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) will announce its second-quarter financial results on Tuesday, August 6, 2024, before the New York Stock Exchange opens. The company will hold a conference call to discuss the results at 9 a.m. Eastern Time the same day. Interested parties can access the webcast at https://events.q4inc.com/attendee/391039233, where a replay will be available for one year. Callers should dial in 10-15 minutes prior to the call using entry code 688625. A replay of the call will be available starting one hour post-conference through August 13, 2024, using replay entry code 158425.
Owens Corning's latest sustainability report features Petra Inghelbrecht, their Senior Sustainability Leader, with over 25 years of experience in environmental management and circular economy strategies. Inghelbrecht emphasizes the importance of rethinking waste as a raw material to foster growth and resource independence. She highlights Owens Corning's technology-driven and market-focused approach, stressing the importance of collaboration across the value chain. The company is committed to implementing circular business models, where waste is recycled into product content, benefiting both Owens Corning and its customers. This integrated strategy aims to decarbonize, reduce environmental impacts, and create positive market effects.
Owens Corning (NYSE: OC) has announced a quarterly cash dividend of $0.60 per common share for the second quarter of 2024. This dividend will be payable on August 2, 2024, to shareholders who are recorded by July 15, 2024. The Board of Directors will consider future dividend declarations based on the company's earnings, financial status, cash needs, and future prospects.
On June 17, 2024, Owens Corning announced their efforts to minimize their environmental footprint in India, highlighting initiatives led by Dhananjay Tapasvi, General Manager - India. Over six years, Tapasvi has emphasized the importance of reducing the company's environmental impact across its value chain. The company is exploring solar energy to cut energy costs and optimizing transportation to minimize its carbon footprint. Owens Corning is also focusing on sourcing local raw materials to reduce transportation emissions and is committed to community sustainability programs. By integrating these efforts, the company aims to foster a more sustainable and efficient operational model in India.
Alix Sim, the EHS Leader at Owens Corning's Kearny plant, highlights the plant's sustainability efforts in a recent Q&A. The plant has undertaken significant initiatives to manage air emissions, including the voluntary installation of a regenerative thermal oxidizer ahead of regulatory requirements. These efforts are part of Owens Corning's broader goal to align local actions with global sustainability priorities. In 2023, the Kearny site held its first environmental community engagement exercise, receiving positive feedback from local organizations. Sim emphasizes the importance of teamwork and effective communication in navigating complex air emissions regulations and achieving sustainable outcomes.
Clarise Ashworth, an environmental lawyer at Owens Corning since 2021, discusses her role in overseeing product stewardship and compliance efforts in the company's 2023 Sustainability Report. She emphasizes the importance of human rights in their operations, aligning with Owens Corning's 2030 sustainability goals. The Compliance team ensures adherence to human rights policies and the Business Code of Conduct. Collaboration with Human Resources, Sourcing, and business partners is important to uphold dignity and respect for everyone involved. Ashworth highlights the company's core value of improving lives and the unique collective conscience that sets Owens Corning apart.
Owens Corning's 2023 Sustainability Report spotlights Gisela Martinez, a Senior Administrative Associate known for her extensive volunteer work. Since joining the company as an intern in 2017, Gisela has led numerous community engagement initiatives, particularly in response to crises like the Mexico City earthquake. Her efforts have not only provided immediate relief but have also fostered long-term community support.
The report highlights the 'Volunteer of the Year' award given to Gisela in 2023, recognizing her contributions to vulnerable children and disaster victims. Owning to her leadership, Owens Corning has seen increased employee participation in volunteer activities, especially through diverse programs that cater to different interests.
Gisela emphasizes the integration of community engagement with sustainability, asserting that true sustainability involves benefiting local communities. Owens Corning's initiatives include donating insulation materials and organizing various volunteer activities, which have been instrumental in enhancing employee involvement and fulfillment.
Owens Corning (NYSE: OC) has announced an early settlement date of May 22, 2024, for its exchange offer and consent solicitation with Masonite International This decision aligns with the terms set forth in the offering memorandum and consent solicitation statement dated May 1, 2024. The company will accept validly tendered Masonite Notes by the early participation deadline of May 14, 2024. Holders can still tender their notes until May 30, 2024. Morgan Stanley & Co. and Wells Fargo Securities, are managing the process. Eligible Holders must be qualified institutional buyers or non-U.S. qualified offerees.
In a recent press release dated May 16, 2024, Owens Corning highlighted its commitment to sustainability through an Employee Q&A with Senior Scientist Ozma Lane. The focus was on the company's efforts to meet its 2030 sustainability goals, particularly in the realm of asphalt production. Lane emphasized the importance of collaboration within the company, which aids in quicker innovation and application of new ideas. She also noted her personal journey and satisfaction in working towards reducing greenhouse gas emissions, reflecting Owens Corning's cooperative culture and dedication to environmental responsibility.
Owens Corning has completed the acquisition of Masonite International for $3.9 billion, or $133.00 per share. This acquisition is expected to bolster Owens Corning's position in the building and construction materials sector by adding a line of interior and exterior doors and door systems. The integration promises to leverage Owens Corning's operational and innovation capabilities, generating approximately $125 million in cost synergies. The company's annual revenue is projected to rise to $12.5 billion with an adjusted EBITDA of $2.9 billion. Chris Ball has been appointed President of the newly formed Doors business. Masonite's shares will be delisted from the NYSE.
