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 (NYSE: OC) has signed a definitive agreement to sell its glass reinforcements business to Praana Group for an enterprise value of $755 million. The sale is part of Owens Corning's strategic plan to focus on residential and commercial building products in North America and Europe.
The glass reinforcements business, which generated revenue of approximately $1.1 billion in 2024, has about 4,000 employees across 18 operations in 12 countries. The business manufactures glass fiber reinforcements for wind energy, infrastructure, industrial, transportation, and consumer markets.
The transaction is expected to close in 2025, subject to regulatory approvals. Owens Corning will retain its glass nonwovens business supporting the Roofing segment, its structural lumber business, and two U.S. glass melting plants which will be integrated into its Insulation segment.
Owens Corning (NYSE: OC) has announced plans to build a new shingle manufacturing facility in the southeastern United States, expanding its production capacity to meet growing demand. The new plant will feature a four-wide laminator capable of producing approximately 6 million squares per year, with production expected to begin in 2027.
The facility will manufacture high-performing shingles, including the Duration® series featuring patented SureNail® technology. The plant will employ advanced automation technology and create nearly 100 skilled manufacturing jobs. The specific location will be announced later this year.
This expansion follows previous investments in process improvements and automation across the network, including the addition of laminate capabilities at the Medina, Ohio facility, expected online mid-year. These combined previous investments will provide capacity comparable to the new southeastern plant's volume.
Owens Corning (NYSE: OC) has announced it will release its fourth-quarter and full-year 2024 financial results on Monday, February 24, 2025, before the NYSE opens. The company will host an earnings conference call at 9 a.m. ET on the same day.
Investors can access the webcast through the provided link, and a replay will be available for one year. For those joining by phone, participants should dial in 10-15 minutes early using entry code 307871. A telephone replay will be accessible until March 3, 2025, using conference replay entry code 682923.
Owens Corning (NYSE: OC) has announced a quarterly cash dividend of $0.69 per common share. The dividend will be distributed on April 10, 2025, to shareholders recorded as of March 10, 2025. The company's Board of Directors will determine future dividend declarations based on various factors including earnings, financial condition, cash requirements, and future prospects.
Owens Corning (NYSE:OC) has secured its position on the Dow Jones Sustainability World Index (DJSI World) for the 15th consecutive year and the DJSI North America Index for the seventh straight year. The company achieved an impressive score of 83 out of 100 in the 2024 S&P Global Corporate Sustainability Assessment, leading the building products industry.
The company's sustainability achievements in 2024 include ranking in the top 10 of 3BL's 100 Best Corporate Citizens list for the seventh consecutive year. Additionally, Owens Corning placed 41st overall and 10th in social responsibility on the Wall Street Journal's Top 250 Best-Managed Companies list. The company recently published its 18th annual Sustainability Report, highlighting its commitment to building a sustainable future through material innovation.
Owens Corning (NYSE: OC) has maintained its position on the Dow Jones Sustainability World Index (DJSI World) for the 15th consecutive year and the DJSI North America Index for the seventh consecutive year. The company achieved an impressive score of 83 out of 100 in the 2024 S&P Global Corporate Sustainability Assessment, leading the building products industry.
The company's sustainability achievements include ranking in the top 10 of 3BL's 100 Best Corporate Citizens list for the seventh consecutive year, and placing 41st overall and 10th in social responsibility on the Wall Street Journal's Top 250 Best-Managed Companies list. Chief Sustainability Officer David Rabuano emphasized the company's commitment to building a sustainable future through material innovation.
Owens Corning (NYSE: OC) has achieved notable recognition on the Wall Street Journal's List of Best-Managed Companies of 2024, securing the 41st position overall and ranking second in the real estate and construction category. The company has maintained its presence on this prestigious list since its inception in 2017.
The evaluation criteria encompassed various aspects of corporate effectiveness, including customer satisfaction, employee engagement, innovation, social responsibility, and financial strength. Notably, Owens Corning achieved exceptional rankings in specific categories, placing fourth in customer satisfaction and tenth in social responsibility. The company's consistent performance and commitment to its purpose were highlighted by Chair and CEO Brian Chambers, who emphasized their strong commercial and operational achievements.
Owens Corning highlights employee Kristopher Charles, a Navy veteran and Product Owner Lead based in Toledo, Ohio. Charles is an active member of the company's Salute Affinity Group, which focuses on supporting current and former military members within the organization. The press release offers a glimpse into Charles' daily life, balancing his professional role while spending time with family through activities like bike riding and playing video games.
Owens Corning (NYSE: OC) has announced a 15% increase in its quarterly cash dividend, raising it to $0.69 per common share. The dividend will be paid on January 17, 2025, to shareholders of record as of January 6, 2025. The company noted that future dividend declarations will depend on various factors including earnings, financial condition, cash requirements, and future prospects, subject to Board of Directors' discretion.
Owens Corning (NYSE: OC) has announced the election of Michelle Collins to its Board of Directors. Collins, former Vice Chair, Senior Audit Partner, and National Automotive Sector Leader for Deloitte & Touche LLP, will serve on the Audit and Finance Committees. The company also announced that W. Howard Morris will not seek re-election at the next Annual Meeting of Stockholders after serving 17 years on the board.
Collins brings over four decades of financial expertise, having joined Deloitte & Touche in 1984 and served as an audit partner from 1996 until her recent retirement. The Board size will temporarily increase to 11 directors with Collins' election and will return to 10 directors following the 2025 Annual Meeting of Stockholders.