Owens Corning

Cash Returned to Shareholders In May, the Owens Corning Board of Directors approved a new share repurchase authorization for up to 12 million shares of the company s common stock.

SEC original ↗Owens Corning — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Owens Corning returned $279 million to shareholders through dividends and share repurchases during the second quarter.

SEC original ↗Owens Corning — Earnings release (8-K exhibit)EX-99Aug 6, 2025

The company paid a quarterly cash dividend of $59 million and repurchased 1.6 million shares of common stock for $220 million.

SEC original ↗Owens Corning — Earnings release (8-K exhibit)EX-99Aug 6, 2025

At the end of the quarter, 16.0 million shares were available for repurchase under the current authorizations.

SEC original ↗Owens Corning — Earnings release (8-K exhibit)EX-99Aug 6, 2025

These non-GAAP measures include EBITDA from continuing operations, adjusted EBITDA from continuing operations, adjusted earnings from continuing operations, adjusted diluted earnings per share attributable to Owens Corning common stockholders ( adjusted EPS ) from continuing operations, adjusted pre-tax earnings from continuing operations, free cash flow, free cash flow conversion and net debt-to-adjusted EBITDA from continuing operations.

SEC original ↗Owens Corning — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Free cash flow is not a measure of residual cash flow available for discretionary expenditures due to the company's mandatory debt service requirements.

SEC original ↗Owens Corning — Earnings release (8-K exhibit)EX-99Aug 6, 2025

This is the result of the structural changes and strategic choices we have made to reshape the new Owens Corning, said Chair and Chief Executive Officer Brian Chambers.

SEC original ↗Owens Corning — Earnings release (8-K exhibit)EX-99Aug 6, 2025

As we progress through the year, we remain focused on leveraging our unique operating model to strengthen our market positions, sustain our financial performance, and create value for our customers and shareholders.

SEC original ↗Owens Corning — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Enterprise Strategy Highlights In the second quarter, Owens Corning maintained a high level of safety performance with a recordable incident rate (RIR) of 0.60.

SEC original ↗Owens Corning — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Owens Corning hosted its 2025 Investor Day in May, during which the executive leadership team highlighted the durable changes made to the company to deliver its long-term financial targets, leveraging a unique operating model and renewed enterprise strategy to sustain high EBITDA margins and generate revenue growth.

SEC original ↗Owens Corning — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Aligned with the company s strategy to strengthen its market leadership in building products, the previously announced divestiture of Owens Corning s glass reinforcements business is making good progress.

SEC original ↗Owens Corning — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Owens Corning expects minimal third-quarter impact from tariff exposure as a result of long-term and short-term mitigation efforts, based on current tariff policies.

SEC original ↗Owens Corning — Earnings release (8-K exhibit)EX-99Aug 6, 2025

In the third quarter, the company anticipates reducing its approximately $50 million tariff exposure to a net impact of about $10 million, primarily in the Doors business.

SEC original ↗Owens Corning — Earnings release (8-K exhibit)EX-99Aug 6, 2025

These forward-looking statements are subject to risks, uncertainties and other factors and actual results may differ materially from those results projected in the statements.

SEC original ↗Owens Corning — Earnings release (8-K exhibit)EX-99Aug 6, 2025