Owens Corning Stock Price, News & Analysis

Owens Corning (NYSE: OC) has launched PINK Next Gen™ Fiberglas™ insulation, featuring innovative fiber technology that allows for up to 23% faster installation than previous products. This new insulation is designed to enhance safety, precision, comfort, and sustainability. Notably, it offers a 99% improvement in fire performance, contains no hazardous chemicals, and is made using 100% wind-powered electricity. The product aims to help contractors meet tight timelines and budgets, while improving indoor comfort and reducing installation dust. PINK Next Gen™ insulation is now available in the U.S. and Canada.

Owens Corning (NYSE: OC) reported Q2 2021 consolidated net sales of $2.2 billion, a 38% increase from $1.6 billion in Q2 2020. The company achieved net earnings of $298 million or $2.82 per share, compared to $96 million or $0.88 per share in the previous year. Adjusted EBIT increased to $408 million from $167 million. Owens Corning declared a quarterly cash dividend of $0.26 and repurchased 1.3 million shares for $131 million. The company maintains a strong balance sheet with $2 billion in available liquidity.

Owens Corning (NYSE: OC) has acquired vliepa GmbH, enhancing its nonwovens portfolio and targeting growth in the European building materials market. This acquisition introduces immediate coating capacity, supporting the shift towards innovative, glass-faced solutions in construction. The deal includes two production facilities in Brüggen, Germany, although transaction terms remain undisclosed. With about 70 employees, vliepa generated sales of approximately $30 million in 2020. Owens Corning aims to leverage the acquisition to address key trends like sustainability and labor efficiency.

Owens Corning (NYSE: OC) will announce its second-quarter 2021 financial results on July 28, 2021, before the opening of the New York Stock Exchange. A conference call to discuss these results is scheduled for 9 a.m. ET on the same day. The company, which generated $7.1 billion in sales in 2020, is recognized as a leader in building and industrial materials, employing 19,000 people across 33 countries. A webcast replay of the call will be available for one year.

Owens Corning (NYSE: OC) has declared a quarterly cash dividend of $0.26 per common share, payable on August 6, 2021, to shareholders of record as of July 16, 2021. Future dividend declarations will depend on the company's earnings, financial condition, cash requirements, and other factors. With 2020 sales of $7.1 billion, Owens Corning is a leader in building and industrial materials, focused on sustainability and innovation.

Owens Corning (NYSE: OC) has been recognized as the top corporate citizen for 2021 by 3BL Media, achieving this honor for the third consecutive year. This recognition underscores the company's commitment to environmental, social, and governance (ESG) transparency and performance. Owens Corning excelled in three categories: climate change, human rights, and ESG performance, ranking in the top five in most categories assessed. The ranking is based on 146 factors across eight categories and reflects the efforts of its 19,000 employees to positively impact customers and the world.

Owens Corning (NYSE: OC) reported a 20% increase in consolidated net sales, reaching $1.9 billion for the first quarter of 2021. The company achieved net earnings of $210 million or $1.98 per diluted share, a turnaround from a $917 million loss in Q1 2020. Adjusted earnings rose to $183 million, compared to $67 million a year earlier. The firm returned $197 million to shareholders. It maintains a strong balance sheet with $1.7 billion in available liquidity and emphasizes robust housing market conditions as a positive economic indicator.

Owens Corning (NYSE: OC) announced the appointment of Gina Beredo as Executive Vice President, General Counsel, and Corporate Secretary, effective June 9, 2021. Beredo brings over 20 years of experience, having previously served at Nordson Corporation. Her expertise includes global mergers, corporate governance, and compliance. CEO Brian Chambers highlighted her talent as a valuable addition to the executive team. Owens Corning, based in Toledo, Ohio, reported 2020 sales of $7.1 billion and has been a Fortune 500 company for 66 years.

Owens Corning (NYSE: OC) will announce its first-quarter 2021 financial results on April 28, 2021, before the NYSE opens. A conference call is scheduled for 9 a.m. ET that day to discuss the results. The company, a leader in building and industrial materials, reported 2020 sales of $7.1 billion and has been a Fortune 500 company for 66 consecutive years. Owens Corning employs 19,000 people across 33 countries, focusing on innovative products that enhance energy efficiency and sustainability.