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) has declared a quarterly cash dividend of $0.26 per common share, payable on August 6, 2021, to shareholders of record as of July 16, 2021. Future dividend declarations will depend on the company's earnings, financial condition, cash requirements, and other factors. With 2020 sales of $7.1 billion, Owens Corning is a leader in building and industrial materials, focused on sustainability and innovation.
Owens Corning (NYSE: OC) has been recognized as the top corporate citizen for 2021 by 3BL Media, achieving this honor for the third consecutive year. This recognition underscores the company's commitment to environmental, social, and governance (ESG) transparency and performance. Owens Corning excelled in three categories: climate change, human rights, and ESG performance, ranking in the top five in most categories assessed. The ranking is based on 146 factors across eight categories and reflects the efforts of its 19,000 employees to positively impact customers and the world.
Owens Corning (NYSE: OC) reported a 20% increase in consolidated net sales, reaching $1.9 billion for the first quarter of 2021. The company achieved net earnings of $210 million or $1.98 per diluted share, a turnaround from a $917 million loss in Q1 2020. Adjusted earnings rose to $183 million, compared to $67 million a year earlier. The firm returned $197 million to shareholders. It maintains a strong balance sheet with $1.7 billion in available liquidity and emphasizes robust housing market conditions as a positive economic indicator.
Owens Corning (NYSE: OC) announced the appointment of Gina Beredo as Executive Vice President, General Counsel, and Corporate Secretary, effective June 9, 2021. Beredo brings over 20 years of experience, having previously served at Nordson Corporation. Her expertise includes global mergers, corporate governance, and compliance. CEO Brian Chambers highlighted her talent as a valuable addition to the executive team. Owens Corning, based in Toledo, Ohio, reported 2020 sales of $7.1 billion and has been a Fortune 500 company for 66 years.
Owens Corning (NYSE: OC) will announce its first-quarter 2021 financial results on April 28, 2021, before the NYSE opens. A conference call is scheduled for 9 a.m. ET that day to discuss the results. The company, a leader in building and industrial materials, reported 2020 sales of $7.1 billion and has been a Fortune 500 company for 66 consecutive years. Owens Corning employs 19,000 people across 33 countries, focusing on innovative products that enhance energy efficiency and sustainability.
Owens Corning (NYSE: OC) has appointed José Méndez-Andino as executive vice president and chief research & development officer, effective April 1. In this newly created role, he will drive product, process, and material science innovation to boost company growth, overseeing strategy across three major business areas and leading enterprise R&D capabilities. Méndez-Andino, who joined the company in 2012, previously held the position of vice president of science and technology. He brings extensive experience from Procter & Gamble and has advanced degrees in chemistry and anthropology.
Owens Corning (NYSE: OC) reported consolidated net sales of $7.1 billion for 2020, a 1% decline from 2019. The fourth quarter saw a significant increase in net sales to $1.9 billion, up 14% year-over-year. The company faced a net loss of $383 million for the year, including a $987 million impairment charge due to COVID-19 uncertainties. However, adjusted earnings rose to $566 million, reflecting operational strength. The Board approved a share repurchase of up to 10 million shares and declared an 8% dividend increase for Q2 2021, indicating strong liquidity with $1.8 billion available.
Owens Corning (NYSE: OC) has announced the election of Paul E. Martin to its Board of Directors. Martin, who previously served as Senior Vice President and Chief Information Officer at Baxter International until 2020, brings extensive global business and technology experience. His prior roles include senior management positions at Rexam plc and technology leadership at CIT Group and others. He is currently on the Board of Unisys Corporation and recently joined Ping Identity Holding Corp. Martin will also serve on Owens Corning's Audit and Finance committees, effective immediately.
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