Welcome to our dedicated news page for Owens Corning (Ticker: OC), a resource for investors and traders seeking the latest updates and insights on Owens Corning.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Owens Corning's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Owens Corning's position in the market.
Rhea-AI Summary
Owens Corning (OC) acquires Masonite International Corporation for $3.9 billion, expanding its residential product offerings and creating a new growth platform. The deal is expected to enhance Owens Corning's financial profile, generate synergies, and drive shareholder value. Masonite's market-leading doors business complements Owens Corning's existing portfolio, positioning the company for long-term growth and innovation.
Rhea-AI Impact
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End-of-Day
35.09%
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Owens Corning (OC) announces a strategic review of its global glass reinforcements business, aiming to focus on building and construction materials. The GR business generates $1.3 billion in annual revenues across 11 countries and 18 manufacturing facilities, supplying glass fiber products for various markets. The company aims to explore options such as sale, spinoff, or other strategic alternatives with the assistance of Morgan Stanley. No specific timeline has been set for the review.
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Rhea-AI Sentiment
End-of-Day
-7.07%
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Rhea-AI Summary
Owens Corning (OC) declares a quarterly cash dividend of $0.60 per common share, payable on April 4, 2024. Future dividends will be based on earnings, financial condition, and other factors.
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Rhea-AI Sentiment
End-of-Day
-0.17%
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Owens Corning (OC) is set to release its Q4 and full-year 2023 financial results on February 14, 2024, followed by a financial results discussion call. The webcast replay will be available for a year, and a telephone replay will be accessible for one week after the call. The call-in details for both live and replay sessions are provided in the press release.
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End-of-Day
-1.22%
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The global population is predicted to reach 9.7 billion by 2050, posing a challenge to food production. The solution lies in controlled environment agriculture (CEA) and hydroponics, which offer unique opportunities around local food, safe food, and supply chain resilience. Owens Corning's Vidawool, a mineral wool growing medium, is a water management solution in hydroponics that uses recycled slag. While indoor farming faces energy and waste disposal challenges, it is projected to be worth more than $32 billion by 2028.
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End-of-Day
-0.84%
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LM Wind Power (LMWP) successfully completes full scale validation testing of second recyclable thermoplastic blade, a major milestone for the ZEBRA project and the wind industry's commitment to circular economy
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-2.32%
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Owens Corning (NYSE: OC) has been included in the Dow Jones Sustainability World Index (DJSI World) for the 14th consecutive year and on the DJSI North America Index for the sixth consecutive year, with industry-leading assessment scores. The company scored 85 out of 100 in the 2023 S&P Global Corporate Sustainability Assessment, achieving the highest score in the building products industry. Owens Corning has also earned other distinctions for its corporate sustainability leadership, including ranking in the top 10 for the sixth year in a row on 3BL Media’s 100 Best Corporate Citizens list and being selected as one of the 2023 World’s Most Ethical Companies by Ethisphere.
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Rhea-AI Sentiment
End-of-Day
4.51%
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Owens Corning (NYSE: OC) declares a 15% increase in fourth-quarter cash dividend to $0.60 per common share, payable on January 19, 2024, to shareholders of record as of January 8, 2024.
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Rhea-AI Sentiment
End-of-Day
1.67%
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Owens Corning celebrates the milestone of providing 500 free high-quality roofs to U.S. military veterans and their families through the Roof Deployment Project, with a total estimated value of over $5 million. The company's Platinum Preferred Contractors donate labor to install the roofs, demonstrating a commitment to supporting veterans and their families.
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End-of-Day
0.13%
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Owens Corning's national HR leader, Asha Burry, discusses the company's unique approach to community engagement and sustainability in their 2022 Sustainability Report. She highlights the Jill of All Trades program, which provides young women with opportunities to explore trades and break stereotypes. Owens Corning's involvement in the program aligns with their sustainability goals and promotes inclusivity. Burry emphasizes the impact of giving back and empowering individuals to make impactful life decisions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.34%
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Owens Corning
NYSE:OC
OC Rankings
OC Stock Data
14.57B
86.30M
0.91%
97.23%
2.05%
Asphalt Shingle and Coating Materials Manufacturing
Manufacturing
United States of America
TOLEDO
About OC
owens corning (nyse: oc) develops, manufactures and markets insulation, roofing and fiberglass composites. global in scope and human in scale, the company’s market-leading businesses use their deep expertise in materials, manufacturing and building science to develop products and systems that save energy and improve comfort in commercial and residential buildings. through its glass reinforcements business, the company makes thousands of products lighter, stronger and more durable. ultimately, owens corning people and products make the world a better place. based in toledo, ohio, owens corning posted 2014 sales of $5.3 billion and employs about 15,000 people in 26 countries. it has been a fortune 500® company for 61 consecutive years. for more information, please visit www.owenscorning.com. a global company where market-leading businesses are built. at owens corning, we strive every day to make the world a better place. today, owens corning operates in three segments: insulation, roo