STOCK TITAN
  1. Home
  2. News
  3. OC

Owens Corning - OC STOCK NEWS

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.

News

Owens Corning Initiates Review of Strategic Alternatives for Glass Reinforcements Business as part of Transformative Move to Strengthen Position in Building and Construction Materials

Rhea-AI Summary
Owens Corning (OC) announces a strategic review of its global glass reinforcements business, aiming to focus on building and construction materials. The GR business generates $1.3 billion in annual revenues across 11 countries and 18 manufacturing facilities, supplying glass fiber products for various markets. The company aims to explore options such as sale, spinoff, or other strategic alternatives with the assistance of Morgan Stanley. No specific timeline has been set for the review.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.07%
Tags
none
-
News

Owens Corning Declares First-Quarter 2024 Dividend

Rhea-AI Summary
Owens Corning (OC) declares a quarterly cash dividend of $0.60 per common share, payable on April 4, 2024. Future dividends will be based on earnings, financial condition, and other factors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.17%
Tags
dividends
-
News

Owens Corning to Announce Fourth-Quarter and Full-Year 2023 Financial Results on February 14

Rhea-AI Summary
Owens Corning (OC) is set to release its Q4 and full-year 2023 financial results on February 14, 2024, followed by a financial results discussion call. The webcast replay will be available for a year, and a telephone replay will be accessible for one week after the call. The call-in details for both live and replay sessions are provided in the press release.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.22%
Tags
earnings
News

Is the Future of Farming Soilless?

Rhea-AI Summary
The global population is predicted to reach 9.7 billion by 2050, posing a challenge to food production. The solution lies in controlled environment agriculture (CEA) and hydroponics, which offer unique opportunities around local food, safe food, and supply chain resilience. Owens Corning's Vidawool, a mineral wool growing medium, is a water management solution in hydroponics that uses recycled slag. While indoor farming faces energy and waste disposal challenges, it is projected to be worth more than $32 billion by 2028.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.84%
Tags
none
-
News

ZEBRA Consortium Unveils Second Recyclable Wind Turbine Blade, Advances Sustainability in Wind Energy

Rhea-AI Summary
LM Wind Power (LMWP) successfully completes full scale validation testing of second recyclable thermoplastic blade, a major milestone for the ZEBRA project and the wind industry's commitment to circular economy
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.32%
Tags
none
-
News

Owens Corning Earns Place on Dow Jones Sustainability World Index for 14th Consecutive Year

Rhea-AI Summary
Owens Corning (NYSE: OC) has been included in the Dow Jones Sustainability World Index (DJSI World) for the 14th consecutive year and on the DJSI North America Index for the sixth consecutive year, with industry-leading assessment scores. The company scored 85 out of 100 in the 2023 S&P Global Corporate Sustainability Assessment, achieving the highest score in the building products industry. Owens Corning has also earned other distinctions for its corporate sustainability leadership, including ranking in the top 10 for the sixth year in a row on 3BL Media’s 100 Best Corporate Citizens list and being selected as one of the 2023 World’s Most Ethical Companies by Ethisphere.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.51%
Tags
none
News

Owens Corning Announces 15% Dividend Increase

Rhea-AI Summary
Owens Corning (NYSE: OC) declares a 15% increase in fourth-quarter cash dividend to $0.60 per common share, payable on January 19, 2024, to shareholders of record as of January 8, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.67%
Tags
dividends
-
News

Owens Corning’s Philanthropic Roof Deployment Project Crosses Milestone of Providing 500 Free Roofs to U.S. Veterans

Rhea-AI Summary
Owens Corning celebrates the milestone of providing 500 free high-quality roofs to U.S. military veterans and their families through the Roof Deployment Project, with a total estimated value of over $5 million. The company's Platinum Preferred Contractors donate labor to install the roofs, demonstrating a commitment to supporting veterans and their families.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.13%
Tags
none
-
News

Speaking of Sustainability: Asha Burry, Human Resources Leader

Rhea-AI Summary
Owens Corning's national HR leader, Asha Burry, discusses the company's unique approach to community engagement and sustainability in their 2022 Sustainability Report. She highlights the Jill of All Trades program, which provides young women with opportunities to explore trades and break stereotypes. Owens Corning's involvement in the program aligns with their sustainability goals and promotes inclusivity. Burry emphasizes the impact of giving back and empowering individuals to make impactful life decisions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.34%
Tags
none
News

Owens Corning Delivers Net Sales of $2.5 Billion; Generates Net Earnings of $337 Million and Adjusted EBIT of $518 Million

Rhea-AI Summary
Owens Corning reports Q3 2023 results, with net sales of $2.5 billion, adjusted EBIT margins of 21%, and adjusted EBITDA margins of 26%. Diluted EPS was $3.71 and adjusted diluted EPS was $4.15. The company generated operating cash flow of $691 million and free cash flow of $581 million. Owens Corning returned $187 million to shareholders through dividends and share repurchases.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.34%
Tags
earnings

FAQ

What is the current stock price of Owens Corning (OC)?

The current stock price of Owens Corning (OC) is $202.77 as of November 22, 2024.

What is the market cap of Owens Corning (OC)?

The market cap of Owens Corning (OC) is approximately 17.2B.

What does Owens Corning do?

Owens Corning develops, manufactures, and markets insulation, roofing, and fiberglass composites globally.

What are the main segments of Owens Corning?

The main segments are Composites, Insulation, and Roofing.

Where is Owens Corning headquartered?

Owens Corning is headquartered in Toledo, Ohio.

How many employees does Owens Corning have?

Owens Corning employs about 15,000 people across 26 countries.

What was Owens Corning's sales figure in 2014?

In 2014, Owens Corning posted sales of $5.3 billion.

How long has Owens Corning been a Fortune 500® company?

Owens Corning has been a Fortune 500® company for 61 consecutive years.

Which segment generates the most revenue for Owens Corning?

The Roofing segment generates the most revenue.

What are the key products in the Roofing segment?

The Roofing segment includes laminate and strip asphalt roofing shingles, roofing components, synthetic packaging materials, and oxidized asphalt.

Is Owens Corning involved in sustainability initiatives?

Yes, Owens Corning is committed to sustainability and inclusion, actively contributing to environmental and social governance initiatives.

Where can I find more information about Owens Corning?

More information can be found on their website at www.owenscorning.com.

Stock OC logo
Owens Corning

NYSE:OC

OC Rankings

#618 Ranked by Market Cap
#1703 Ranked by Dividends

OC Stock Data

17.21B
84.95M
0.93%
97.19%
1.83%
Building Products & Equipment
Abrasive, Asbestos & Misc Nonmetallic Mineral Prods
Link
United States of America
TOLEDO