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Owens Corning  (OC)
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Owens Corning

OC's Financial Statements and Analysis



Owens Corning reported in the forth quarter of 2023 net earnings per share of $1.48 an increase by 10.89 % year on year from $1.33 and decline of -60.15 % from $3.71 earned in III. Quarter (Sep 30 2023).


forth quarter of 2023
Earnings Per Share Revenues
$ 1.48 $  2,304 Mill
$+0.15     +10.89 % $+19M     +0.83 %



Owens Corning's Revenue rose by 0.83 % in forth quarter of 2023 (Dec 31 2023) year on year, to $2,304 million and declined by -7.06 % sequentially.


Owens Corning is

More on OC's Income Statement



Owens Corning's net income of $130.000 million in the forth quarter of 2023 increased by 6.56 % from net earnings of $122.000 million achieved in IV. Quarter a year ago.

Sequentially net earnings fell by -61.42 % from net income of $337.000 million realized in previous quarter.

More on OC's Growth

Owens Corning Inventories
Inventories declined by -10.19 % to $1,198.00 million from IV. Quarter a year ago, sequentially inventories fell by -2.76 %. OC's Cash flow In the forth quarter of 2023 company's net cash flow was $291 million


Owens Corning payed out dividend of $2.06 per share in last 52 weeks representing 15.68 % of net earning per share in trailing twelve-month period.

During the same period Owens Corning earned $ 18.89 cash per share, on a free-cash flow basis 143.73 % of net earning per share.

Book value grew by 1.04 % sequentially to $56.97 per share, 75.59% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 40.18 per share from $ 24.43.

Company issued 0.12 million shares or 0.13 % in Dec 31 2023.
Interest Coverage Ratio was 21.93. Debt Coverage Ratio was 0.55.

More on OC's Dividends

 Market Capitalization (Millions) 14,941
 Shares Outstanding (Millions) 91
 Total Debt (Millions $) 3,046
 Revenue (TTM) (Millions $) 9,677
 Net Income (TTM) (Millions $) 1,193
 Cash Flow (TTM) (Millions $) 516
 Capital Exp. (TTM) (Millions $) -390
 Dividend TTM ($) 2.06 $
 Dividend Yield TTM (%) 1.23 %
 Employees (TTM) $ 15,500




Owens Corning payed out dividend of $2.06 per share in the last 52 weeks representing 15.68 % of net earning per share in trailing twelve-month period.

During the same period Owens Corning had $ 18.89 cash flow per share, on a free-cash flow basis 143.73 % of net earning per share.

Book value grew by 1.04 % sequentially to $56.97 per share, 75.59% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 40.18 per share from $ 24.43.

Company issued 0.12 million shares or 0.13 % in Dec 31 2023.
Interest Coverage Ratio was 21.93. Debt Coverage Ratio was 0.55.

More on OC's Balance Sheets

 Market Capitalization (Millions) 14,941
 Shares Outstanding (Millions) 91
 Total Debt (Millions $) 3,046
 Revenue (TTM) (Millions $) 9,677
 Net Income (TTM) (Millions $) 1,193
 Cash Flow (TTM) (Millions $) 516
 Capital Exp. (TTM) (Millions $) -390
 Dividend TTM ($) 2.06 $
 Dividend Yield TTM (%) 1.23 %
 Employees (TTM) $ 15,500
   


  News about Owens Corning Earnings

Industrial Machinery and Components Company Sees Double-Digit Income Growth in 2023

The stock market is full of highs and lows, but today we can celebrate the success of Owens Corning. The Industrial Machinery and Components company has defied the odds and posted a revenue surge, in contrast to its peers in the industry who have seen a downturn in their top-line numbers. With a moderate revenue elevation of 0.832% to $2.30 billion in the fourth quarter of 2023, Owens Corning has shown impressive growth.
Not only has the company seen an increase in revenue, but its net profit per share has also grown by 10.89% year on year. This is a testament to the company's strong performance and ability to adapt to changing market conditions. Owens Corning has also highlighted its improving profit ma...

Owens Corning's EPS Plummets by -23.35% in Q3 2023 Financial Period: A Closer Look at the Numbers

In the world of investing, it's natural to encounter a mix of positive and negative news about various companies. Today, we focus on Owens Corning and their recent financial period ending on September 30, 2023. While the results may not be what investors were hoping for, let's take a closer look at the bigger picture and find the silver lining within these numbers.
During the July to September 30, 2023 financial period, Owens Corning saw a decrease in earnings per share (eps) of -23.35% to $3.71 from $4.84 compared to the previous year. Additionally, the company experienced a revenue decrease of -1.977% to $2.48 billion year on year. Looking at the previous quarter, net profit per share decreased from $3...

Owens Corning Reports an 8.31% Increase in Bottom Line Despite Revenue Decline in Q2 2023


Introduction
In the second quarter of 2023, Owens Corning (OC), a renowned player in the construction materials industry, experienced a dip in revenue. However, the company managed to achieve growth in earnings per share (EPS) and net profit, showcasing its resilience and ability to navigate challenging market conditions. This article will provide an analysis of OC's financial results in context, taking into consideration its performance in Q2 2023 and the year-to-date performance of its shares.
Financial Performance in Q2 2023
Although the revenue saw a slight decline of -1.461% to $2.56 billion, OC successfully raised its earnings per share. Income per share increased by an impressive 8.31...


Date modified: 2024-02-16T22:50:15+00:00





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