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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 Commences Tender Offer and Masonite Commences Consent Solicitation

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Owens Corning and Masonite International have announced a Tender Offer and Consent Solicitation in connection with Owens Corning's anticipated acquisition of Masonite. The offer involves the purchase of outstanding 5.375% Senior Notes due 2028 issued by Masonite. The Total Consideration for the notes is $1,003.75 per $1,000 Principal Amount, with an Early Participation Payment of $30.00. The Tender Offer and Consent Solicitation are subject to specific conditions and deadlines, with Holders eligible to receive the Total Consideration if they tender their notes by certain dates.
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Owens Corning to Announce First-Quarter Financial Results on April 24

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Owens Corning (NYSE: OC) will report its first-quarter financial results on April 24, 2024, followed by a call to discuss the results. The webcast replay will be accessible for a year. Callers can join the conference call using specific entry codes for different regions.
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Owens Corning Publishes 2023 Sustainability Report

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Owens Corning (OC) releases its 2023 Sustainability Report, highlighting significant progress towards 2030 sustainability goals. The report showcases financial success, product innovation, greenhouse gas emission reductions, circular economy initiatives, waste reduction efforts, employee safety improvements, and inclusion and diversity advancements.
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Masonite International Corporation Reports 2023 Fourth Quarter and Full Year Financial Results

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Masonite International Corporation (NYSE: DOOR) reported full year 2023 net sales of $2.8 billion and net income of $118 million. They achieved full year adjusted EBITDA of $419 million and a record high $408 million operating cash flow. Masonite enhanced its product portfolio through acquisitions of Endura Products and Fleetwood during 2023. Subsequently, they announced a definitive agreement with Owens Corning (NYSE: OC) for acquisition at $133.00 per share in cash.
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Owens Corning Delivers Full-Year Net Sales of $9.7 Billion; Generates Earnings of $1.2 Billion and Adjusted EBIT of $1.8 Billion

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Owens Corning (OC) reported fourth-quarter and full-year 2023 results with net sales of $9.7 billion, adjusted EBIT margins of 19%, and adjusted EBITDA margins of 24%. The company delivered diluted EPS of $13.14 and adjusted diluted EPS of $14.42. Owens Corning announced strategic moves to acquire Masonite International Corporation and review strategic alternatives for its global glass reinforcements business. The company returned $812 million to shareholders in 2023 through dividends and share repurchases.
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Owens Corning Announces $3.9 Billion Acquisition of Masonite to Strengthen Position in Building and Construction Materials

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Owens Corning (OC) acquires Masonite International Corporation for $3.9 billion, expanding its residential product offerings and creating a new growth platform. The deal is expected to enhance Owens Corning's financial profile, generate synergies, and drive shareholder value. Masonite's market-leading doors business complements Owens Corning's existing portfolio, positioning the company for long-term growth and innovation.
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Owens Corning Initiates Review of Strategic Alternatives for Glass Reinforcements Business as part of Transformative Move to Strengthen Position in Building and Construction Materials

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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.
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Owens Corning Declares First-Quarter 2024 Dividend

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

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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.
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Is the Future of Farming Soilless?

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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.
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FAQ

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

The current stock price of Owens Corning (OC) is $170.91 as of December 23, 2024.

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

The market cap of Owens Corning (OC) is approximately 14.6B.

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.

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Owens Corning

NYSE:OC

OC Rankings

#668 Ranked by Market Cap
#1545 Ranked by Dividends

OC Stock Data

14.55B
84.98M
0.93%
97.19%
1.81%
Building Products & Equipment
Abrasive, Asbestos & Misc Nonmetallic Mineral Prods
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