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TOLEDO, Ohio - Owens Corning (NYSE:OC) reported first-quarter 2025 results that exceeded analyst expectations, as revenue grew 25% year-over-year driven by the newly acquired Doors business.
The company’s stock was down 0.44% in premarket trading following the earnings release.
The building products leader posted adjusted earnings per share of $2.97, beating the consensus estimate of $2.91. Revenue rose to $2.53 billion, slightly above analysts’ forecast of $2.51 billion.
"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," said Chair and Chief Executive Officer Brian Chambers.
The company’s Roofing segment saw revenue increase 2% YoY to $1.12 billion. Insulation revenue declined 5% to $909 million, while the newly acquired Doors business contributed $540 million in revenue.
Owens Corning generated adjusted EBITDA of $565 million in Q1, up 10% from $515 million a year ago. The adjusted EBITDA margin came in at 22%, down from 26% in Q1 2024.
For the second quarter, the company expects revenue to grow high-single-digit percent YoY, with adjusted EBITDA margin in the low-to-mid 20% range.
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