Owens Corning Inc · NYSE:OC
Owens Corning — Q3 2026 Earnings Presentation
20 slides from Owens Corning's earnings presentation, Nov 4, 2026
Slide 1: Third-Quarter 2026 Results
THIRD-QUARTER 2026 RESULTS Brian Chambers | Chair & Chief Executive Officer Todd Fister | President & Chief Operating Officer Jonathan Collins | EVP & Chief Financial Officer November 4, 2026 | Q3 2026
Slide 2: Agenda
AGENDA COMPANY HIGHLIGHTS Brian Chambers FINANCIAL RESULTS Jonathan Collins BUSINESS OUTLOOK Todd Fister QUESTIONS AND DISCUSSION All “Our performance reflects the fundamentally stronger company we have built, and we remain focused on executing our strategy and leveraging our unique OC AdvantagesTM
Slide 3: 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 4: Owens Corning Third Quarter Overview
OWENS CORNING THIRD QUARTER OVERVIEW Recordable Incident Rate .81 Maintained high level of safety Roofing performance with ‘Safer Together’ Strong contractor engagement, a shift toward higher-value laminate shingles, and growth in Revenue components are supporting strong results $2.5b (7)% year-over
Slide 5: Enterprise Strategy Execution
ENTERPRISE STRATEGY EXECUTION THE OC ADVANTAGETM PROOF POINTS Cost Strengthening through continued productivity improvements and investments in low-cost assets Brand #1 in brand awareness among peers for both TM contractors and homeowners1 Commercial Certified Energy Expert program and Pink Advantag
Slide 6: Financial Summary
FINANCIAL SUMMARY ($ in millions, except per share data)1 Q3 2026 Q3 2025 Change YTD 2026 YTD 2025 Change Net sales 2,489 2,684 (195) 7,510 7,961 (451) Net (loss) earnings attributable to OC (248) (495) 247 100 94 6 Net (loss) earnings attributable to OC margin (10)% (18)% 8pp 1% 1% 0pp Adjusted EBI
Slide 7: Roofing Business
ROOFING BUSINESS ($ in millions) Q3 2026 Q3 2025 YTD 2026 YTD 2025 Highlights Net Sales 1,042 1,240 3,315 3,663 Net Sales Growth (Decline) (16)% 2% (10)% 3% • U.S. ARMA shipments down 13% compared to prior year EBITDA 299 423 971 1,212 EBITDA % 29% 34% 29% 33% • Q3 outlook contemplated normal storm
Slide 8: Insulation Business
INSULATION BUSINESS ($ in millions) Q3 2026 Q3 2025 YTD 2026 YTD 2025 Highlights Net Sales 1,001 941 2,839 2,784 Net Sales Growth (Decline) 6% (7)% 2% (5)% • Delivered revenue growth of 6% versus prior year EBITDA 215 212 595 662 EBITDA % 21% 23% 21% 24% • Solid performance in North American residen
Slide 9: Doors Business
DOORS BUSINESS ($ in millions) Q3 2026 Q3 2025 YTD 2026 YTD 2025 Highlights Net Sales 483 545 1,471 1,639 Net Sales Growth (Decline) (11)% (5)% (10)% 85% • Challenging market conditions in both repair and remodel as EBITDA 25 56 116 199 well as new construction EBITDA % 5% 10% 8% 12% • Lower revenue
Slide 10: Cash Flow and Capital Allocation
CASH FLOW AND CAPITAL ALLOCATION Highlights CASH FLOW1 CAPITAL ALLOCATION2 ($ in millions) YTD 2026 ($ in millions) • Generating meaningful cash $1,057 $813 flow in a softer environment $281 $189 • Returned $664mm through $622 $434 $475 share repurchases and Q3 2026 YTD 2026 dividends year-to-date F
Slide 11: Q4 2026 Business Outlook
Q4 2026 BUSINESS OUTLOOK ENTERPRISE: • Revenue of $2.0b to $2.2b • NA residential remains under pressure; NA non-residential continues to see pockets of strength; Europe stable • Second consecutive year without significant storm activity and distribution destocking expected to weigh on roofing deman
Slide 12: High Performing Building Products Leader
HIGH PERFORMING BUILDING PRODUCTS LEADER STRATEGIC PRIORITIES FINANCIAL TARGETS1 Strengthen our market $12.5b Mid-20% leading positions annual adjusted EBITDA revenue margin sustained Leverage TM enterprise scale and capabilities $1.5b+ Mid-teens+ annual free return on Extend cash flow capital produ
Slide 13: Questions and Discussion
QUESTIONS AND DISCUSSION
Slide 14: Appendix A: Non-GAAP Reconciliations – Table 1
APPENDIX A: NON-GAAP RECONCILIATIONS – TABLE 1 The adjusting income (expense) items to EBITDA are shown in the tables below (in millions): Last Twelve Twelve Months (LTM) Months Ended Ended Three Months Ended Nine Months Ended September 30, December 31, September 30, September 30, 2026 2025 (A) 2025
Slide 15: Appendix A: Non-GAAP Reconciliations – Table 2
APPENDIX A: NON-GAAP RECONCILIATIONS – TABLE 2 The reconciliation of Net earnings from continuing operations attributable to Owens Corning to Adjusted EBITDA from continuing operations is shown in the table below (in millions): Three Months Ended Nine Months Ended September 30, September 30, 2026 20
Slide 16: Appendix A: Non-GAAP Reconciliations – Table 3
APPENDIX A: NON-GAAP RECONCILIATIONS – TABLE 3 The reconciliation from Net (loss) earnings from continuing operations attributable to Owens Corning to Adjusted EBITDA from continuing operations and the calculation of net operating profit after tax (NOPAT) from continuing operations are shown in the
Slide 17: Appendix A: Non-GAAP Reconciliations – Table 4
APPENDIX A: NON-GAAP RECONCILIATIONS – TABLE 4 A reconciliation from Net (loss) earnings from continuing operations attributable to Owens Corning to Adjusted earnings from continuing operations and a reconciliation from Diluted earnings per share from continuing operations to Adjusted diluted earnin
Slide 18: Appendix A: Non-GAAP Reconciliations – Table 5
APPENDIX A: NON-GAAP RECONCILIATIONS – TABLE 5 The reconciliation from Net cash flow provided by operating activities to free cash flow is shown in the table below (in millions): Three Months Ended Nine Months Ended September 30, September 30, 2026 2025 2026 2025 NET CASH FLOW PROVIDED BY OPERATING
Slide 19: Appendix A: Non-GAAP Reconciliations – Table 6
APPENDIX A: NON-GAAP RECONCILIATIONS – TABLE 6 Net debt (a non-GAAP financial measure) is defined by the Company as total borrowings, less cash and cash equivalents. The reconciliation from 'Total debt to Net (loss) earnings from continuing operations attributable to Owens Corning' to 'Net debt to A
Slide 20: Appendix A: Non-GAAP Reconciliations – Table 7
APPENDIX A: NON-GAAP RECONCILIATIONS – TABLE 7 The reconciliation of LTM EBITDA from continuing operations for the Company's segments is shown in the tables below (in millions): Last Twelve Twelve Months Months (LTM) Ended Ended September Three Months Ended September 30, December 31, Nine Months End