Owens Corning (OC) is trading higher on Wednesday, May 6, 2026 after releasing first-quarter 2026 results and providing a second-quarter outlook that points to stronger profitability versus the first quarter. The company also emphasized that it has completed its portfolio shift with the sale of its glass reinforcements business, positioning OC as a more focused branded building products company and setting up additional cost-efficiency opportunities. (investor.owenscorning.com)

For Q1 2026, Owens Corning reported net sales from continuing operations of $2.265 billion (down 10% year over year), diluted EPS from continuing operations of $0.47, and adjusted diluted EPS from continuing operations of $1.22. It posted an adjusted EBITDA margin from continuing operations of 16% and returned $63 million to shareholders via dividends during the quarter. (investor.owenscorning.com)

For Q2 2026, Owens Corning expects revenue from continuing operations of about $2.6 billion to $2.7 billion and an enterprise adjusted EBITDA margin of roughly 20% to 22%. The company said it expects about $280 million of cash proceeds from the glass reinforcements sale and an additional $50 million to $70 million from excess alloy sales over the next year, with proceeds aimed at organic growth initiatives and cash returns to shareholders; it also reiterated its commitment to return $2 billion of cash to shareholders over 2025–2026 through dividends and share repurchases. (investor.owenscorning.com)

Management flagged several demand and cost swing factors that could shape the next leg of the move, including discretionary remodeling pressure, roofing demand normalization after heightened restocking late in Q1, and an expected incremental cost impact of about $60 million in Q2 tied to inflationary effects from the Iran conflict. Investors will be focused on whether margins can hold near the guided 20%–22% level as residential activity remains under pressure. (investor.owenscorning.com)