Welcome to our dedicated page for Owens Corning news (Ticker: OC), a resource for investors and traders seeking the latest updates and insights on Owens Corning stock.
Owens Corning (NYSE: OC) is a building products company that regularly issues news on its operations, financial performance, and strategic initiatives. The company describes itself as a building products leader committed to building a sustainable future through material innovation, with products that provide durable, sustainable, energy-efficient solutions in roofing, insulation, composites, and related building materials.
Investors and industry followers can expect Owens Corning news to cover quarterly and annual financial results, including net sales, margins, cash flow, and the use of non‑GAAP metrics such as adjusted EBITDA and adjusted earnings from continuing operations. These results are often accompanied by commentary from senior leadership on market conditions, structural improvements to the business, and capital allocation plans such as dividends and share repurchases.
Company announcements also highlight strategic investments and portfolio actions. Examples include the selection of Prattville, Alabama, as the location for a new shingle plant in the southeastern United States to expand the Roofing manufacturing network, as well as the sale of certain building materials businesses in China and Korea and progress on the planned divestiture of the glass reinforcements business. Such updates provide insight into Owens Corning’s geographic focus and efforts to strengthen its building products portfolio.
Owens Corning news frequently features leadership and organizational updates, such as the appointment or promotion of executives in innovation and information technology roles. These releases describe the company’s focus on product stewardship, process and product innovation, digital tools, and emerging technologies like generative AI and agentic AI as part of its enterprise strategy and The OC Advantage™.
In addition, Owens Corning issues product and branding news, particularly around its roofing business. Announcements include the Shingle Color of the Year and new colors in the TruDefinition® Duration® Designer shingle line, emphasizing the role of roof color in home design and the combination of aesthetics with performance features such as patented SureNail® Technology. Recognition for corporate responsibility and ethics, as well as awards related to its roofing brand, also appear in the company’s news flow.
For readers tracking OC stock, the news stream offers a consolidated view of financial updates, manufacturing investments, portfolio changes, product launches, and corporate governance developments that shape Owens Corning’s position in the building products sector.
Owens Corning (NYSE: OC) is set to announce its first-quarter 2023 financial results on April 26, 2023, prior to the opening of the New York Stock Exchange. A conference call to discuss these results will take place at 9 a.m. ET on the same day. The company reported $9.8 billion in sales for 2022, showcasing its position as a global leader in building and construction materials, with a focus on sustainability through material innovation.
For further details, investors can join the conference call by dialing in 10-15 minutes early.
Owens Corning (NYSE: OC) reported substantial financial growth in 2022, achieving a 15% increase in net sales to $9.8 billion and net earnings of $1.2 billion. The company expanded adjusted EBIT margins to 18% and EBITDA margins to 23%, delivering a diluted EPS of $12.70. Operating cash flow was strong at $1.8 billion, with free cash flow of $1.3 billion, returning 71% of this to shareholders. CEO Brian Chambers highlighted ongoing market challenges for 2023, anticipating moderate declines in net sales. Key acquisitions in 2022 included WearDeck® and Natural Polymers, alongside continued investments in product innovation, enhancing long-term growth prospects.
Owens Corning (NYSE: OC) declared a quarterly cash dividend of $0.52 per common share, payable on April 6, 2023, to shareholders on record as of March 3, 2023. This decision reflects the company's commitment to returning value to its shareholders. Future dividends will depend on the company's earnings, financial conditions, cash requirements, and other relevant factors. Owens Corning, a leader in building and construction materials, reported $8.5 billion in sales for 2021, operating three integrated businesses focused on sustainability and energy efficiency, employing around 19,000 people across 31 countries.
Owens Corning (NYSE: OC) is set to showcase its insulation product line at the International Builders’ Show (IBS) from January 31 to February 2 in Las Vegas. The company will highlight its newly acquired Natural Polymers spray foam products, designed to meet stringent energy codes and enhance indoor air quality. Notable products include the Ultra-Pure low VOC spray foam insulation, which is GREENGUARD Gold Certified. Additionally, the company will present its award-winning PINK Next Gen Fiberglas insulation. Owens Corning aims to strengthen its market position through innovation and comprehensive product offerings.
Owens Corning (NYSE: OC) is set to release its fourth-quarter and full-year 2022 financial results on February 15, 2023, prior to market opening. A conference call to discuss the financial results will take place at 9 a.m. ET the same day. For those unable to attend, a webcast replay will be available for one year. The company, headquartered in Toledo, Ohio, is a leader in building materials with approximately 19,000 employees globally and reported sales of $8.5 billion in 2021.
Owens Corning (NYSE: OC) has successfully exited the Russian market by selling its operations to Umatex, a local carbon fiber producer. The transaction involved a Composites plant in Gous-Khroustalny and an Insulation plant in Tver/Izoplit, which together generated approximately
Owens Corning (NYSE: OC) has announced a significant 50% increase in its quarterly cash dividend to
Owens Corning (NYSE: OC) announced enhanced shingle recycling initiatives aimed at recycling two million tons of shingles annually in the U.S. by 2030. The company is focusing on two recycling methods: converting shingles into new shingles and asphalt pavement. Owens Corning has partnered with ASR Systems and CRS Reprocessing Services for pilot projects and has diverted 40 million pounds of shingles from landfills since 2020. The company continues to emphasize sustainability, highlighted by its 16th annual sustainability report and recognition for its corporate responsibility efforts.
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