Owens Corning Inc · NYSE:OC
Owens Corning — Q3 2025 Earnings Presentation
21 slides from Owens Corning's earnings presentation, Nov 5, 2025
Slide 1: Third-Quarter 2025 Results
THIRD-QUARTER 2025 RESULTS Brian Chambers | Chair & Chief Executive Officer Todd Fister | Chief Financial Officer November 5, 2025 | Q3 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 third-quarter financial results continue to demonstrate our ability to perform at a high level even in the face of challenging market conditions.” -Brian Chambers
Slide 4: Owens Corning Highlights
OWENS CORNING HIGHLIGHTS ($ in millions)1 Q3 2025 Q3 2024 YTD 2025 YTD 2024 Maintained high level of safety performance and celebrated annual Net sales 2,684 2,763 7,961 7,277 Manufacturing Appreciation Month Adjusted EBITDA 638 705 1,906 1,898 Adjusted EBITDA as % of net sales 24% 26% 24% 26% Deliv
Slide 5: Financial Summary
FINANCIAL SUMMARY ($ in millions, except per share data)1 Q3 2025 Q3 2024 YTD 2025 YTD 2024 Net sales 2,684 2,763 7,961 7,277 Net sales growth (3%) n/a 9% n/a Net (loss) earnings attributable to OC (495) 287 94 821 Net (loss) earnings attributable to OC as % of net sales (18%) 10% 1% 11% Adjusted EB
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 $2 billion to shareholders through 2026, and maintaining an investment grade balance sheet, while executing on business strategies to grow the company Third-Qu
Slide 7: Roofing Business
ROOFING BUSINESS ($ in millions)1 Q3 2025 Q3 2024 YTD 2025 YTD 2024 Delivered third-quarter revenue of $1.2b, Net sales 1,240 1,221 3,663 3,571 up 2% from prior year EBITDA 423 419 1,212 1,194 EBITDA as % of net sales 34% 34% 33% 33% Generated $423mm of EBITDA with 34% EBITDA margin Five-year financ
Slide 8: Insulation Business
INSULATION BUSINESS ($ in millions)1 Q3 2025 Q3 2024 YTD 2025 YTD 2024 Delivered third-quarter revenue of Net sales 941 1,008 2,784 2,939 $941mm, down 7% from prior year EBITDA 212 248 662 717 EBITDA as % of net sales 23% 25% 24% 24% Generated $212mm of EBITDA with 23% EBITDA margin Five-year financ
Slide 9: Doors Business
DOORS BUSINESS ($ in millions)1 Q3 2025 Q3 2024 YTD 2025 YTD 2024 Delivered third-quarter revenue of Net sales 545 573 1,639 884 $545mm, down 5% from prior year EBITDA 56 89 199 150 EBITDA as % of net sales 10% 16% 12% n/a Generated $56mm of EBITDA with 10% EBITDA margin Revenue by Product2 Revenue
Slide 10: Full-Year 2025 Key Financial Outlook
FULL-YEAR 2025 KEY FINANCIAL OUTLOOK FY 2025 General corporate EBITDA expenses Approximately $240mm1 Interest expense $250mm - $260mm2 Full-year effective tax rate 24% - 26% Capital additions Approximately $800mm2 Depreciation and amortization Approximately $650mm 1. General corporate expenses previ
Slide 11: Q4 2025 Business Outlook
Q4 2025 BUSINESS OUTLOOK ENTERPRISE: • Revenue for continuing operations down mid- to high-teens versus prior year, approximately $2.1 to $2.2 billion • Expect North America residential markets to see volume declines versus prior year • Anticipate slight decline in North America non-residential cons
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
Slide 21: Appendix A: Non-GAAP Reconciliations – Table 9
APPENDIX A: NON-GAAP RECONCILIATIONS – TABLE 9 21