Owens Corning manufactures and markets a range of insulation, roofing, and fiberglass composite materials in the United States, Canada, Europe, the Asia Pacific, and internationally. It operates in three segments: Composites, Insulation, and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber; and manufactures and sells glass fiber products in the form of fabrics, non-wovens, and other specialized products. Its products are used in pipe, roofing shingles, sporting goods, consumer electronics, telecommunications cables, boats, aviation, automotive, industrial containers, and wind-energy applications in the building and construction, transportation, consumer, industrial, and power and energy markets. The Insulation segment manufactures and sells fiberglass insulation for residential, commercial, industrial, and other markets for thermal and acoustical applications; and manufactures and sells glass fiber pipe insulation, flexible duct media, bonded and granulated mineral fiber insulation, cellular glass insulation, and foam insulation used in construction applications. This segment sells its products primarily to the insulation installers, home centers, lumberyards, retailers, and distributors under the Thermafiber, FOAMULAR, FOAMGLAS, Paroc, Owens Corning PINK, and FIBERGLAS Insulation brand names. The Roofing segment manufactures and sells residential roofing shingles, oxidized asphalt materials, and roofing components used in residential and commercial construction, and specialty applications, as well as synthetic packaging materials. This segment sells its products through distributors, home centers, lumberyards, retailers, and contractors, as well as to roofing contractors for built-up roofing asphalt systems; and manufacturers in automotive, chemical, rubber, and construction industries. Owens Corning was incorporated in 1938 and is headquartered in Toledo, Ohio.
IPO Year:
Exchange: NYSE
Website: owenscorning.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/11/2024 | $178.00 → $191.00 | Neutral → Buy | Citigroup |
| 6/17/2024 | $187.00 | Neutral | Goldman |
| 5/22/2024 | $215.00 | Buy | Jefferies |
| 5/21/2024 | $192.00 → $201.00 | Outperform | RBC Capital Mkts |
| 2/15/2024 | $163.00 → $154.00 | Outperform → In-line | Evercore ISI |
| 2/12/2024 | $170.00 → $160.00 | Overweight → Equal Weight | Barclays |
| 12/14/2023 | $116.00 → $161.00 | Neutral | JP Morgan |
| 12/8/2023 | $130.00 → $180.00 | Hold → Buy | Deutsche Bank |
| 10/17/2023 | $143.00 | Equal Weight | Wells Fargo |
| 9/7/2023 | $113.00 → $150.00 | Sell → Neutral | Goldman |
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Owens Corning (NYSE:OC), a residential and commercial building products leader, today reported third-quarter 2024 results. Reported Net Sales of $3.0 Billion, a 23% Increase from Prior Year, with Newly Acquired Doors Business Contributing $573 Million in Revenue Generated Net Earnings Margin of 11%, Adjusted EBIT Margin of 19%, and Adjusted EBITDA Margin of 25% Delivered Diluted EPS of $3.65 and Adjusted Diluted EPS of $4.38 Produced Operating Cash Flow of $699 Million and Free Cash Flow of $558 Million Returned $252 Million to Shareholders through Dividends and Share Repurchases "Our third-quarter results demonstrate the impact of the strategic choices and structural improvemen
Owens Corning (NYSE:OC) is scheduled to announce its third-quarter financial results on Wednesday, November 6, 2024, before the New York Stock Exchange opens. The company will host a call to discuss its financial results at 9 a.m. ET the same day. Webcast https://events.q4inc.com/attendee/255275100 A webcast replay will be available for one year using the same link. Callers Please dial in 10-15 minutes before the conference call is scheduled to begin and use the entry code 676145. U.S.: 1.833.470.1428 Canada: 1.833.950.0062 Other international locations: +1.404.975.4839 Telephone replay Telephone replay will be available one hour after the end of the call through Wednesday, N
Owens Corning (NYSE:OC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.60 per common share. The dividend will be payable on November 4, 2024, to shareholders of record as of October 18, 2024. Future dividend declarations will be made at the discretion of the Board of Directors and will be based on the company's earnings, financial condition, cash requirements, future prospects and other factors. About Owens Corning Owens Corning is a global residential and commercial building products leader committed to building a sustainable future through material innovation. Our four integrated businesses – Roofing, Insulation, Doors, and Composites – provide
Owens Corning (NYSE:OC), a global residential and commercial building products leader, today reported second-quarter 2024 results. These results include performance of the company's newly added Doors segment, which was established following the May 15 acquisition of Masonite International Corporation, a leading provider of doors and door systems. Reported Net Sales of $2.8 Billion, a 9% Increase from Prior Year, with Newly Acquired Doors Business Contributing $311 Million in Revenue Generated Net Earnings Margin of 10%, Adjusted EBIT Margin of 21%, and Adjusted EBITDA Margin of 27% Delivered Diluted EPS of $3.24 and Adjusted Diluted EPS of $4.64 Produced Operating Cash Flow of $
Owens Corning (NYSE:OC) is scheduled to announce its second-quarter financial results on Tuesday, August 6, 2024, before the New York Stock Exchange opens. The company will host a call to discuss its financial results at 9 a.m. ET the same day. Webcast https://events.q4inc.com/attendee/391039233 A webcast replay will be available for one year using the same link. Callers Please dial in 10-15 minutes before the conference call is scheduled to begin and use the entry code 688625. U.S.: 1.833.470.1428 Canada: 1.833.950.0062 Other international locations: +1.404.975.4839 Telephone replay Telephone replay will be available one hour after the end of the call through Tuesda
Owens Corning (NYSE:OC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.60 per common share. The dividend will be payable on August 2, 2024, to shareholders of record as of July 15, 2024. Future dividend declarations will be made at the discretion of the Board of Directors and will be based on the company's earnings, financial condition, cash requirements, future prospects and other factors. About Owens Corning Owens Corning is a global building and construction materials leader committed to building a sustainable future through material innovation. Our four integrated businesses – Roofing, Insulation, Doors, and Composites – provide durable, s
Owens Corning (NYSE:OC), a leader in global building and construction materials, and Masonite International Corporation ("Masonite") (NYSE:DOOR), a leading global provider of interior and exterior doors and door systems, today announced that, in connection with the previously announced exchange offer (the "Exchange Offer") by Owens Corning and consent solicitation (the "Consent Solicitation") by Masonite, the requisite consents to adopt the proposed amendments described in the Statement (as defined below) (the "Proposed Amendments") to the indenture (the "Masonite Indenture") governing Masonite's 3.50% Senior Notes due 2030 (the "Existing Masonite Notes") have been received as of 5:00 p.m.,
Owens Corning (NYSE:OC), a leader in global building and construction materials, and Masonite International Corporation ("Masonite") (NYSE:DOOR), a leading global provider of interior and exterior doors and door systems, today announced that, in connection with the previously announced tender offer (the "Tender Offer") by Owens Corning and consent solicitation (the "Consent Solicitation") by Masonite, they have extended the expiration time with respect to the Tender Offer and Consent Solicitation from 5:00 p.m., New York City time, on May 13, 2024 to 5:00 p.m., New York City time, on May 14, 2024 (as the same may be further extended, the "Expiration Time"), and that they have further extend
Owens Corning (NYSE:OC), a leader in global building and construction materials, and Masonite International Corporation ("Masonite") (NYSE:DOOR), a leading global provider of interior and exterior doors and door systems, today announced that Owens Corning has commenced an offer to exchange (the "Exchange Offer") any and all outstanding 3.50% Senior Notes due 2030 issued by Masonite (the "Existing Masonite Notes") for new notes to be issued by Owens Corning as set forth below (the "New Owens Corning Notes"), in connection with Owens Corning's anticipated acquisition of Masonite. In conjunction with the Exchange Offer, Masonite is soliciting consents (the "Consent Solicitation") to adopt cert
Owens Corning (NYSE:OC), a leader in global building and construction materials, and Masonite International Corporation ("Masonite") (NYSE:DOOR), a leading global provider of interior and exterior doors and door systems, today announced that, in connection with the previously announced tender offer (the "Tender Offer") by Owens Corning and consent solicitation (the "Consent Solicitation") by Masonite, they have extended the early participation deadline with respect to the Tender Offer and Consent Solicitation from 5:00 p.m., New York City time, on April 26, 2024 to 5:00 p.m. New York City time, on May 13, 2024, which is the same time and date as the Expiration Time (as defined below) of the
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Owens-Corning (NYSE:OC) has outperformed the market over the past 5 years by 12.96% on an annualized basis producing an average annual return of 26.14%. Currently, Owens-Corning has a market capitalization of $15.31 billion. Buying $100 In OC: If an investor had bought $100 of OC stock 5 years ago, it would be worth $323.06 today based on a price of $176.65 for OC at the time of writing. Owens-Corning's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and
Evercore ISI Group analyst Stephen Kim maintains Owens-Corning (NYSE:OC) with a In-Line and raises the price target from $172 to $188.
Barclays analyst Matthew Bouley maintains Owens-Corning (NYSE:OC) with a Equal-Weight and lowers the price target from $190 to $189.
In the preceding three months, 11 analysts have released ratings for Owens-Corning (NYSE:OC), presenting a wide array of perspectives from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 3 3 0 0 Last 30D 1 0 0 0 0 1M Ago 1 0 1 0 0 2M Ago 1 2 1 0 0 3M Ago 2 1 1 0 0 In the assessment of 12-month price targets, analysts unveil insights for Owens-Corning, presenting an average target of $194.36, a high estima
Citigroup analyst Paul Lejuez upgrades Owens-Corning (NYSE:OC) from Neutral to Buy and raises the price target from $178 to $191.
Owens-Corning (NYSE:OC) has outperformed the market over the past 15 years by 6.19% on an annualized basis producing an average annual return of 19.11%. Currently, Owens-Corning has a market capitalization of $14.44 billion. Buying $1000 In OC: If an investor had bought $1000 of OC stock 15 years ago, it would be worth $13,940.59 today based on a price of $166.59 for OC at the time of writing. Owens-Corning's Performance Over Last 15 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engi
Owens-Corning's (NYSE:OC) short percent of float has risen 15.06% since its last report. The company recently reported that it has 1.82 million shares sold short, which is 2.75% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.14 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest i
Citigroup upgraded Owens Corning from Neutral to Buy and set a new price target of $191.00 from $178.00 previously
Goldman resumed coverage of Owens Corning with a rating of Neutral and set a new price target of $187.00
Jefferies resumed coverage of Owens Corning with a rating of Buy and set a new price target of $215.00
RBC Capital Mkts reiterated coverage of Owens Corning with a rating of Outperform and set a new price target of $201.00 from $192.00 previously
Evercore ISI downgraded Owens Corning from Outperform to In-line and set a new price target of $154.00 from $163.00 previously
Barclays downgraded Owens Corning from Overweight to Equal Weight and set a new price target of $160.00 from $170.00 previously
JP Morgan reiterated coverage of Owens Corning with a rating of Neutral and set a new price target of $161.00 from $116.00 previously
Deutsche Bank upgraded Owens Corning from Hold to Buy and set a new price target of $180.00 from $130.00 previously
Wells Fargo initiated coverage of Owens Corning with a rating of Equal Weight and set a new price target of $143.00
Goldman upgraded Owens Corning from Sell to Neutral and set a new price target of $150.00 from $113.00 previously
Owens Corning (NYSE:OC), a residential and commercial building products leader, today reported third-quarter 2024 results. Reported Net Sales of $3.0 Billion, a 23% Increase from Prior Year, with Newly Acquired Doors Business Contributing $573 Million in Revenue Generated Net Earnings Margin of 11%, Adjusted EBIT Margin of 19%, and Adjusted EBITDA Margin of 25% Delivered Diluted EPS of $3.65 and Adjusted Diluted EPS of $4.38 Produced Operating Cash Flow of $699 Million and Free Cash Flow of $558 Million Returned $252 Million to Shareholders through Dividends and Share Repurchases "Our third-quarter results demonstrate the impact of the strategic choices and structural improvemen
Sophisticated, warming red transforms a home's exterior – adding depth, richness, and curb appeal Owens Corning (NYSE:OC) today announced its 2025 Shingle Color of the Year: "Merlot." A complex yet welcoming, on-trend alternative to conventional red, the shingle color balances shades of warm gray, oaky brown, and spiced sienna with deep crimson and earthy purple undertones. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241022146620/en/ As Owens Corning continues to own the conversation on roof color, "Merlot" presents a full-bodied, timeless shingle that brings an understated, approachable finish to a home's exterior. "To maxim
Owens Corning (NYSE:OC) has been recognized by 3BL as one of the 100 Best Corporate Citizens of 2024. Ranked fourth overall among the largest public companies in the U.S., Owens Corning earned the recognition for its environmental, social, and governance (ESG) transparency and performance. This is the seventh consecutive year Owens Corning has ranked in the top 10 overall and the fifth year in a row the company has topped the list in the capital goods industry. "The consistent recognition of our company shows the commitment of Owens Corning's 25,000 employees to our purpose of making the world a better place," said David Rabuano, senior vice president and chief sustainability officer of O
Owens Corning (NYSE:OC) is scheduled to announce its third-quarter financial results on Wednesday, November 6, 2024, before the New York Stock Exchange opens. The company will host a call to discuss its financial results at 9 a.m. ET the same day. Webcast https://events.q4inc.com/attendee/255275100 A webcast replay will be available for one year using the same link. Callers Please dial in 10-15 minutes before the conference call is scheduled to begin and use the entry code 676145. U.S.: 1.833.470.1428 Canada: 1.833.950.0062 Other international locations: +1.404.975.4839 Telephone replay Telephone replay will be available one hour after the end of the call through Wednesday, N
Owens Corning (NYSE:OC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.60 per common share. The dividend will be payable on November 4, 2024, to shareholders of record as of October 18, 2024. Future dividend declarations will be made at the discretion of the Board of Directors and will be based on the company's earnings, financial condition, cash requirements, future prospects and other factors. About Owens Corning Owens Corning is a global residential and commercial building products leader committed to building a sustainable future through material innovation. Our four integrated businesses – Roofing, Insulation, Doors, and Composites – provide
Composites experts from Owens Corning (NYSE:OC) will showcase the power of composites to "Make More Possible" at CAMX 2024, Sept. 9-12, in San Diego, Calif. Industry-Leading Solutions to Make More Possible Owens Corning's participation in CAMX 2024 supports its efforts to grow material replacement and further its strategy of partnering with customers to boost product innovation, productivity, and sustainability to Make More Possible. Representatives from Owens Corning's global team of composites experts and business leaders will be on hand throughout the event to discuss the company's array of industry-leading solutions, including: SUSTAINA® Glass: Innovation Beyond Performance. Manu
Owens Corning (NYSE:OC), a global residential and commercial building products leader, today reported second-quarter 2024 results. These results include performance of the company's newly added Doors segment, which was established following the May 15 acquisition of Masonite International Corporation, a leading provider of doors and door systems. Reported Net Sales of $2.8 Billion, a 9% Increase from Prior Year, with Newly Acquired Doors Business Contributing $311 Million in Revenue Generated Net Earnings Margin of 10%, Adjusted EBIT Margin of 21%, and Adjusted EBITDA Margin of 27% Delivered Diluted EPS of $3.24 and Adjusted Diluted EPS of $4.64 Produced Operating Cash Flow of $
Owens Corning (NYSE:OC) is scheduled to announce its second-quarter financial results on Tuesday, August 6, 2024, before the New York Stock Exchange opens. The company will host a call to discuss its financial results at 9 a.m. ET the same day. Webcast https://events.q4inc.com/attendee/391039233 A webcast replay will be available for one year using the same link. Callers Please dial in 10-15 minutes before the conference call is scheduled to begin and use the entry code 688625. U.S.: 1.833.470.1428 Canada: 1.833.950.0062 Other international locations: +1.404.975.4839 Telephone replay Telephone replay will be available one hour after the end of the call through Tuesda
Owens Corning (NYSE:OC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.60 per common share. The dividend will be payable on August 2, 2024, to shareholders of record as of July 15, 2024. Future dividend declarations will be made at the discretion of the Board of Directors and will be based on the company's earnings, financial condition, cash requirements, future prospects and other factors. About Owens Corning Owens Corning is a global building and construction materials leader committed to building a sustainable future through material innovation. Our four integrated businesses – Roofing, Insulation, Doors, and Composites – provide durable, s
Owens Corning (NYSE:OC) today announced that, in connection with the previously announced exchange offer (the "Exchange Offer") by Owens Corning and consent solicitation (the "Consent Solicitation") by Masonite International Corporation ("Masonite"), it has elected to have an Early Settlement Date of May 22, 2024 (the "Early Settlement Date"). Owens Corning and Masonite are making the Exchange Offer and Consent Solicitation pursuant to the terms of and subject to the conditions set forth in the offering memorandum and consent solicitation statement dated May 1, 2024 (as amended, the "Statement"). On the Early Participation Deadline (as defined below), Masonite and Computershare Trust Co
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Beacon (NASDAQ:BECN) announced today the appointment of Prithvi (Prith) Gandhi as Executive Vice President and Chief Financial Officer. Mr. Gandhi will join Beacon on May 1, 2024, and assume his role as Chief Financial Officer on or about May 6, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240422328918/en/Prithvi Gandhi, Beacon (Photo: Business Wire) Prior to joining Beacon, Mr. Gandhi was VP, Finance and Chief Financial Officer at TAMKO Building Products, a roofing products manufacturer and supplier for the last two years where he led initiatives that drove business insights and financial leverage resulting in improved
Owens Corning (NYSE:OC) today announced that Nicolas Del Monaco has been appointed President of the company's global Insulation business effective September 15, 2023. Mr. Del Monaco will succeed Todd Fister, who is transitioning to the role of Chief Financial Officer, as announced yesterday. Mr. Del Monaco will report directly to Chair and Chief Executive Officer Brian Chambers and serve as a member of the company's Executive Committee. "With more than two decades of experience at OC – across multiple businesses, functions, and regions, Nico is a seasoned operational leader with a proven track record of delivering results, advancing strategies, and leading high-performing teams in diver
Ken Parks to become Chief Financial Officer of GE Vernova Vic Abate to become Chief Executive Officer of GE Vernova's Wind segment GE Vernova Leadership Team fully staffed ahead of spin-off GE (NYSE:GE) announced today that GE Vernova has appointed two new leaders to its leadership team. These appointments complete the executive leadership team for GE Vernova as the business prepares to launch as an independent company sometime in early 2024. Kenneth "Ken" Parks will join GE Vernova as Chief Financial Officer (CFO), effective October 2, 2023. Ken brings extensive public company CFO experience and 38 years of comprehensive financial leadership to the role, having guided organizat
Owens Corning (NYSE:OC) announced today that David Rabuano has been named Senior Vice President and Chief Sustainability Officer, effective May 1, 2022. Mr. Rabuano succeeds Frank O'Brien-Bernini, who is retiring after 38 years with the company. Mr. Rabuano joined Owens Corning in 1988 and has held a variety of leadership roles in supply chain, operations, and general management. Most recently, he has served as Vice President of Global Insulation Operations with responsibility for the manufacturing and delivery of Insulation products through a global network of plants. Under Mr. Rabuano's leadership and through his commitment to operational excellence, the company introduced three innovat
CHICAGO, Aug. 26, 2021 (GLOBE NEWSWIRE) -- Fast Radius, Inc. ("Fast Radius"), a cloud manufacturing and digital supply chain company, today announced the appointment of Prithvi Gandhi as Chief Financial Officer. Gandhi has more than 25 years of leadership experience within finance, most recently serving as Interim CFO at Owens Corning (NYSE:OC), a global Fortune 500 building and industrial materials company. During his seven-year tenure at Owens Corning, he also held the roles of VP, corporate strategy and financial planning and VP, corporate development. Prior to Owens Corning, Gandhi worked in financial leadership roles for Dover Corporation (NYSE:DOV) and Zebra Technologies Corporation
Company Delivered Net Sales of $1.9 Billion; Generated Net Earnings of $210 Million and Adjusted EBIT of $282 Million • Delivered record first quarter net sales, net earnings and adjusted EBIT • Roofing produced $156 million of EBIT with 22% EBIT margins • Insulation delivered $82 million of EBIT with 12% EBIT margins • Composites reported $79 million of EBIT with 14% EBIT margins • Generated operating cash flow of $204 million and free cash flow of $120 million Owens Corning (NYSE:OC) today reported consolidated net sales of $1.9 billion, an increase of 20% compared with 2020. First-quarter 2021 net earnings attributable to Owens Corning were $210 million, or $1.98 per diluted share
Owens Corning (NYSE:OC) announced today the appointment of Gina Beredo as Executive Vice President, General Counsel and Corporate Secretary, effective June 9, 2021. She will be responsible for overseeing global legal operations, government affairs, and corporate affairs. Ms. Beredo will join Owens Corning from Nordson Corporation, a global designer and manufacturer of dispensing equipment for consumer and industrial adhesives, sealants, and coatings, where she served for eight years, most recently as Executive Vice President, General Counsel and Corporate Secretary. "Gina brings more than two decades of experience working across multiple industries. She has a proven track record leading hi
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) today announced the appointment of José Méndez-Andino as executive vice president and chief research & development officer effective April 1. In this newly created role, Dr. Méndez-Andino will be responsible for leveraging product, process and material science innovation to accelerate growth for the company. His accountabilities will encompass oversight of strategy and innovation across the company’s three major businesses and leadership of enterprise R&D capabilities. In conjunction with this appointment, Dr. Méndez-Andino will join the company’s executive committee and report directly to chairman and chief executive office