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Owens Corning  (NYSE: OC)
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Price: $176.4100 $-1.87 -1.049%
Day's High: $176.935 Week Perf: -4.09 %
Day's Low: $ 172.10 30 Day Perf: 4.08 %
Volume (M): 764 52 Wk High: $ 214.53
Volume (M$): $ 134,689 52 Wk Avg: $173.82
Open: $173.66 52 Wk Low: $138.70



 Market Capitalization (Millions $) 15,506
 Shares Outstanding (Millions) 88
 Employees 18,000
 Revenues (TTM) (Millions $) 10,439
 Net Income (TTM) (Millions $) 1,035
 Cash Flow (TTM) (Millions $) -813
 Capital Exp. (TTM) (Millions $) 450

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


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
AHCO   -7.35%    
AIN   -1.17%    
APT   -2.93%    
CAH        0.65% 
PAYM        0.65% 
• View Complete Report
   



Business Update

Owens Corning Ranks Among 100 Best Corporate Citizens of 2024 Amid Strategic Review of Glass Reinforcements Business

Published Thu, Oct 10 2024 12:36 PM UTC

In a notable affirmation of its commitment to corporate responsibility and sustainability, Owens Corning (NYSE: OC) has been distinguished as one of the 100 Best Corporate Citizens of 2024. This accolade, awarded by 3BL, places the company fourth overall among the largest public corporations in the United States a testament to Owens Corning s unwavering dedication to environ...

Owens Corning

Owens Corning Soars in Revenue, Navigates Challenges in Latest Financial Performance

Owens Corning: Navigating Challenges While Delivering Shareholder Value
Owens Corning, the Toledo-based leader in insulation, roofing, and fiberglass composites, recently disclosed its financial results for the second quarter of 2024, reflecting both operational challenges and strategic economic positioning. In a fiscal period marked by a complex economic landscape, the company's performance holds significant insights for investors and market watchers.

Revenue Growth Amid Profit Decline
The company reported a net profit per share of $3.24, a decrease from $3.78 per share recorded in the same quarter last year. Despite this decline in profitability, Owens Corning's revenue climbed to $2.30 billion, demonstrating an 8.82% increase compared to the previous year. This revenue growth stands out against its industrial machinery and components peers, who realized a modest 4.52% overall growth in the same timeframe.
However, it's worth noting that this recent quarter's performance represents a sequential decline from Q1 2024, where revenue grew by a substantial 21.26%. This suggests volatility in market demand or operational execution as the company navigates through various inflationary pressures and evolving consumer preferences.

Dividend

Owens Corning Declares Quarterly Dividend, Demonstrates Commitment to Shareholder Value

Published Fri, Jun 21 2024 3:47 AM UTC

Owens Corning Announces Quarterly Dividend of $0.60 per Share
Owens Corning, a leading global producer of insulation, roofing, and fiberglass composites, has announced that its Board of Directors has declared a quarterly cash dividend of $0.60 per common share. This dividend will be payable on August 2, 2024, to shareholders of record as of July 15, 2024.
The decisio...

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, O...







Owens Corning's Segments
Eliminations    -2.79 % of total Revenue
U S    76.72 % of total Revenue
U S Eliminations    -2.76 % of total Revenue
U S Residential    63.03 % of total Revenue
U S Residential Eliminations    -2.69 % of total Revenue
U S Commercial and Industrial Sector    13.69 % of total Revenue
U S Commercial and Industrial Sector Eliminations    -0.07 % of total Revenue
Europe    11.36 % of total Revenue
Europe Eliminations    -0.03 % of total Revenue
Asia Pacific    4.2 % of total Revenue
Rest of world    7.72 % of total Revenue
Roofing    35.39 % of total Revenue
Roofing U S    34.87 % of total Revenue
Roofing U S Residential    33.45 % of total Revenue
Roofing U S Commercial and Industrial Sector    1.41 % of total Revenue
Roofing Rest of world    0.53 % of total Revenue
Insulation    31.06 % of total Revenue
Insulation U S    20.06 % of total Revenue
Insulation U S Residential    13.66 % of total Revenue
Insulation U S Commercial and Industrial Sector    6.4 % of total Revenue
Insulation Europe    6.01 % of total Revenue
Insulation Asia Pacific    1.12 % of total Revenue
Insulation Rest of world    3.87 % of total Revenue
Doors    18.81 % of total Revenue
Doors U S    14.61 % of total Revenue
Doors U S Residential    14.61 % of total Revenue
Doors Europe    1.87 % of total Revenue
Doors Rest of world    2.33 % of total Revenue
Composites    17.53 % of total Revenue
Composites U S    9.95 % of total Revenue
Composites U S Residential    4.01 % of total Revenue
Composites U S Commercial and Industrial Sector    5.94 % of total Revenue
Composites Europe    3.51 % of total Revenue
Composites Asia Pacific    3.09 % of total Revenue
Composites Rest of world    0.98 % of total Revenue





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