Owens Corning

Owens Corning engages in the development, manufacture, and marketing of insulation, roofing, and fiberglass composites. It operates through the following segments: Composites, Insulation, and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber, and includes vertically integrated downstream activities. The Insulation segment provides insulating products which help customers conserve energy, provide improved acoustical performance, and offer convenience of installation and use. The Roofing segment offers laminate and strip asphalt roofing shingles and other products including oxidized asphalt and roofing accessories. The company was founded on October 31, 1938, and is headquartered in Toledo, OH.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Owens Corning reports record 2022 performance amid market challenges

Owens Corning's Q4 2022 showcased robust financial performance amidst market challenges, with strategic acquisitions and sustainability efforts reinforcing its position. While facing volume and pricing pressures, the company remains focused on operational efficiency and long-term growth strategies.

Owens Corning reports solid Q1 performance amidst market challenges

Owens Corning's Q1 performance was strong across key segments, with a focus on safety and ethical practices. The company maintains its full-year 2023 outlook and expects challenges from inflation and supply constraints. Strategic investments, growth opportunities, and balanced capital allocation are key focus areas for future success.

Owens Corning reports strong Q2 performance amidst market challenges

Owens Corning's Q2 performance reflects robust revenue and EBIT figures across all business segments, underpinned by strategic investments and margin enhancement strategies.
While facing short-term challenges from market uncertainties and inflationary pressures, the company's focus on innovation, sustainability, and customer-centric solutions presents opportunities for growth and differentiation.
With a resilient business model, disciplined risk management, and a commitment to long-term success, Owens Corning is well-positioned to navigate evolving market conditions and drive sustainable profitability.
Executives' discussions on financial results, outlooks, and operational strategies underscore the company's proactive approach to addressing challenges and leveraging opportunities for continued success.

Owens Corning reports solid Q3 earnings amidst pricing challenges

Owens Corning's Q3 performance reflects resilience and strategic focus on growth. While facing pricing pressure and volume challenges, the company is well-positioned to capitalize on opportunities in new construction and insulation markets. Maintaining a strong emphasis on safety, innovation, and sustainability will be key drivers of future success.

Owens Corning reports robust 2023 performance and strategic acquisitions

Owens Corning's strong financial performance, strategic acquisitions, and focus on innovation and sustainability position the company well for future growth. While challenges exist in managing input costs and evaluating strategic alternatives, opportunities in acquisitions and market stability offer avenues for continued success. The company's operational excellence and commitment to shareholder returns underscore its resilience and strategic vision.

Owens Corning reports strong Q1 earnings, eyes growth opportunities

Owens Corning's Q1 2024 earnings call highlighted strong financial results, particularly in the Roofing segment. The company is focused on sustainability and new product launches in Roofing. Challenges include weak conditions in certain regions and fluctuating demand in Composites. Opportunities for growth exist in Insulation and expanding product lines.

Owens Corning excels in Q2 with record earnings and strategic growth

Owens Corning's Q2 performance reflects operational excellence and strategic foresight, driving strong financial results and margin growth.
The company's focus on acquisitions, investments, and operational efficiency underscores its commitment to long-term growth and value creation.
While challenges like the Glass Reinforcements review exist, opportunities in revenue growth and market expansion pave the way for continued success.

Owens Corning excels in Q3, eyes growth amid market challenges

Owens Corning's Q3 performance showcases financial strength and strategic focus on core markets, underpinned by operational efficiency and sustainability initiatives.
While challenges lie ahead in Q4 due to market conditions and operational disruptions, the company's proactive stance on cost competitiveness and growth bodes well for future resilience.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

Why Owens Corning (OC) is a Top Growth Stock for the Long-Term

Dublin, Nov. 12, 2024 (GLOBE NEWSWIRE) -- The "Polymer Foam Market by Resin Type (PU, PS, PO, Phenolic), Foam Type (Rigid, Flexible), End-Use Industry (Building & Construction, Packaging, Automotive, Furniture & Bedding, Footwear, Sports, & Recreational), and Region - Global Forecast to 2030" report has been added to ResearchAndMarkets.com's offering. The global polymer foam market is projected to grow from USD 102.61 billion in 2024 to USD 142.02 billion by 2030, at a CAGR of 5.6% during the forecast period.

Polymer Foam Market Forecast Report to 2030, Featuring Case Studies of Kingspan's Hemkor Range and Alphacore and Owens Corning's Foamular Next-Generation Extruded

OC's third-quarter results benefit from cost control measures like reducing general corporate expenses and optimizing its manufacturing footprint.

Owens Corning's Q3 Earnings & Sales Beat Estimates, Stock Up

Owens Corning (NYSE:OC ) Q3 2024 Earnings Conference Call November 6, 2024 9:00 AM ET Company Participants Amber Wohlfarth - Vice President, Investor Relations, Corporate Affairs Brian Chambers - Chair and CEO Todd Fister - Chief Financial Officer Conference Call Participants Spencer Kaufman - UBS Stephen Kim - Evercore ISI Philip Ng - Jefferies Anthony Pettinari - Citi Sam Reid - Wells Fargo Trevor Allinson - Wolfe Research Adam Baumgarten - Zelman & Associates Keith Hughes - Truist Mike Dahl - RBC Susan Maklari - Goldman Sachs Garik Shmois - Loop Capital Matthew Bouley - Barclays Kathryn Thompson - Thompson Research Group Operator Good morning, everyone, and welcome to Owens Corning's Third Quarter 2024 Earnings Call. My name is Lydia and I will be your operator today.

Owens Corning (OC) Q3 2024 Earnings Call Transcript

Although the revenue and EPS for Owens Corning (OC) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Owens Corning (OC) Reports Q3 Earnings: What Key Metrics Have to Say

Owens Corning (OC) came out with quarterly earnings of $4.38 per share, beating the Zacks Consensus Estimate of $4.01 per share. This compares to earnings of $4.15 per share a year ago.

Owens Corning (OC) Beats Q3 Earnings and Revenue Estimates

TOLEDO, Ohio--(BUSINESS WIRE)--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 M.

Owens Corning Delivers Net Sales of $3.0 Billion; Generates Net Earnings of $321 Million and Adjusted EBIT of $582 Million

Besides Wall Street's top -and-bottom-line estimates for Owens Corning (OC), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.

Owens Corning (OC) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures

In the latest trading session, Owens Corning (OC) closed at $181.58, marking a +0.34% move from the previous day.

Owens Corning (OC) Increases Despite Market Slip: Here's What You Need to Know

Owens Corning (OC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Owens Corning (OC) to Report a Decline in Earnings: What to Look Out for

Zacks.com users have recently been watching Owens Corning (OC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Here is What to Know Beyond Why Owens Corning Inc (OC) is a Trending Stock

TOLEDO, Ohio--(BUSINESS WIRE)--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. 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. “T.

Owens Corning Toasts the 2025 Shingle Color of the Year: Merlot

In the closing of the recent trading day, Owens Corning (OC) stood at $186.20, denoting a -1.79% change from the preceding trading day.

Why Owens Corning (OC) Dipped More Than Broader Market Today

Owens Corning's strong market position and pricing power are bolstered by strategic acquisitions like Masonite and a focus on energy-efficient building materials. Financially, the company faces higher debt levels and margin pressures, but maintains a strong balance sheet and sufficient free cash flow for dividends and share repurchases. Despite current market challenges, the DCF model indicates OC stock is slightly undervalued, with a price target of $202.24, contingent on Masonite acquisition synergies and European market recovery.

Owens Corning: Balanced Prospects Amid Fair Valuation

Albemarle

Johnson Controls

Analysts are feeling more optimistic about Johnson Controls, Albemarle, and Owens Corning.

Wall Street Has Fallen in Love With These 3 Stocks. Should You Buy Them?

OC benefits from growth initiatives and Roofing business. Yet, it is affected by lower volumes and significant inflation across most of its business.

Owens Corning Banks on Growth Initiative Amid Low Volume Projection

Is Trending Stock Owens Corning Inc (OC) a Buy Now?

TOLEDO, Ohio--(BUSINESS WIRE)--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. “.

Owens Corning Named to the 100 Best Corporate Citizens of 2024

TOLEDO, Ohio--(BUSINESS WIRE)--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.

Owens Corning to Announce Third-Quarter Financial Results on November 6

In the latest trading session, Owens Corning (OC) closed at $182.08, marking a +0.36% move from the previous day.

Owens Corning (OC) Ascends But Remains Behind Market: Some Facts to Note

Owens Corning (OC) closed the most recent trading day at $176.52, moving +1.27% from the previous trading session.

Owens Corning (OC) Exceeds Market Returns: Some Facts to Consider

Recently, Zacks.com users have been paying close attention to Owens Corning (OC). This makes it worthwhile to examine what the stock has in store.

Owens Corning Inc (OC) is Attracting Investor Attention: Here is What You Should Know

Delta Air Lines

Trimble

This airline stock is set for growth as the industry overcomes temporary overcapacity. This technology company is a play on the growth of digital technology and its ability to improve the daily activity of its customers.

3 Incredibly Cheap Industrial Stocks to Buy Now

Alphabet

JPMorgan Chase & Co

US stocks have surged over the past two days following the Federal Reserve's decision to lower its benchmark interest rate by 50 basis points. This marks the Fed's first rate cut in four years and signals a more accommodative monetary policy ahead, with an additional 50-basis point cut projected by year-end.

Top 3 rate-sensitive stocks to watch in 2025 amid Fed rate cuts

TOLEDO, Ohio--(BUSINESS WIRE)--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.

News for Owens Corning Stock (OC)