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 |
|---|---|---|---|
| 12/17/2024 | $195.00 → $225.00 | Equal Weight → Overweight | Wells Fargo |
| 12/11/2024 | $192.00 → $245.00 | Equal Weight → Overweight | Barclays |
| 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 |
4 - Owens Corning (0001370946) (Issuer)
4 - Owens Corning (0001370946) (Issuer)
4 - Owens Corning (0001370946) (Issuer)
4 - Owens Corning (0001370946) (Issuer)
4 - Owens Corning (0001370946) (Issuer)
4 - Owens Corning (0001370946) (Issuer)
4 - Owens Corning (0001370946) (Issuer)
4 - Owens Corning (0001370946) (Issuer)
4 - Owens Corning (0001370946) (Issuer)
4 - Owens Corning (0001370946) (Issuer)
8-K - Owens Corning (0001370946) (Filer)
144 - Owens Corning (0001370946) (Subject)
144 - Owens Corning (0001370946) (Subject)
8-K - Owens Corning (0001370946) (Filer)
10-Q - Owens Corning (0001370946) (Filer)
8-K - Owens Corning (0001370946) (Filer)
8-K - Owens Corning (0001370946) (Filer)
10-Q - Owens Corning (0001370946) (Filer)
8-K - Owens Corning (0001370946) (Filer)
EFFECT - Owens Corning (0001370946) (Filer)
Transaction completes Owens Corning's previously announced strategic review of the business Strengthens Owens Corning's focus on residential and commercial building products in North America and Europe Enhances Praana Group's existing advanced materials and composites business through the addition of Owens Corning's glass reinforcements business Owens Corning (NYSE:OC), a residential and commercial building products leader, and Praana Group, an India-based holding group that operates a diverse portfolio of companies primarily serving the industrial sector, announced today that they have signed a definitive agreement for the sale of Owens Corning's glass reinforcements business to
GREENWICH, Conn., Feb. 12, 2025 (GLOBE NEWSWIRE) -- QXO, Inc. (NYSE:QXO) announced today that it has informed Beacon Roofing Supply, Inc. (NASDAQ:BECN) that it will propose 10 independent director nominees at Beacon's 2025 Annual Meeting of Shareholders to replace Beacon's Board of Directors. The slate of independent nominees includes current and former senior executives and directors of leading global companies who were selected for their deep expertise with large-scale corporate transformations, extensive knowledge of the building products and distribution sectors, and track records of unlocking shareholder value. "We are proposing a slate of high-caliber, independent director nominees
Investment Increases Capacity for Owens Corning's High-Performing Laminate Shingle Portfolio Including Premium Duration® Series Shingles Owens Corning (NYSE:OC), a residential and commercial building products leader, today announced an investment in shingle manufacturing capacity with the addition of a new facility in the southeastern United States. The strategic investment will expand the company's Roofing manufacturing network, enhancing Owens Corning's ability to meet the strong and growing demand for its shingles. Gunner Smith, Roofing President, said, "We are focused on offering unmatched value to our customers by providing the premium quality building products and solutions they n
Owens Corning (NYSE:OC) is scheduled to announce its fourth-quarter and full-year 2024 financial results on Monday, February 24, 2025, 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/716642151 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 307871. 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 c
Owens Corning (NYSE:OC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.69 per common share. The dividend will be payable on April 10, 2025, to shareholders of record as of March 10, 2025. 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 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 durabl
Owens Corning (NYSE:OC) earned a place on the Dow Jones Sustainability World Index (DJSI World) for the 15th consecutive year and on the DJSI North America Index for the seventh consecutive year, with industry-leading assessment scores. The DJSI World comprises an elite listing of the world's largest companies based on long-term economic, environmental, and social criteria. Companies are selected for inclusion in the DJSI in part based on their scores in the S&P Global Corporate Sustainability Assessment (CSA). Owens Corning scored 83 out of a possible 100 points overall in the 2024 S&P Global CSA (score date: Dec. 13, 2024), achieving a leading score among the companies assessed in the b
Owens Corning (NYSE:OC) has been named one of the best-managed companies in the United States by the Wall Street Journal. Earning a spot on the list each year since its first publishing in 2017, Owens Corning ranked 41st overall and second in the real estate and construction category this year. The best-managed companies list ranks America's largest publicly traded companies based on principles of corporate effectiveness, which include customer satisfaction, employee engagement and development, innovation, social responsibility, and financial strength. Owens Corning was listed fourth overall in customer satisfaction, and ranked 10th in social responsibility. "We are honored to once ag
Owens Corning (NYSE:OC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.69 per common share, a 15% increase compared to the prior quarterly dividend. The dividend will be payable on January 17, 2025, to shareholders of record as of January 6, 2025. 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 residential and commercial building products leader committed to building a sustainable future through material innovation. Our four integrated businesses –
Owens Corning (NYSE:OC) announced today that Michelle Collins, former Vice Chair, Senior Audit Partner, and National Automotive Sector Leader for Deloitte & Touche LLP, has been elected to the company's Board of Directors. She has been appointed to serve on the Audit Committee and Finance Committee. In addition, W. Howard Morris has announced that he will not stand for re-election at the company's next Annual Meeting of Stockholders. "We are pleased to welcome Michelle to our Board of Directors," said Brian Chambers, Chair and Chief Executive Officer. "With over four decades of deep financial expertise and advising companies across multiple industries, she will bring significant value and
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
Wells Fargo upgraded Owens Corning from Equal Weight to Overweight and set a new price target of $225.00 from $195.00 previously
Barclays upgraded Owens Corning from Equal Weight to Overweight and set a new price target of $245.00 from $192.00 previously
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
SC 13G/A - Owens Corning (0001370946) (Subject)
SC 13G/A - Owens Corning (0001370946) (Subject)
SC 13G/A - Owens Corning (0001370946) (Subject)
SC 13G/A - Owens Corning (0001370946) (Subject)
SC 13G/A - Owens Corning (0001370946) (Subject)
SC 13G/A - Owens Corning (0001370946) (Subject)
SC 13G/A - Owens Corning (0001370946) (Subject)
SC 13G/A - Owens Corning (0001370946) (Subject)
SC 13G/A - Owens Corning (0001370946) (Subject)
SC 13G/A - Owens Corning (0001370946) (Subject)
Owens Corning (NYSE:OC) is scheduled to announce its fourth-quarter and full-year 2024 financial results on Monday, February 24, 2025, 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/716642151 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 307871. 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 c
Owens Corning (NYSE:OC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.69 per common share. The dividend will be payable on April 10, 2025, to shareholders of record as of March 10, 2025. 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 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 durabl
Owens Corning (NYSE:OC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.69 per common share, a 15% increase compared to the prior quarterly dividend. The dividend will be payable on January 17, 2025, to shareholders of record as of January 6, 2025. 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 residential and commercial building products leader committed to building a sustainable future through material innovation. Our four integrated businesses –
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.,
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