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 reports news as a NYSE-listed building products company focused on roofing, insulation and doors for residential markets in North America and Europe. Recurring updates cover quarterly and annual operating results, margin trends, non-GAAP measures, dividend declarations, product and process innovation, and capital allocation tied to its branded building-products strategy.
Company news also reflects Owens Corning's portfolio reshaping, including completed divestitures such as the glass reinforcements business and building materials operations in China and Korea. Other developments address the Doors business, impairment charges, governance and leadership changes, and the company's integrated go-to-market approach across its core product categories.
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.
Owens Corning (NYSE: OC) will announce its third-quarter 2021 financial results on October 27, 2021, prior to the NYSE opening. A conference call for results discussion is scheduled for 9 a.m. ET the same day. Interested participants can access the call by dialing in 10-15 minutes early. A replay will be available for one year. Owens Corning focuses on insulation, roofing, and fiberglass composite materials, with 2020 sales of $7.1 billion. The company has maintained its Fortune 500 status for 67 consecutive years, leveraging the workforce of 19,000 employees across 33 countries.
Owens Corning (NYSE: OC) has declared a quarterly cash dividend of $0.26 per common share, payable on November 5, 2021, to shareholders of record as of October 22, 2021. Future dividends will depend on various factors such as the company's earnings, financial health, and prospects. Owens Corning is a leader in building and industrial materials, generating $7.1 billion in sales in 2020, with a committed workforce of 19,000 employees across 33 countries.
Owens Corning's Insulation business has won the National Preferred Partner Award from David Weekley Homes for the ninth consecutive year. This award recognizes their innovation, quality, and customer service among 140 evaluated companies. The recognition reflects the resilience and commitment of Owens Corning's team in a challenging market. Additionally, the company has launched PINK Next Gen™ Fiberglas™ insulation, designed to meet building codes and aid homebuilders in a post-pandemic environment.
Owens Corning has donated over 8,000 sq. ft. of its PINK Next Gen™ Fiberglas™ insulation for a specially adapted, mortgage-free home for wounded veteran Daniel "Doc" Jacobs in Vista, California. The home is part of the Gary Sinise Foundation’s R.I.S.E. program, which supports severely injured veterans. The insulation offers enhanced comfort, energy efficiency, and is free from harsh chemicals. This initiative highlights Owens Corning’s commitment to community support and honoring veterans through practical contributions.
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.