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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.

Rhea-AI Summary
Owens Corning, a company specializing in composites, insulation, and roofing products, has committed to reducing greenhouse gas emissions. By 2030, the company aims to halve direct emissions from manufacturing operations and emissions from purchased electricity. They also plan to cut value chain emissions by 30%. Owens Corning has already achieved a 22% reduction in emissions since 2018. The company is investing in renewable energy sources and exploring solutions like hydrogen and biogas for glass melting processes. They are also working on reducing emissions in insulation manufacturing and implementing energy efficiency projects.
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Owens Corning promotes David Rabuano to Senior Vice President and Chief Sustainability Officer (CSO) as part of their sustainability journey. Rabuano aims to integrate sustainability into all aspects of the business.
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Owens Corning expands facility in Sweden and constructs a new habitat to protect biodiversity. Veronica Sjödin, an environmental specialist, discusses the company's commitment to sustainability and the importance of biodiversity. She also highlights the potential for educational excursions to the habitat.
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Owens Corning (NYSE: OC) reported Q2 2023 results with Net Sales of $2.6 Billion, Expanded Adjusted EBIT Margins to 21%, and Adjusted Diluted EPS of $4.22. The company also returned $160 Million to Shareholders through Dividends and Share Repurchases. The safety performance resulted in a recordable incident rate (RIR) of 0.59, and Owens Corning continues to invest in new product and process innovation.
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FAQ

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

The current stock price of Owens Corning (OC) is $169.41 as of December 20, 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.

Owens Corning

NYSE:OC

OC Rankings

OC Stock Data

14.63B
84.98M
0.93%
97.19%
1.81%
Building Products & Equipment
Abrasive, Asbestos & Misc Nonmetallic Mineral Prods
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United States of America
TOLEDO