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Owens Corning  (OC)
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Price: $176.8600 $0.48 0.272%
Day's High: $178.25 Week Perf: -0.47 %
Day's Low: $ 175.60 30 Day Perf: 10.46 %
Volume (M): 341 52 Wk High: $ 181.49
Volume (M$): $ 60,275 52 Wk Avg: $142.20
Open: $176.38 52 Wk Low: $105.56



 Market Capitalization (Millions $) 15,546
 Shares Outstanding (Millions) 88
 Employees 15,500
 Revenues (TTM) (Millions $) 9,646
 Net Income (TTM) (Millions $) 1,109
 Cash Flow (TTM) (Millions $) 497
 Capital Exp. (TTM) (Millions $) 384

Owens Corning

Owens Corning was founded in 1938. Since then, the Company has continued to grow as a market-leading innovator of glass fiber technology. Owens Corning is a world leader in composite and building materials systems, delivering a broad range of high-quality products and services. Our products range from glass fiber used to reinforce composite materials for transportation, electronics, marine, infrastructure, wind-energy and other high-performance markets to insulation and roofing for residential, commercial and industrial applications.

Owens Corning glass fiber materials can be found in over 40,000 end-use applications within five primary markets: building and construction, transportation, consumer, industrial, and power and energy. Such end-use applications include pipe, roofing shingles, sporting goods, consumer electronics, telecommunications cables, boats, aviation, defense, automotive, industrial containers and wind-energy. Our products are manufactured and sold worldwide. We primarily sell our products directly to parts molders and fabricators. Within the building and construction market, our Composites segment sells glass fiber and/or glass mat directly to a small number of major shingle manufacturers, including our own Roofing segment.

Our insulating products help customers conserve energy, provide improved acoustical performance and offer convenience of installation and use, making them a preferred insulating product for new home construction and remodeling. These products include thermal and acoustical batts, loosefill insulation, foam sheathing and accessories, and are sold under well-recognized brand names and trademarks such as Owens Corning PINK® FIBERGLAS™ Insulation. Our Insulation segment also manufactures and sells glass fiber pipe insulation, energy efficient flexible duct media, bonded and granulated mineral fiber insulation and foam insulation used in above- and below-grade construction applications. We sell our insulation products primarily to insulation installers, home centers, lumberyards, retailers and distributors in the United States and Canada.

Our primary products in the Roofing segment are laminate and strip asphalt roofing shingles. Other products include oxidized asphalt and roofing accessories. We have been able to meet the growing demand for longer lasting, aesthetically attractive laminate products with modest capital investment.

We sell shingles and roofing accessories primarily through home centers, lumberyards, retailers, distributors and contractors in the United States and sell other asphalt products internally to manufacture residential roofing products and externally to other roofing manufacturers. We also sell asphalt to roofing contractors and distributors for built-up roofing asphalt systems and to manufacturers in a variety of other industries, including automotive, chemical, rubber and construction.



   Company Address: One Owens Corning Parkway, Toledo, 43659 OH
   Company Phone Number: 248-8000   Stock Exchange / Ticker: NYSE OC
   


   

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Owens Corning

2. Owens Corning's Commitment to Sustainability Amidst Financial Challenges

Owens Corning (NYSE: OC) recently announced disappointing financial results for the most recent fiscal period, with EPS deteriorating by -18.47% to $3.40 from $4.17 and revenue decreasing by -1.33% to $2.30 billion year-on-year. This performance was in contrast to the on average 8.57% revenue gain recorded by the Industrial Machinery and Components industry in the same period.
Despite the decline in financial results, Owens Corning has been focused on creating a sustainable future, as highlighted in its 2023 Sustainability Report titled Making the Difference. The report outlines the company's significant progress towards achieving its ambitious 2030 sustainability goals. This emphasis on sustainability is aligned with Owens Corning's mission to build a sustainable future through material innovation.

Business Update

Owens Corning's 2023 Sustainability Report: Building a Sustainable Future Through Remarkable Achievements and Bold Goals

Published Tue, Mar 19 2024 11:30 AM UTC

Creating a Sustainable Future: Owens Corning's 2023 Sustainability Report Highlights Remarkable Achievements and Ambitious GoalsTOLEDO, Ohio - Owens Corning (NYSE: OC) has recently released its highly anticipated 2023 Sustainability Report, titled Making the Difference. This comprehensive document outlines the company's significant progress towards achieving its ambitious 20...

Owens Corning

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 margins, with net margin rising to 5.64% and operating margin edging up to 14.28%.

Business Update

Owens Corning Explores Strategic Alternatives for its Glass Reinforcements Business to Strengthen Building and Construction Materials Division

Published Fri, Feb 9 2024 12:00 PM UTC

Owens Corning, a renowned global leader in building and construction materials, has recently made a significant decision to review strategic alternatives for its glass reinforcements (GR) business. This move comes as part of the company's transformative efforts to solidify its position in the building and construction materials industry.The GR business operates within Owens ...

Merger and Acquisition

Owens Corning's Acquisition of Masonite: Building a Stronger Future in Construction Materials

Published Fri, Feb 9 2024 12:05 PM UTC

Owens Corning's Acquisition of Masonite: Strengthening Position in Building Materials
- Outline:
Owens Corning, a global leader in building and construction materials, has announced a major acquisition of Masonite International Corporation, a leading provider of interior and exterior doors and door systems. The deal is valued at $3.9 billion, with Owens Corning off...






 

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Earnings Outlook
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