The company projects a 20%-22% adjusted EBITDA margin for Q2, driven by pricing actions in its roofing segment.
Owens Corning expects second-quarter revenue of $2.6 billion to $2.7 billion, reflecting steady demand in its roofing business. The company anticipates an adjusted EBITDA margin of 20% to 22%, supported by recent pricing strategies.
The guidance aligns with prior market expectations, though it follows a mixed performance in Q1. Analysts had projected revenue near the midpoint of the range, with margins slightly below the high end. Comparable periods showed similar pricing dynamics in the roofing sector.
Shares showed limited movement in after-hours trading as investors digested the outlook.