Owens-Corning shares surged 5.33% in pre-market trading on Wednesday after the building materials company reported second-quarter results that significantly exceeded Wall Street expectations.

The company posted adjusted earnings of $3.93 per share, crushing the analyst consensus estimate of $3.08 by 27.6%. Revenue came in at $2.76 billion, roughly flat year-over-year but comfortably above the $2.65 billion forecast. Adjusted EBITDA reached $660 million, handily beating the $561.4 million estimate, driven by strong performance in the Roofing and Insulation segments, which offset weakness in the Doors division.

Investors looked past the company's cautious third-quarter outlook, which projected revenue of $2.6 billion to $2.7 billion — slightly below the $2.68 billion consensus — and flagged an anticipated $40 million in incremental costs from inflation tied to the Iran conflict. Instead, the market rewarded Owens-Corning's disciplined execution, progress on cost synergies exceeding $135 million in enterprise run-rate savings, and the return of $264 million to shareholders through dividends and buybacks.