Company: OC
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001370946-25-000241
Chunk: 87

Company: Owens Corning
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 2
Chunk 87
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 and multi-family starts.

The Company expects the new residential construction market in North America to remain challenged in the near-term, driven by an overall weakness in housing starts due to mortgage rates. The global non-residential construction markets are expected to be relatively stable in the near-term. The Company continues to concentrate on driving productivity, managing costs, capital expenditures and working capital as we position ourselves to expand capacity within our existing manufacturing network.

Doors

The table below provides a summary of net sales and EBITDA for the Doors segment:

Three Months EndedSeptember 30,Nine Months EndedSeptember 30,(In millions)2025202420252024Net sales$545 $573 $1,639 $884 % change from prior year-5 %N/A85 %N/AEBITDA$56 $89 $199 $150 EBITDA as a % of net sales10 %16 %12 %N/A

NET SALES

In our Doors segment, net sales in the third quarter of 2025 decreased $28 million compared to the same period in 2024 primarily driven by lower volumes of approximately 5% and lower selling prices of $6 million, which was partially offset by favorable mix.

In our Doors segment, net sales year-to-date 2025 increased $755 million compared to the same period in 2024, primarily due to the acquisition of Masonite, which was completed on May 15, 2024. 

EBITDA

In our Doors segment, EBITDA in the third quarter of 2025 decreased $33 million compared to the same period in 2024. The decrease is primarily due to higher input cost inflation of $17 million, unfavorable manufacturing performance of $13 million, lower volumes, and lower selling prices of $6 million. This was partially offset by lower selling, general, and administrative costs and favorable mix.

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Table of ContentsITEM 2.  MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (continued)

In our Doors segment, EBITDA year-to-date 2025 increased $49 million compared to the same period in 2024, primarily due to the acquisition of Masonite, which was completed on May 15, 2024.

OUTLOOK

The outlook for the Doors segment is driven by the residential new construction and residential repair and remodeling markets in North America and Europe. The Company expects the North America residential new construction market to remain challenged