Revenue: As of FY2026 Q1, the actual value is USD 2.265 B, beating the estimate of USD 2.175 B.EPS: As of FY2026 Q1, the actual value is USD 0.47, missing the estimate of USD 1.039.EBIT: As of FY2026 Q1, the actual value is USD 120 M.<h4>Enterprise Performance from Continuing Operations</h4><ul><li>Net Sales: Owens Corning reported Net Sales of $2,265 million for Q1 2026, a 10% decrease from $2,530 million in Q1 2025.</li><li>Net Earnings Attributable to Owens Corning: Net Earnings were $38 million in Q1 2026, an 85% decrease from $255 million in Q1 2025.</li><li>Net Earnings Margin: The Net Earnings Margin was 2% for Q1 2026, down from 10% in Q1 2025.</li><li>Adjusted EBITDA: Adjusted EBITDA was $369 million in Q1 2026, a 35% decrease from $565 million in Q1 2025.</li><li>Adjusted EBITDA Margin: The Adjusted EBITDA Margin was 16% for Q1 2026, down from 22% in Q1 2025.</li><li>Operating Cash Flow: Operating Cash Flow was - $154 million in Q1 2026, compared to - $49 million in Q1 2025.</li><li>Free Cash Flow: Free Cash Flow was - $387 million in Q1 2026, compared to - $252 million in Q1 2025.</li><li>Gross Margin: Gross Margin was $510 million in Q1 2026, down from $725 million in Q1 2025.</li><li>Operating Expenses: Operating Expenses were $390 million in Q1 2026, up from $318 million in Q1 2025.</li><li>Operating Income: Operating Income was $120 million in Q1 2026, down from $407 million in Q1 2025.</li></ul><h4>Segment Results (Q1 2026 vs. Q1 2025)</h4><ul><li>Roofing Segment:<ul><li>Net Sales: $960 million in Q1 2026 vs. $1,120 million in Q1 2025, representing a 14% decrease.</li><li>EBITDA: $231 million in Q1 2026 vs. $332 million in Q1 2025.</li><li>EBITDA Margin: 24% in Q1 2026 vs. 30% in Q1 2025.</li></ul></li><li>Insulation Segment:<ul><li>Net Sales: $867 million in Q1 2026 vs. $909 million in Q1 2025, representing a 5% decrease.</li><li>EBITDA: $167 million in Q1 2026 vs. $225 million in Q1 2025.</li><li>EBITDA Margin: 19% in Q1 2026 vs. 25% in Q1 2025.</li></ul></li><li>Doors Segment:<ul><li>Net Sales: $475 million in Q1 2026 vs. $540 million in Q1 2025, representing a 12% decrease.</li><li>EBITDA: $34 million in Q1 2026 vs. $68 million in Q1 2025.</li><li>EBITDA Margin: 7% in Q1 2026 vs. 13% in Q1 2025.</li></ul></li></ul><h4>Operational Metrics and Strategic Highlights</h4><ul><li>Safety Performance: Owens Corning maintained a recordable incident rate (RIR) of 0.46 in the first quarter.</li><li>Divestiture: The company completed the sale of its glass reinforcements business on April 30, 2026, anticipating approximately $280 million in cash proceeds and an additional $50 million to $70 million from excess alloy sales over the next year.</li><li>Shareholder Returns: Owens Corning returned $63 million to shareholders through cash dividends in Q1 2026.</li><li>Sustainability Recognition: The company was recognized by S&amp;P Global as a top 1% performer in the Sustainability Yearbook for the building products industry.</li></ul><h4>Outlook / Guidance</h4>For the second quarter of 2026, Owens Corning expects revenue from continuing operations to be approximately $2.6 billion to $2.7 billion, with an enterprise adjusted EBITDA margin from continuing operations of about 20% to 22%. The company anticipates $60 million in incremental costs due to inflationary impacts from the Iran conflict and projects discretionary remodeling and residential new construction to remain under pressure, while roofing demand is expected to be solid but slightly down year-over-year. For the full year 2026, General Corporate EBITDA Expenses are forecast between $245 million and $255 million, Interest Expense between $255 million and $265 million, and an Effective Tax Rate on Adjusted Earnings of 24% to 26%. Capital Additions are projected to be approximately $800 million, and Depreciation and Amortization around $680 million.

Owens Corning | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 2.265 B