“We delivered revenue of $1.9 billion, which generated record adjusted EBIT of $277 million.”

Brian Chambers - Chief Executive Officer
October 23, 2019 – Q3 2019 Earnings Call

Why Owens Corning

OWENS CORNING develops, manufactures and markets insulation, roofing, and fiberglass composites. A Fortune 500® company for 65 consecutive years, the company develops solutions that save energy and improve comfort in commercial and residential buildings. Through its glass reinforcements business, Owens Corning makes thousands of products lighter, stronger and more durable.

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Price67.19 Change+2.03 Volume: 1,751,820 % Change+3.12% November 18, 2019 Pricing delayed 20 minutes

Press Releases

23 October, 2019 Owens Corning Reports Third-Quarter 2019 Results PDF format download (opens in new window)
Company Delivered Net Sales of $1.9 Billion, Net Earnings of $150 Million and Adjusted EBIT of $277 Million Roofing improved EBIT by $16 million to $143 million on volume strength Insulation delivered $84 million of EBIT, with continued strong performance in the technical and other building insulation businesses Composites generated 13% EBIT margins on continued good operational and commercial execution Produced strong operating cash flow of $596 million and free cash flow of $282 million year-to-date Owens Corning (NYSE: OC) today reported consolidated net sales of $1.9 billion in third-quarter 2019, compared with $1.8 billion in third-quarter 2018, an increase of 4%. Third-quarter 2019 net earnings attributable to Owens Corning were $150 million, or $1.36 per diluted share, compared with $161 million, or $1.45 per diluted share, in third-quarter 2018. Third-quarter 2019 adjusted earnings were $179 million, or $1.63 per diluted share, compared with $174 million, or $1.57 per diluted ...
14 October, 2019 Owens Corning Announces CFO Transition PDF format download (opens in new window)
Owens Corning (NYSE: OC) today announced that Michael McMurray, Chief Financial Officer, will be stepping down from his role to pursue another professional opportunity. Mr. McMurray will continue as CFO through October 23, 2019, following the company’s third-quarter 2019 earnings announcement and associated Securities and Exchange Commission Form 10-Q filing. Prith Gandhi, currently Vice President of Corporate Strategy, Corporate Development, and Financial Planning, will serve as interim CFO while the company conducts an external search. “I want to thank Michael for his many contributions during his 11-year career at Owens Corning,” stated Chief Executive Officer Brian Chambers. “As a member of our Executive Committee, Michael has played an important role in driving the success of our company. Through his leadership, we have built a talented and experienced finance team who will continue to deliver on our key business priorities.” “I am proud to have been a part of such a great ...
11 October, 2019 Owens Corning Announces Ambitious 2030 Sustainability Goals PDF format download (opens in new window)
Owens Corning (NYSE: OC) is pleased to announce 2030 sustainability goals that are its most comprehensive and ambitious to date. These goals represent the company’s third set of long-term goals and are designed to expand the company’s business impact through sustainability, continuing its commitment to incorporate material environmental, social and economic initiatives into its global practices and operations. “These goals advance our business priorities by pushing us to discover increasingly more sustainable solutions, which is becoming more important to our customers and other key stakeholders,” Chief Executive Officer Brian Chambers said. “Our employees are energized by the challenge to use their creativity and dedication to achieve these ambitious goals.” Chief Sustainability Officer Frank O’Brien-Bernini added, “The scope and ambition of our sustainability goals have evolved over the years, from an initial focus on reducing our environmental footprint, to our current 2030 ...

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