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) reported a strong third-quarter 2022, with net sales increasing 14% to $2.5 billion and net earnings rising 81% to $470 million. Adjusted EBIT margins expanded to 19%, while diluted EPS surged 94% to $4.84. The company generated $461 million in operating cash flow and returned $239 million to shareholders through dividends and share buybacks. Significant investments in innovation and acquisitions, including Natural Polymers, and a commitment to shareholder returns reflect Owens Corning's robust strategy for sustainable growth amidst shifting market conditions.
Owens Corning has unveiled "Midnight Plum" as its 2023 Shingle Color of the Year, part of the TruDefinition® Duration® shingle line. This color features unique purple undertones, following a successful trend since 2017. Designed to enhance curb appeal, it matches various architectural styles. The company emphasizes the importance of color in home aesthetics, supporting homeowners' personal expression. Additionally, Owens Corning introduced four new shingle colors, reflecting design trends and removing outdated options. With patented SureNail® Technology, these shingles promise durability and performance.
Owens Corning (NYSE: OC) will announce its third-quarter financial results on October 26, 2022, before the market opens. A conference call is scheduled for 9 a.m. ET on the same day, where the financials will be discussed. Interested parties can access the call via a provided webcast link.
Founded in 1938 and headquartered in Toledo, Ohio, Owens Corning is a leader in building and construction materials, generating $8.5 billion in sales in 2021 and employing around 20,000 people globally.
Owens Corning (NYSE: OC) has declared a quarterly cash dividend of $0.35 per common share, set to be paid on November 3, 2022, to shareholders on record as of October 17, 2022. Future dividends will be determined by the Board of Directors based on the company’s earnings, financial condition, and other factors. Owens Corning is a leader in building and construction materials, achieving $8.5 billion in sales for 2021, and is dedicated to sustainable practices and material innovation.
Owens Corning (NYSE: OC) has successfully acquired Natural Polymers, LLC, a manufacturer of spray polyurethane foam insulation, based in Cortland, Illinois. This acquisition aims to enhance Owens Corning's product offerings and growth strategy in the building and construction sector. The company anticipates that Natural Polymers' technology will support its sustainable solutions initiatives while expanding its portfolio in higher-growth markets. Natural Polymers is known for producing low-VOC spray foam products, contributing to environmentally friendly construction practices.
Owens Corning (NYSE: OC) reported strong second-quarter 2022 results with net sales increasing 16% to $2.6 billion. Adjusted EBIT margins expanded to 20% and diluted EPS rose 24% to $3.49. The company generated operating cash flow of $466 million and free cash flow of $361 million, returning $136 million to shareholders through dividends and share buybacks. Notable acquisitions include WearDeck and Natural Polymers, expected to generate significant sales. For the third quarter, Owens Corning anticipates continued growth in net sales and adjusted EBIT.
Owens Corning (NYSE: OC) will announce its second-quarter financial results on July 27, 2022, before market opening. A conference call is scheduled at 9 a.m. ET to discuss the results. The company, based in Toledo, Ohio, reported $8.5 billion in sales for 2021 and focuses on sustainable building materials through its businesses in Composites, Insulation, and Roofing. Investors can access a webcast replay for one year after the event and are encouraged to dial in early to participate.
Owens Corning (NYSE: OC) has been named a National Preferred Partner by David Weekley Homes for the 10th consecutive year, as announced in the company's press release. The honor, awarded based on the National Preferred Partner Survey, recognizes Owens Corning among the top 12 manufacturers from 138 evaluated. The company emphasizes its commitment to quality and service, highlighted by the successful launch of PINK Next Gen Fiberglas insulation. Owens Corning reported sales of $8.5 billion in 2021, underscoring its strong market position.
Owens Corning (NYSE: OC) showcased its expertise at the AIA A’22 Conference on Architecture in Chicago on June 23-24. The event marks the first in-person gathering since 2019, emphasizing building science advancements and sustainable commercial building practices. Attendees experienced immersive demonstrations of innovative insulation materials, including fire-resistant options and sustainable solutions. Notably, Owens Corning's FOAMULAR NGX and Thermafiber products, recognized for their sustainability and safety, reflect the company’s commitment to high-performing materials. 2021 sales reached $8.5 billion.
Owens Corning (NYSE: OC) has announced plans to acquire Natural Polymers, LLC, a manufacturer of spray polyurethane foam insulation, based in Cortland, Illinois. This acquisition aims to enhance Owens Corning's core insulation offerings and tap into higher-growth markets. Natural Polymers is expected to generate approximately $100 million in sales in 2022, with a track record of double-digit growth anticipated for the coming years. The deal is subject to regulatory approvals and is expected to close in Q3 2022.
FAQ
What is the current stock price of Owens Corning (OC)?
What is the market cap of Owens Corning (OC)?
