Wed, May 7, 10:54 AM (6 days ago)
**Owens Corning (OC) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $2.53B, up from $2.02B in Q1 2024. - **Net Income:** $(93)M, down from $299M in Q1 2024 due to a $348M loss from discontinued operations. - **Earnings per Share (EPS):** $(1.08), down from $3.42 in Q1 2024. - **Cash Flow:** Net cash flow used in operations was $(49)M, compared to $24M in Q1 2024. - **Debt:** $5.04B in long-term debt, with $500M in short-term debt. **Segment Performance:** - **Roofing:** Net sales of $1.12B, EBITDA of $332M. - **Insulation:** Net sales of $909M, EBITDA of $225M. - **Doors (new segment):** Net sales of $540M, EBITDA of $68M. **Trends & Uncertainties:** - **Positive:** Strong demand in residential re-roofing and remodeling. - **Negative:** Tariff uncertainties, potential demand impacts from storms, and competitive pricing pressures. - **Strategic Shifts:** Sale of glass reinforcements business, focusing on building products in North America and Europe. **Future Operations Impact:** - **Capital Expenditures:** Focus on managing costs, capital expenditures, and working capital. - **Liquidity:** Strong liquidity position with $400M in cash and access to $1.5B in revolving credit facility. - **Debt Management:** Issued $500M in commercial paper notes, redeemed remaining Masonite 2028 notes. **Summary:** OC's Q1 2025 saw a significant impact from discontinued operations, leading to a net loss. However, the company reported strong revenue growth and positive trends in key segments. OC is focusing on strategic shifts, managing costs, and maintaining a strong liquidity position to navigate uncertainties and drive future growth.