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 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.
Owens Corning (NYSE: OC) reported strong Q3 2024 results with net sales of $3.0 billion, up 23% year-over-year, largely driven by the newly acquired Doors business contributing $573 million. The company achieved net earnings of $321 million with an 11% margin, and adjusted EBIT of $582 million with a 19% margin. Diluted EPS was $3.65, while adjusted diluted EPS reached $4.38. The company generated operating cash flow of $699 million and returned $252 million to shareholders through dividends and share repurchases. Notable developments include plans for a new fiberglass insulation line in Kansas and an agreement to sell its building materials business in China and Korea.
Owens Corning (NYSE: OC) has announced its 2025 Shingle Color of the Year: "Merlot". This sophisticated red shingle color combines warm gray, oaky brown, and spiced sienna with deep crimson and earthy purple undertones. It's designed to enhance a home's exterior, adding depth, richness, and curb appeal.
The versatile "Merlot" can complement various exterior colors and finishes on both vintage and contemporary homes. It's part of the TruDefinition® Duration® Designer shingle line, offering premium protection and performance against weather conditions. The shingles feature patented SureNail® Technology for wind uplift protection.
Owens Corning provides design resources and style boards to help homeowners visualize how "Merlot" can enhance their home's exterior. This initiative builds on the company's legacy of color leadership, with "Merlot" being the ninth Shingle Color of the Year and the first "red" in the portfolio.
Owens Corning (NYSE:OC) has been recognized as one of the 100 Best Corporate Citizens of 2024 by 3BL, ranking fourth overall among the largest public companies in the U.S. This marks the seventh consecutive year Owens Corning has ranked in the top 10 overall and the fifth year in a row leading the capital goods industry.
The ranking evaluates Russell 1,000 companies based on 223 ESG factors across seven pillars: climate change, employee relations, environment, governance, human rights, stakeholders and society, and overall performance. The assessment relies solely on publicly available data published between August 2023 and August 2024.
David Rabuano, senior vice president and chief sustainability officer of Owens Corning, emphasized the company's commitment to sustainability and its 25,000 employees' dedication to making the world a better place.
Owens Corning (NYSE: OC) has been named one of the 100 Best Corporate Citizens of 2024 by 3BL, ranking fourth overall among the largest public companies in the U.S. This marks the seventh consecutive year Owens Corning has placed in the top 10 and the fifth year in a row leading the capital goods industry. The ranking evaluates Russell 1,000 companies based on 223 ESG factors across seven pillars, including climate change, employee relations, environment, governance, human rights, stakeholders and society, and overall performance.
David Rabuano, senior vice president and chief sustainability officer, emphasized the company's commitment to sustainability and its 25,000 employees' dedication to making the world a better place. The ranking relies solely on publicly available data, with no fee for consideration or data verification.
Owens Corning (NYSE: OC) has announced that it will release its third-quarter financial results on Wednesday, November 6, 2024, before the New York Stock Exchange opens. The company will host a conference call at 9 a.m. ET on the same day to discuss the results.
Investors and analysts can access the webcast of the call at https://events.q4inc.com/attendee/255275100. A replay of the webcast will be available for one year using the same link. For those joining by phone, the entry code is 676145. U.S. callers should dial 1.833.470.1428, Canadian callers 1.833.950.0062, and other international callers +1.404.975.4839.
A telephone replay will be available for one week after the call, until November 13, 2024, using the conference replay entry code 157874.