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 (OC) delivers innovative building solutions through its insulation, roofing, and composites expertise. This dedicated news hub provides investors and industry professionals with essential updates on corporate developments shaping the construction materials sector.
Access curated press releases and analysis covering quarterly earnings, product innovations, and strategic partnerships. Our repository simplifies tracking OC's market position through verified updates on sustainability initiatives and manufacturing advancements.
Key content includes regulatory filings, leadership changes, and technological breakthroughs in fiberglass composites. Stay informed about operational expansions and material science developments that drive energy-efficient construction solutions.
Bookmark this page for streamlined access to Owens Corning's evolving story. Check regularly for objective reporting on developments impacting the building materials landscape.
Owens Corning (NYSE: OC) has released its 19th annual Sustainability Report for 2024, titled 'Building Better Together,' highlighting significant progress toward its 2030 sustainability goals. The company achieved notable milestones in several key areas:
- Recorded a 0.62 recordable incident rate, 78% below industry average, with 58% of global sites operating injury-free
- Generated 51% of revenue from energy-efficient products
- Reduced total waste by 64,676 metric tons compared to 2023, with an 11% year-over-year reduction in landfill waste
- Achieved a 43% reduction in Scope 1 and 2 emissions from 2018 baseline, including 11% reduction in 2024
The report adheres to Global Reporting Initiative Standards and addresses various sustainability frameworks including CDP, S&P Global CSA, DJSI, UN SDGs, and TCFD requirements.
Owens Corning (NYSE: OC) has scheduled the announcement of its first-quarter financial results for Wednesday, May 7, 2025, before the New York Stock Exchange opens. The company will host an earnings conference call at 9 a.m. ET the same day.
Investors can access the webcast through the provided link, which will remain available for replay for one year. For those joining by phone, participants are advised to dial in 10-15 minutes before the start using entry code 993845. A telephone replay will be accessible until May 14, 2025, using conference replay code 840489.
Owens Corning (NYSE: OC) has promoted Gina Beredo to the newly created position of Executive Vice President, Chief Administrative Officer & General Counsel. In her expanded role, Beredo will oversee human resources while maintaining her current responsibilities in legal, corporate affairs, aviation, and community affairs.
Since joining as General Counsel in June 2021, Beredo has played a important role in advancing the company's business strategy, successfully managing the acquisition and integration of Masonite International and executing the divestiture of the company's glass reinforcements business. She has also improved the performance of legal and corporate affairs functions.
The company also announced that Paula Russell, Executive Vice President and Chief Human Resources Officer, will be departing in mid-April after a 25-year career with the company to pursue personal growth opportunities.
Owens Corning (NYSE: OC) reported strong financial results for 2024, with net sales reaching $11.0 billion, a 13% increase from the previous year. The newly acquired Doors business contributed $1.4 billion to revenue. The company achieved a net earnings margin of 6%, adjusted EBIT margin of 19%, and adjusted EBITDA margin of 25%.
Key financial highlights include diluted EPS of $7.37, adjusted diluted EPS of $15.91, operating cash flow of $1.9 billion, and free cash flow of $1.2 billion. The company returned $638 million to shareholders through dividends ($208 million) and share repurchases ($430 million).
Strategic initiatives in 2024 included the acquisition of Masonite International , a planned sale of its glass reinforcements business, and an agreement to sell operations in China and Korea. The company also announced plans for a new laminate shingle facility in the southeastern United States, expected to be operational by 2027.
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.
