Owens Corning Stock Price, News & Analysis

Owens Corning (NYSE: OC) has announced a new share repurchase authorization for up to 12 million additional shares of its common stock. This comes on top of approximately 5.7 million shares that remained available for repurchase as of March 31, 2025, under a previous program. The company's Board of Directors approved this authorization, which can be executed through open-market, privately negotiated, or other transactions.

The decision reflects Owens Corning's strong capital allocation strategy and successful operational execution. CEO Brian Chambers emphasized that this move demonstrates the company's earnings power and ability to generate strong free cash flow, reaffirming their commitment to returning value to shareholders.

Owens Corning (NYSE: OC), a leading building products company, has announced its upcoming 2025 Investor Day scheduled for May 14, from 9 a.m. to 12 p.m. ET. The event will feature presentations from key leadership, including:

• Chair and CEO Brian Chambers
• CFO Todd Fister
• Senior management team members

The presentation will outline the company's long-term strategy, enterprise capabilities, and financial goals through 2028. Investors can participate through a live webcast by pre-registering at owenscorninginvestorday2025.q4ir.com. The event will include a Q&A session, and archived materials will be available on both the dedicated event website and the company's investor relations portal afterward.

Owens Corning (NYSE: OC) has released its 19th annual Sustainability Report for 2024, titled 'Building Better Together,' highlighting significant progress toward its 2030 sustainability goals. The company achieved notable milestones in several key areas:

• Recorded a 0.62 recordable incident rate, 78% below industry average, with 58% of global sites operating injury-free
• Generated 51% of revenue from energy-efficient products
• Reduced total waste by 64,676 metric tons compared to 2023, with an 11% year-over-year reduction in landfill waste
• Achieved a 43% reduction in Scope 1 and 2 emissions from 2018 baseline, including 11% reduction in 2024

The report adheres to Global Reporting Initiative Standards and addresses various sustainability frameworks including CDP, S&P Global CSA, DJSI, UN SDGs, and TCFD requirements.

Owens Corning (NYSE: OC) has scheduled the announcement of its first-quarter financial results for Wednesday, May 7, 2025, before the New York Stock Exchange opens. The company will host an earnings conference call at 9 a.m. ET the same day.

Investors can access the webcast through the provided link, which will remain available for replay for one year. For those joining by phone, participants are advised to dial in 10-15 minutes before the start using entry code 993845. A telephone replay will be accessible until May 14, 2025, using conference replay code 840489.

Owens Corning (NYSE: OC) has promoted Gina Beredo to the newly created position of Executive Vice President, Chief Administrative Officer & General Counsel. In her expanded role, Beredo will oversee human resources while maintaining her current responsibilities in legal, corporate affairs, aviation, and community affairs.

Since joining as General Counsel in June 2021, Beredo has played a important role in advancing the company's business strategy, successfully managing the acquisition and integration of Masonite International and executing the divestiture of the company's glass reinforcements business. She has also improved the performance of legal and corporate affairs functions.

The company also announced that Paula Russell, Executive Vice President and Chief Human Resources Officer, will be departing in mid-April after a 25-year career with the company to pursue personal growth opportunities.

Owens Corning (NYSE: OC) reported strong financial results for 2024, with net sales reaching $11.0 billion, a 13% increase from the previous year. The newly acquired Doors business contributed $1.4 billion to revenue. The company achieved a net earnings margin of 6%, adjusted EBIT margin of 19%, and adjusted EBITDA margin of 25%.

Key financial highlights include diluted EPS of $7.37, adjusted diluted EPS of $15.91, operating cash flow of $1.9 billion, and free cash flow of $1.2 billion. The company returned $638 million to shareholders through dividends ($208 million) and share repurchases ($430 million).

Strategic initiatives in 2024 included the acquisition of Masonite International , a planned sale of its glass reinforcements business, and an agreement to sell operations in China and Korea. The company also announced plans for a new laminate shingle facility in the southeastern United States, expected to be operational by 2027.

Owens Corning (NYSE: OC) has signed a definitive agreement to sell its glass reinforcements business to Praana Group for an enterprise value of $755 million. The sale is part of Owens Corning's strategic plan to focus on residential and commercial building products in North America and Europe.

The glass reinforcements business, which generated revenue of approximately $1.1 billion in 2024, has about 4,000 employees across 18 operations in 12 countries. The business manufactures glass fiber reinforcements for wind energy, infrastructure, industrial, transportation, and consumer markets.

The transaction is expected to close in 2025, subject to regulatory approvals. Owens Corning will retain its glass nonwovens business supporting the Roofing segment, its structural lumber business, and two U.S. glass melting plants which will be integrated into its Insulation segment.