Overview

• Building products leader's Q4 revenue and adjusted EPS missed analyst expectations

• Company recorded $1.2 bln non-cash impairment charges related to Doors business

• Adjusted EBITDA for Q4 slightly missed analyst estimates

Outlook

• Owens Corning expects Q1 2026 revenue between $2.1 bln and $2.2 bln

• Company anticipates mid-teens adjusted EBITDA margin for Q1 2026

• Owens Corning projects full-year 2026 results aligned with consensus estimates

Result Drivers

• MARKET CONDITIONS - Weak market conditions, particularly in the Doors segment, led to significant non-cash impairment charges

• EFFICIENCY IMPROVEMENTS - Improved operating efficiencies and favorable product mix shifts helped maintain strong EBITDA margins

• STRATEGIC INITIATIVES - Sale of building materials business in China and Korea and integration of Doors business aimed at unlocking cost synergies

Company press release: ID:nBw2ZZKMZa

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q4 Sales	Miss	$2.14 bln	$2.17 bln (17 Analysts)
Q4 Adjusted EPS	Miss	$1.10	$1.36 (18 Analysts)
Q4 EPS		-$3.45
Q4 Net Income		-$282 mln
Q4 Adjusted EBITDA	Slight Miss*	$362 mln	$363.83 mln (16 Analysts)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the construction supplies & fixtures peer group is "buy"

• Wall Street's median 12-month price target for Owens Corning is $135.00, about 6.6% above its February 24 closing price of $126.63

• The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 9 three months ago

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