Owens Corning Stock Price, News & Analysis

Owens Corning (NYSE: OC) announced key leadership transitions in its major business segments. Nico Del Monaco, former President of Insulation with 25 years of company experience, has been appointed as President of the Roofing business. Jose Canovas, previously Vice President and General Manager of Commercial and Industrial Insulation, has been named President of the Insulation business.

Del Monaco succeeds Gunner Smith, who is leaving the company after 17 years to pursue another opportunity. Both Del Monaco and Canovas will report directly to Chair and CEO Brian Chambers and serve on the Executive Committee. Smith will remain as an executive consultant through early August 2025 to ensure a smooth transition.

Owens Corning (NYSE: OC) has scheduled its second-quarter 2025 financial results announcement for Wednesday, August 6, 2025, before the NYSE market opening. The company will host an earnings conference call at 9 a.m. ET the same day.

Investors can access the live webcast through the company's event portal, and a replay will be available for one year. For those joining by phone, participants should dial in 10-15 minutes early using entry code 016049. A telephone replay will be accessible until August 13, 2025, using conference replay code 402190.

Owens Corning (NYSE: OC) has announced a quarterly cash dividend of $0.69 per common share, as declared by its Board of Directors. The dividend is scheduled for payment on August 7, 2025, to shareholders who are on record as of July 21, 2025. The company noted that future dividend declarations will be subject to Board discretion and will depend on various factors including earnings, financial condition, cash requirements, and future prospects.

Owens Corning (NYSE: OC) unveiled ambitious financial targets at its 2025 Investor Day, demonstrating strong growth prospects through 2028. The company aims to achieve $12.5 billion in revenue by 2028, up from $10.6 billion pro forma revenue in 2024. Key financial targets include maintaining mid-20% adjusted EBITDA margins and generating $5.5 billion in cumulative free cash flow from 2025-2028. The Board approved a new 12 million share repurchase authorization, adding to 5.7 million shares remaining from previous programs. The company commits to returning $2 billion to shareholders through dividends and buybacks by end of 2026. The strategy focuses on three market-leading segments: Roofing (30% EBITDA margin target), Insulation (24% margin target), and Doors (18% margin target, acquired in 2024). Since 2019, OC has returned over $3.6 billion to shareholders and doubled quarterly dividends in three years.

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) reported strong Q1 2025 financial results, with net sales from continuing operations reaching $2.5 billion, a 25% increase year-over-year. The newly acquired Doors business contributed $540 million in revenue. The company achieved a net earnings margin of 10% and adjusted EBITDA margin of 22%, marking its 19th consecutive quarter of 20%+ adjusted EBITDA margins. Diluted EPS from continuing operations was $2.95, while adjusted diluted EPS was $2.97. The company returned $159 million to shareholders through dividends ($59M) and share repurchases ($100M). For Q2 2025, OC expects high-single-digit revenue growth and adjusted EBITDA margins in the low-to-mid 20% range. The company's previously announced divestiture of its glass reinforcements business remains on track for 2025 completion.

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.