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Owens Corning

$91.72

Earnings Summary

Revenue
$2601Mn
Net Profits
$343Mn
Net Profit Margins
13.19%
PE Ratio
8.07

Highlights

Revenue:

Owens Corning’s revenue jumped 16.17% since last year same period to $2601Mn in the Q2 2022. On a quarterly growth basis, Owens Corning has generated 10.87% jump in its revenue since last 3-months.

Net Profits:

Owens Corning’s net profit jumped 15.1% since last year same period to $343Mn in the Q2 2022. On a quarterly growth basis, Owens Corning has generated 12.83% jump in its net profits since last 3-months.

Net Profit Margins:

Owens Corning’s net profit margin fell -0.92% since last year same period to 13.19% in the Q2 2022. On a quarterly growth basis, Owens Corning has generated 1.77% jump in its net profit margins since last 3-months.

PE Ratio:

Owens Corning’s price-to-earnings ratio after this Q2 2022 earnings stands at 8.07.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Owens Corning post its latest quarter earnings

EPS Estimate Current Quarter
2.92
EPS Estimate Current Year
2.92

Highlights

EPS Estimate Current Quarter:

Owens Corning’s earning per share (EPS) estimates for the current quarter stand at 2.92 - a -12.31% fall from last quarter’s estimates.

EPS Estimate Current Year:

Owens Corning’s earning per share (EPS) estimates for the current year stand at 2.92.

Key Ratios

Key ratios of the Owens Corning post its Q2 2022 earnings

Earning Per Share (EPS)
3.83
Return on Assets (ROA)
0.1
Return on Equity (ROE)
0.26
Dividend Per Share (DPS)
1.31

Highlights

Earning Per Share (EPS):

Owens Corning’s earning per share (EPS) jumped 47.31% since last year same period to 3.83 in the Q2 2022. This indicates that the Owens Corning has generated 47.31% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Owens Corning’s return on assets (ROA) stands at 0.1.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Owens Corning’s return on equity (ROE) stands at 0.26.

Dividend Per Share (DPS):

Owens Corning declared 1.31 dividend per share during the earnings announcement for Q2 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-04-27
2.43
2.84
16.87%
2022-07-27
3.33
3.83
15.02%

Company Information

Owens Corning is a global building and industrial materials leader. The company's three integrated businesses are dedicated to the manufacture and advancement of a broad range of insulation, roofing and fiberglass composite materials. Leveraging the talents of 19,000 employees in 33 countries, Owens Corning provides innovative products and sustainable solutions that address energy efficiency, product safety, renewable energy, durable infrastructure, and labor productivity. These solutions provide a material difference to the company's customers and make the world a better place. Based in Toledo, Ohio, USA, the company posted 2020 sales of $7.1 billion. Founded in 1938, it has been a Fortune 500® company for 66 consecutive years.

Organisation
Owens Corning
Headquarters
Toledo, Ohio, US
Employees
19K
Industry
Non-Energy Minerals
CEO
Brian Chambers