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 global leader in the development, manufacturing, and marketing of insulation, roofing, and fiberglass composites. Headquartered in Toledo, Ohio, the company has been a staple in the Fortune 500® list for 61 consecutive years and employs approximately 15,000 people across 26 countries.
Owens Corning operates in three main segments: Composites, Insulation, and Roofing. The Composites segment produces glass fiber used in thousands of products, enhancing their strength, durability, and weight reduction. The Insulation segment focuses on energy-saving solutions for both commercial and residential buildings, improving overall comfort and efficiency. The Roofing segment, the largest revenue generator, includes laminate and strip asphalt roofing shingles, roofing components, synthetic packaging materials, and oxidized asphalt.
Recent achievements include continued innovation in sustainable building materials and systems that not only save energy but also enhance the comfort of living spaces. Owens Corning maintains a robust financial position, evidenced by its 2014 sales of $5.3 billion. The company is also known for its commitment to sustainability and inclusion, making significant contributions to environmental and social governance (ESG) initiatives.
Through partnerships and collaborations, Owens Corning remains at the forefront of building science, continuously developing products that make structures lighter, stronger, and more durable. The company's ongoing projects focus on expanding its market presence and improving product offerings to meet evolving consumer and industry demands.
For more information, visit www.owenscorning.com.
Owens Corning (NYSE: OC) is set to release its first-quarter financial results on April 27, 2022, prior to the NYSE opening. A conference call is scheduled for 9 a.m. ET to discuss these results. Investors can access the call through a webcast, which will also be available for replay for a year. Owens Corning, a leader in building and construction materials, reported $8.5 billion in sales for 2021, focusing on sustainable, energy-efficient solutions through its integrated businesses.
Owens Corning (NYSE: OC) reported a significant 20% increase in net sales for 2021, reaching $8.5 billion, with net earnings of $1.0 billion, yielding a diluted EPS of $9.54. The company enhanced Adjusted EBITDA margins to 22% and returned 62% of free cash flow to shareholders. Q4 results showed an 11% sales growth year-over-year, driven by favorable selling prices. The board approved a 10 million share repurchase plan, reflecting strong cash generation and a commitment to shareholder return.
Owens Corning (NYSE: OC) has declared a quarterly cash dividend of $0.35 per common share, payable on April 7, 2022. Shareholders of record as of March 4, 2022 will receive this dividend. Future dividends will be determined by the Board of Directors based on the company’s earnings, financial condition, and other relevant factors. Owens Corning, a leader in building materials, reported $7.1 billion in sales for 2020 and operates globally with approximately 19,000 employees.
Owens Corning (NYSE: OC) will showcase roofing solutions at the 2022 International Roofing Expo in New Orleans from February 1-3. Their booth will present innovative products, including high-performance shingles with advanced features for wind resistance and storm protection. The company emphasizes the importance of safety and installation ease with synthetic underlayments and educational resources through Owens Corning University. Additionally, OC has received the Women’s Choice Award for five consecutive years, highlighting its appeal to female consumers.
Owens Corning (NYSE: OC) will announce its fourth-quarter and full-year 2021 financial results on February 16, 2022, before the NYSE opens. A conference call will follow at 9 a.m. ET to discuss these results. Interested parties can access a webcast replay for one year using the provided link. The company emphasizes its commitment to sustainability and innovation in building materials, and has a strong global presence with 19,000 employees worldwide. In 2020, Owens Corning recorded sales of $7.1 billion.
Owens Corning (NYSE: OC) has declared a quarterly cash dividend of $0.35 per common share, representing a 35% increase from the previous quarter. This dividend will be payable on January 21, 2022, to shareholders of record as of January 7, 2022. The company highlighted its strong cash flow performance, reinforcing confidence in its earnings capability. Future dividends will be determined by the Board based on earnings and financial conditions.
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