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) has announced the election of Paul E. Martin to its Board of Directors. Martin, who previously served as Senior Vice President and Chief Information Officer at Baxter International until 2020, brings extensive global business and technology experience. His prior roles include senior management positions at Rexam plc and technology leadership at CIT Group and others. He is currently on the Board of Unisys Corporation and recently joined Ping Identity Holding Corp. Martin will also serve on Owens Corning's Audit and Finance committees, effective immediately.
Owens Corning (NYSE: OC) has declared a quarterly cash dividend of $0.26 per common share, payable on April 2, 2021, to shareholders of record as of March 5, 2021. The Board will determine future dividends based on the company’s earnings, financial health, cash needs, and other considerations. In 2019, Owens Corning achieved $7.2 billion in sales, reflecting its status as a leader in building and industrial materials, supported by a workforce of 18,000 in 33 countries.
Owens Corning (NYSE: OC) will report its fourth-quarter and full-year 2020 financial results on February 17, 2021, before the NYSE opens. A conference call will follow at 9 a.m. ET on the same day to discuss the results. The public can join the call by dialing in 10-15 minutes early, and a replay will be available for one hour post-call until February 24, 2021. Owens Corning is a leader in building and industrial materials, with sales of $7.2 billion in 2019 and a workforce of 18,000 across 33 countries.
Owens Corning's Board has approved an 8% increase in the quarterly cash dividend to $0.26 per share and authorized the repurchase of 10 million shares of common stock. These measures affirm the company's commitment to returning at least 50% of free cash flow to shareholders. Year-to-date, approximately $159 million has been returned to investors through dividends and buybacks. The company emphasizes its focus on maintaining a strong balance sheet while supporting key business initiatives.
Summary not available.
Owens Corning (NYSE:OC) has announced Aged Copper as the 2021 Shingle Color of the Year, adding it to their TruDefinition Duration Designer Colors Collection. The choice reflects insights from designers and architects, aiming to evoke a sense of serenity and natural beauty.
The new color coordinates with various exterior palettes and is part of the Duration Series, which boasts advanced performance technology for durability against severe weather. Owens Corning has maintained its status as a recommended roofing brand, earning the Women’s Choice Award for the third consecutive year.
Owens Corning (NYSE: OC) is set to announce its third-quarter 2020 financial results on October 28, 2020, before the NYSE opens. A conference call will follow at 9 a.m. ET to discuss the results. The company is a leader in insulation and building materials, with reported sales of $7.2 billion in 2019 and a workforce of 18,000 across 33 countries. Owens Corning has been a Fortune 500 company for 66 consecutive years, focusing on sustainable solutions in energy efficiency and product safety.