Owens Corning (OC) Tops Q4 EPS by 14c
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Owens Corning Delivers Record Full-Year 2022 Results
February 15, 2023 6:00 AM ESTTOLEDO, Ohio--(BUSINESS WIRE)-- Owens Corning (NYSE: OC), a global building and construction materials leader, today reported fourth-quarter and full-year 2022 results.
Reported Net Sales Increase of 15% in 2022 to $9.8 Billion Produced Full-Year Net Earnings of $1.2 Billion Expanded 2022 Adjusted EBIT Margins to 18% and Adjusted EBITDA Margins to 23% Delivered Diluted EPS of $12.70 and Adjusted Diluted EPS of $12.88 Generated Operating Cash Flow of $1.8 Billion and Free Cash Flow of $1.3 Billion, Conversion of 104% Returned $931 Million, or 71%, of Free Cash Flow to Shareholders through Dividends and Share... More