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.
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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 (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 (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 (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 (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 (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 (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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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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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
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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.
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Owens Corning
NYSE:OC
OC Rankings
OC Stock Data
11.79B
84.70M
0.93%
96.31%
1.18%
Building Products & Equipment
Abrasive, Asbestos & Misc Nonmetallic Mineral Prods
United States
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