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 significant 20% increase in net sales for 2021, reaching $8.5 billion, with net earnings of $1.0 billion, yielding a diluted EPS of $9.54. The company enhanced Adjusted EBITDA margins to 22% and returned 62% of free cash flow to shareholders. Q4 results showed an 11% sales growth year-over-year, driven by favorable selling prices. The board approved a 10 million share repurchase plan, reflecting strong cash generation and a commitment to shareholder return.
Owens Corning (NYSE: OC) has declared a quarterly cash dividend of $0.35 per common share, payable on April 7, 2022. Shareholders of record as of March 4, 2022 will receive this dividend. Future dividends will be determined by the Board of Directors based on the company’s earnings, financial condition, and other relevant factors. Owens Corning, a leader in building materials, reported $7.1 billion in sales for 2020 and operates globally with approximately 19,000 employees.
Owens Corning (NYSE: OC) will showcase roofing solutions at the 2022 International Roofing Expo in New Orleans from February 1-3. Their booth will present innovative products, including high-performance shingles with advanced features for wind resistance and storm protection. The company emphasizes the importance of safety and installation ease with synthetic underlayments and educational resources through Owens Corning University. Additionally, OC has received the Women’s Choice Award for five consecutive years, highlighting its appeal to female consumers.
Owens Corning (NYSE: OC) will announce its fourth-quarter and full-year 2021 financial results on February 16, 2022, before the NYSE opens. A conference call will follow at 9 a.m. ET to discuss these results. Interested parties can access a webcast replay for one year using the provided link. The company emphasizes its commitment to sustainability and innovation in building materials, and has a strong global presence with 19,000 employees worldwide. In 2020, Owens Corning recorded sales of $7.1 billion.
Owens Corning (NYSE: OC) has declared a quarterly cash dividend of $0.35 per common share, representing a 35% increase from the previous quarter. This dividend will be payable on January 21, 2022, to shareholders of record as of January 7, 2022. The company highlighted its strong cash flow performance, reinforcing confidence in its earnings capability. Future dividends will be determined by the Board based on earnings and financial conditions.
Owens Corning outlined its 2024 financial targets during a recent virtual Investor Day, aiming for annual revenue of
Owens Corning reported strong third-quarter 2021 results with net sales of $2.2 billion, an increase of 16% from the previous year. Net earnings reached $260 million, or $2.50 per diluted share. Adjusted EBIT stood at $400 million, maintaining an impressive margin of 18%. All business segments recorded double-digit margins for the fifth consecutive quarter. Operating cash flow was $466 million with free cash flow of $400 million. The company continues to prioritize returns to shareholders, having repurchased shares and declared dividends.
Owens Corning has unveiled "Bourbon" as the 2022 Shingle Color of the Year, adding to its TruDefinition Duration Designer Colors Collection. This addition features a smooth finish and combines shades of steely gray-blue and butterscotch, aiming to enhance home aesthetics while maintaining high performance. The launch emphasizes design versatility, supported by three inspirational style boards: Northwest Craftsman, Mediterranean, and Modern Prairie. Owens Corning continues to receive accolades, being named America’s most recommended roofing products, particularly favored by women for their style and functionality.
Owens Corning (NYSE: OC) will hold its 2021 virtual Investor Day on November 10, from 8:30 a.m. to 12:30 p.m. ET. The event, hosted by CEO Brian Chambers and CFO Ken Parks, will showcase presentations from senior management focusing on the company's performance, enterprise strategy, and financial goals. A live webcast will be available, and pre-registration is recommended for convenient access. The archived replay and slide presentations will also be accessible on the Investor Relations website.
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