What Does 'It turns out' mean?

The expression: It turns out

Dialog: Speaker 1 How are the repairs going on your house?

Speaker 2 It turns out that we need a new roof.

Meaning: The final result is

Explanation: ‘It turns out’ usually introduces a result that wasn’t expected; the result could be positive or negative.

‘that’ is often omitted: It turns out we need a new roof.

Other examples: It turns out I’ll be able to go to your party (I thought I couldn't go)

It turns out that I won’t be meeting with him (At first, I arranged
to meet him but now it's canceled)

Similar expressions: After all; in the end