Owens Corning Inc · NYSE:OC
Owens Corning — Q4 2025 Earnings Presentation
20 slides from Owens Corning's earnings presentation, Feb 25, 2026
Slide 1: Fourth-Quarter and Full-Year 2025 Results
FOURTH-QUARTER AND FULL-YEAR 2025 RESULTS Brian Chambers | Chair & Chief Executive Officer Todd Fister | Chief Financial Officer February 25, 2026 | Q4 & FY 2025
Slide 2: Forward-Looking Statements and Non-GAAP Measures
FORWARD-LOOKING STATEMENTS AND NON-GAAP MEASURES This presentation and the associated remarks contain forward-looking statements. We caution you against relying on these statements as they are subject to risks, uncertainties and other factors and actual results may differ materially from those resul
Slide 3: Agenda
AGENDA COMPANY HIGHLIGHTS Brian Chambers FINANCIAL RESULTS Todd Fister BUSINESS OUTLOOK Brian Chambers QUESTIONS AND DISCUSSION All “Our performance in 2025 continued to demonstrate the strength of the company we have built.” -Brian Chambers 3
Slide 4: Owens Corning Highlights
OWENS CORNING HIGHLIGHTS ($ in millions)1 Q4 2025 Q4 2024 FY 2025 FY 2024 Industry-leading safety results among U.S. manufacturers in 2025 through Net sales 2,142 2,574 10,103 9,851 Safer Together operating framework Adjusted EBITDA 362 570 2,268 2,468 Adjusted EBITDA as % of net sales 17% 22% 22% 2
Slide 5: Financial Summary
FINANCIAL SUMMARY ($ in millions, except per share data)1 Q4 2025 Q4 2024 FY 2025 FY 2024 Net sales 2,142 2,574 10,103 9,851 Net sales growth (17%) n/a 3% n/a Net (loss) earnings attributable to OC (282) 126 (188) 947 Net (loss) earnings attributable to OC as % of net sales (13%) 5% (2%) 10% Adjuste
Slide 6: Balance Sheet and Capital Deployment
BALANCE SHEET AND CAPITAL DEPLOYMENT Capital allocation strategy remains focused on consistently generating strong free cash flow, returning $2b to shareholders through 2026, and maintaining an investment grade balance sheet, while executing on business strategies to grow the company Full-Year 2025:
Slide 7: Roofing Business
ROOFING BUSINESS ($ in millions)1 Q4 2025 Q4 2024 FY 2025 FY 2024 Delivered full-year revenue of $4.4b, Net sales 774 1,059 4,437 4,630 down 4% from prior year EBITDA 199 338 1,411 1,532 EBITDA as % of net sales 26% 32% 32% 33% Generated $1.4b of EBITDA with 32% EBITDA margin Five-year financial per
Slide 8: Insulation Business
INSULATION BUSINESS ($ in millions)1 Q4 2025 Q4 2024 FY 2025 FY 2024 Delivered full-year revenue of $3.7b, Net sales 916 987 3,700 3,926 down 6% from prior year EBITDA 186 228 848 945 EBITDA as % of net sales 20% 23% 23% 24% Generated $848mm of EBITDA with 23% EBITDA margin Five-year financial perfo
Slide 9: Doors Business
DOORS BUSINESS ($ in millions)1 Q4 2025 Q4 2024 FY 2025 FY 2024 Delivered full-year revenue of $2.1b in Net sales 486 564 2,125 1,448 weak new construction and remodeling EBITDA 33 82 232 232 markets EBITDA as % of net sales 7% 15% 11% 16% Generated $232mm of EBITDA with 11% EBITDA margin Revenue by
Slide 10: Full-Year 2026 Key Financial Outlook
FULL-YEAR 2026 KEY FINANCIAL OUTLOOK 1 FY 2026 General corporate EBITDA expenses $245mm - $255mm Interest expense $255mm - $265mm Full-year effective tax rate 24% - 26% Capital additions Approximately $800mm Depreciation and amortization Approximately $680mm 1. Continuing operations 10
Slide 11: Q1 2026 Business Outlook
Q1 2026 BUSINESS OUTLOOK ENTERPRISE: • Revenue for continuing operations of approximately $2.1b to $2.2b, in line with Q4 2025 • Expect North America residential markets to remain challenged with volume declines versus prior year • Anticipate North America non-residential construction and Europe to
Slide 12: Questions and Discussion
QUESTIONS AND DISCUSSION
Slide 13: Appendix A: Non-GAAP Reconciliations – Table 1
APPENDIX A: NON-GAAP RECONCILIATIONS – TABLE 1 13
Slide 14: Appendix A: Non-GAAP Reconciliations – Table 2
APPENDIX A: NON-GAAP RECONCILIATIONS – TABLE 2 14
Slide 15: Appendix A: Non-GAAP Reconciliations – Table 3
APPENDIX A: NON-GAAP RECONCILIATIONS – TABLE 3 15
Slide 16: Appendix A: Non-GAAP Reconciliations – Table 4
APPENDIX A: NON-GAAP RECONCILIATIONS – TABLE 4 16
Slide 17: Appendix A: Non-GAAP Reconciliations – Table 5
APPENDIX A: NON-GAAP RECONCILIATIONS – TABLE 5 17
Slide 18: Appendix A: Non-GAAP Reconciliations – Table 6
APPENDIX A: NON-GAAP RECONCILIATIONS – TABLE 6 18
Slide 19: Appendix A: Non-GAAP Reconciliations – Table 7
APPENDIX A: NON-GAAP RECONCILIATIONS – TABLE 7 19
Slide 20: Appendix A: Non-GAAP Reconciliations – Table 8
APPENDIX A: NON-GAAP RECONCILIATIONS – TABLE 8 20