The building-products maker reported $660 million in adjusted EBITDA and $3.93 EPS, offsetting uneven construction demand with cost initiatives.
Owens Corning reported second-quarter revenue of $2.8 billion, flat year-over-year, with adjusted EBITDA of $660 million, yielding a 24% margin. Adjusted earnings per share reached $3.93, while free cash flow rose to $199 million from $129 million in the prior-year period.
The company cited commercial and operational initiatives for offsetting uneven construction and remodeling conditions. Tariff refunds of $25 million partially mitigated $30 million in net cost inflation tied to the Iran conflict, according to leadership.
Owens Corning returned $264 million to shareholders in Q2, including $200 million in share repurchases and $64 million in dividends, bringing first-half capital returns to $327 million.