 profit falls as sales hold flat; Q3 revenue seen slightly lower
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.
Key points
- 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
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 August 05, 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.