<span item_type="fundamental" item_id="8a92cd1cb956cbae356db2106cf4a9a8" counter_id="ST/US/OC" env="prod"></span><span item_type="announcement" item_id="619978987716935809" env="prod"></span><p>Revenue: As of FY2025 Q4, the actual value is USD 2.142 B, missing the estimate of USD 2.171 B.</p><p>EPS: As of FY2025 Q4, the actual value is USD -3.45, missing the estimate of USD 1.3548.</p><p>EBIT: As of FY2025 Q4, the actual value is USD -224 M.</p><p></p><h4>Full-Year 2025 Financial Performance</h4><p>Owens Corning (欧文斯科宁) reported Net Sales from Continuing Operations of $10.1 billion in 2025, a 3% increase from the prior year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1370946/000137094626000066/q42025exh-991pressrelease.htm"></span>. The company generated Operating Cash Flow of $1.8 billion and Free Cash Flow of $1.0 billion <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1370946/000137094626000066/q42025exh-991pressrelease.htm"></span>. Owens Corning returned $1.0 billion to shareholders through dividends and share repurchases during 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1370946/000137094626000066/q42025exh-991pressrelease.htm"></span>. The company recorded second-half non-cash, pre-tax impairment charges of $1.2 billion related to the Doors business <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1370946/000137094626000066/q42025exh-991pressrelease.htm"></span>. Net (Loss) Earnings Attributable to Owens Corning from continuing operations was - $188 million in 2025, a -120% change from $947 million in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1370946/000137094626000066/q42025exh-991pressrelease.htm"></span>. The Net Earnings Margin from Continuing Operations was -2%, compared to 10% in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1370946/000137094626000066/q42025exh-991pressrelease.htm"></span>. Adjusted EBITDA was $2.268 billion, an -8% decrease from $2.468 billion in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1370946/000137094626000066/q42025exh-991pressrelease.htm"></span>. The Adjusted EBITDA Margin from Continuing Operations was 22% <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1370946/000137094626000066/q42025exh-991pressrelease.htm"></span>.</p><h4>Fourth-Quarter 2025 Financial Performance</h4><p>For the fourth quarter of 2025, Net Sales from Continuing Operations were $2.142 billion, a -17% decrease from $2.574 billion in the fourth quarter of 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1370946/000137094626000066/q42025exh-991pressrelease.htm"></span>. Net (Loss) Earnings Attributable to Owens Corning from continuing operations was - $282 million, a -324% change from $126 million in the prior year’s quarter <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1370946/000137094626000066/q42025exh-991pressrelease.htm"></span>. The Net Earnings Margin from Continuing Operations was -13% <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1370946/000137094626000066/q42025exh-991pressrelease.htm"></span>. Adjusted EBITDA for the quarter was $362 million, a -36% decrease from $570 million in Q4 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1370946/000137094626000066/q42025exh-991pressrelease.htm"></span>. The Adjusted EBITDA as a % of Net Sales was 17% <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1370946/000137094626000066/q42025exh-991pressrelease.htm"></span>. Operating Cash Flow was $590 million, a -13% decrease from $676 million in Q4 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1370946/000137094626000066/q42025exh-991pressrelease.htm"></span>. Free Cash Flow was $333 million, a -30% decrease from $479 million in Q4 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1370946/000137094626000066/q42025exh-991pressrelease.htm"></span>.</p><h4>Gross Margin and Operating Expenses</h4><p>For the full year 2025, Gross Margin was $2.838 billion, down from $3.041 billion in 2024 . Total Operating Expenses increased to $2.478 billion in 2025 from $1.559 billion in 2024, primarily due to a Goodwill impairment charge of $1.135 billion and an Intangible assets impairment charge of $39 million . Operating Earnings for 2025 were $360 million, a decrease from $1.482 billion in 2024 . In Q4 2025, Gross Margin was $498 million, down from $749 million in Q4 2024 . Total Operating Expenses were $723 million, up from $533 million in Q4 2024, driven by a Goodwill impairment charge of $355 million and an Intangible assets impairment charge of $39 million . Operating (Loss) for Q4 2025 was - $225 million, compared to Operating Earnings of $216 million in Q4 2024 .</p><h4>Segment Performance (Full-Year 2025)</h4><ul><li><strong>Roofing:</strong> Net Sales were $4.437 billion (down from $4.630 billion in 2024), with EBITDA of $1.411 billion (down from $1.532 billion) and an EBITDA Margin of 32% (down from 33%) .</li><li><strong>Insulation:</strong> Net Sales were $3.700 billion (down from $3.926 billion in 2024), with EBITDA of $848 million (down from $945 million) and an EBITDA Margin of 23% (down from 24%) .</li><li><strong>Doors:</strong> Net Sales were $2.125 billion (up from $1.448 billion in 2024), with EBITDA of $232 million (unchanged from $232 million) and an EBITDA Margin of 11% (down from 16%) .</li></ul><h4>Segment Performance (Fourth-Quarter 2025)</h4><ul><li><strong>Roofing:</strong> Net Sales were $774 million (down from $1.059 billion in Q4 2024), with EBITDA of $199 million (down from $338 million) and an EBITDA Margin of 26% (down from 32%) .</li><li><strong>Insulation:</strong> Net Sales were $916 million (down from $987 million in Q4 2024), with EBITDA of $186 million (down from $228 million) and an EBITDA Margin of 20% (down from 23%) .</li><li><strong>Doors:</strong> Net Sales were $486 million (down from $564 million in Q4 2024), with EBITDA of $33 million (down from $82 million) and an EBITDA Margin of 7% (down from 15%) .</li></ul><h4>Cash Flow Activities (Full-Year 2025)</h4><p>Net cash flow provided by operating activities was $1.786 billion . Cash paid for property, plant and equipment was - $824 million . Net cash flow used for investing activities was - $765 million . Net cash flow used for financing activities was - $1.072 billion, including - $232 million in dividends paid and - $815 million for purchases of treasury stock .</p><h4>Operational Metrics and Company-Specific Indicators</h4><p>Owens Corning maintained a recordable incident rate (RIR) of 0.60 in 2025 . The company is exceeding $125 million in enterprise run-rate cost synergies for its Doors business by mid-2026 and is on track to deliver an additional $75 million in structural cost improvements . Owens Corning announced a 15% increase in its quarterly cash dividend to $0.79 per common share in December 2025, marking the 12th consecutive year of dividend growth . The company was named to the Wall Street Journal’s list of top 250 Best-Managed Companies, ranking 10th in customer satisfaction .</p><h4>Outlook and Guidance</h4><p>Owens Corning anticipates residential new construction and discretionary remodeling to remain challenging at the start of 2026, with European markets expected to gradually improve . For Q1 2026, the company forecasts revenue from continuing operations to be approximately $2.1 billion to $2.2 billion and expects a mid-teens enterprise adjusted EBITDA margin from continuing operations . For the full year 2026, Owens Corning expects market improvement to align results with current consensus estimates and remains committed to its long-term targets, including $5 billion of cumulative free cash flow by 2028 .</p>

Owens Corning | 8-K: FY2025 Q4 Revenue Misses Estimate at USD 2.142 B