Owens Corning (OC) Q2 2026 Earnings Call Transcript
Owens Corning (OC) reported Q2 2026 net sales of $2.8B, adjusted EBITDA of $660M (24% margin), and adjusted diluted EPS of $3.93 versus $4.21 a year earlier. Free cash flow rose to $199M. Q3 guidance calls for revenue of $2.6B to $2.7B and adjusted EBITDA margin of 20% to 22%, with Roofing most affected by Iran-related cost inflation.
How this was made
The 30-second read
Why it matters
Key trading inputs are the explicit Q3 revenue and adjusted EBITDA margin guidance, plus quantified inflation headwinds tied to the Iran conflict and demand pressure in remodel and new residential construction.
Market read
Traders can update near-term estimates using the provided Q3 revenue ($2.6B-$2.7B) and adjusted EBITDA margin (20%-22%) ranges and the stated $40M Iran-related cost inflation outlook for Q3.
What to watch
Doors cost synergies ($135M) and tariff refunds ($25M) could cushion consolidated margins more than the headline EBITDA margin range implies, especially if Roofing pricing holds up better than inflation assumptions.
Background
The transcript covers Owens Corning’s Q2 2026 results and management commentary, including segment performance, cost actions, capital allocation, and Q3 outlook.
Ticker impact
Owens Corning guided Q3 revenue to $2.6B-$2.7B and EBITDA margin to 20%-22%, citing Iran-related cost inflation and weaker remodel/new construction.
Choppy-to-soft near term, with downside risk if margin guidance is viewed as conservative versus housing/inventory normalization.
The call provides explicit Q3 revenue and margin ranges plus quantified cost headwinds ($40M Iran inflation outlook) and demand pressure commentary, which can drive estimate revisions and positioning.
Market effects
Residential building-products peers may see read-across on insulation demand sensitivity to housing starts and inventory pull-forward.
West Coast demand planning (Nephi, Utah plant restart) could affect regional supply dynamics into 2027 furnace rebuilds.
European insulation volume growth and ongoing material inflation highlight continued cross-region cost and demand variability.
Counterpoint
Margin pressure may be temporary if storm demand normalizes and distributor inventory digestion reduces the Q3 drag faster than expected.
Key entities
- companyOwens Corning
Reported Q2 2026 results and issued Q3 2026 guidance on revenue and adjusted EBITDA margin, citing inflation and demand timing.
- executiveBrian Chambers
CEO who commented on Q3 demand pressure and storm/inventory dynamics.
- executiveTodd Fister
CFO/COO who discussed Roofing cost inflation outlook and margin drivers.
