Latest news with #Roofing
Yahoo
7 days ago
- Business
- Yahoo
Owens Corning Boosts Outlook, Brushes Off Minimal Tariff Impact
Owens Corning (NYSE:OC) shares surged Wednesday after the company reported second-quarter 2025 results that beat analyst expectations on both earnings and revenue. The company reported adjusted diluted earnings per share from continuing operations of $4.21, topping the $3.81 estimate. GAAP diluted EPS from continuing operations increased 34% to $3.91, up from $2.91 a year earlier. Revenue rose 10% year over year to $2.747 billion, exceeding the $2.703 billion analyst forecast. Net earnings attributable to Owens Corning rose to $334 million, up from $256 million in the prior-year quarter, resulting in a net earnings margin of 12%. Also Read: Adjusted EBITDA increased 4% to $703 million, with a margin of 26%, marking the company's 20th consecutive quarter of delivering adjusted EBITDA margins of 20% or higher. In the Roofing segment, sales rose 4% to $1.303 billion, with EBITDA of $457 million and a margin of 35%. The Insulation segment saw a 4% decline in sales to $934 million, generating $225 million in EBITDA at a 24% margin. The newly acquired Doors business contributed $554 million in revenue and $75 million in EBITDA, with a margin of 14%. View more earnings on OC Operating cash flow totaled $327 million, down from $493 million in the year-ago period. Free cash flow dropped 62% to $129 million. Owens Corning ended the quarter with $230 million in cash and cash equivalents. The company is also moving forward with the planned divestiture of its glass reinforcements business, expected to close in 2025 pending regulatory approval. The company returned $279 million to shareholders during the quarter through dividends and share repurchases, bringing year-to-date shareholder returns to nearly $440 million. Outlook For the third quarter, Owens Corning expects sales between $2.7 billion and $2.8 billion, compared to the $2.685 billion analyst estimate. Adjusted EBITDA margin is projected between 23% and 25%. The company anticipates minimal tariff impact, estimating a net effect of about $10 million after mitigation measures. Executive Vice President and CFO Todd Fister commented, "With confidence in our cash generation, we returned significant cash to shareholders – nearly $440 million in the first half – and remain on track to deliver our commitment of $2 billion in returns over the next two years," said Executive Vice President and Chief Financial Officer Todd Fister. "Even in current market conditions, we expect to maintain strong EBITDA margins and shareholder returns while investing to accelerate long-term growth and incremental cash generation." Price Action: At last check Wednesday, OC shares were trading higher by 4.76% to $147.54. Read Next:Photo by Jonathan Weiss via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? OWENS-CORNING (OC): Free Stock Analysis Report This article Owens Corning Boosts Outlook, Brushes Off Minimal Tariff Impact originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Inicia sesión para acceder a tu cartera de valores
Yahoo
18-07-2025
- Business
- Yahoo
Summer Ready with Guardian: Protecting Your Home Against Heat and Storms
Guardian Roofing, Gutters & Insulation Offers Seasonal Services and Specials to Safeguard Homes Across the Pacific Northwest SEATTLE, WA / / July 18, 2025 / As temperatures rise and summer storms approach, Guardian Roofing, Gutters & Insulation is helping homeowners stay cool, dry, and protected with their Summer-Ready Service Package - a comprehensive lineup of insulation services, expert storm preparation tips, and exclusive seasonal offers designed to deliver comfort and peace of mind all summer long. "Summer in the Pacific Northwest can bring extreme weather shifts, from scorching heatwaves to intense wind and rain," said Lori Swanson of Guardian Roofing, Gutters & Insulation. "That's why our team is working proactively to help homeowners fortify their homes from top to bottom - keeping the cool in, the heat out, and storm damage at bay." Beat the Heat with Expert Insulation Guardian's summer insulation services are designed to reduce energy costs and improve home comfort. With energy-efficient attic insulation, radiant barrier installations, and home performance evaluations, Guardian helps prevent costly cooling loss and unnecessary strain on HVAC systems. Homeowners who schedule insulation services this July or August can receive $250 off any insulation project of $2,000 or more. Prepare for Storm Season Summer storms in the region are unpredictable and potentially damaging. Guardian provides a full suite of storm-prep services, including: Roof inspections and tune-ups to check for loose shingles, flashing issues, or leaks Gutter cleaning and maintenance to ensure proper drainage Emergency response plans and educational resources for homeowners With Guardian's Roof and Gutter Readiness Package, homeowners receive a comprehensive inspection and minor repairs starting at just $199-an ideal way to safeguard your home before peak storm activity hits. Worry-Free Warranties and Trusted Protection To give homeowners added confidence, Guardian is offering an extended 15-year workmanship warranty on all new roofs installed through August 31, 2025. As a company known for its quality craftsmanship and exceptional customer service, Guardian continues to stand behind every job with integrity and care. "Preparedness isn't just a priority-it's a promise we make to every family we serve," said Swanson. "Our summer services reflect our commitment to keeping homes protected, energy-efficient, and ready for whatever the season brings." For more information, to schedule a service, or to take advantage of current summer offers, visit or call 877-926-9966. About Guardian Roofing, LLC Guardian Roofing, LLC is an award-winning professional roofing contractor in the Seattle market, serving homeowners since 2005 in the counties of King, Pierce, Snohomish, Kitsap and Thurston. Founders Lori and Matt Swanson have more than 60 years of combined roofing experience and employ a team of more than 100 skilled and professionally certified craftsmen who assist customers with their roof, gutter, attic, masonry, and skylight needs. Recognized in 2022 as one of the fastest-growing private companies by the Puget Sound Business Journal, Guardian is rated A+ by the Better Business Bureau and has been named a top 100 Roofing Contractor in the U.S. by Roofing Contractors Magazine. For more information, visit Licenses: WA UBI 604-059-205 | FEIN #81-4469822 Media Contact: Dana CobbThe Barber Shop Marketingdana@ SOURCE: Guardian Roofing View the original press release on ACCESS Newswire
NZ Herald
06-06-2025
- Health
- NZ Herald
On the Up: Workplace wellbeing the goal of South Island touch rugby event
A focus on mental health and workplace wellbeing is at the centre of a touch rugby festival returning to the South Island this October. Launched in 2024, Freeman Roofing Touch Footy For All is a charity event run by Te Waipounamu Touch in partnership with MATES in Construction. The initiative
