"Owens Corning generated 14% revenue growth in both the quarter and the first half of the year."

Mike Thaman – Chairman and Chief Executive Officer
July 25, 2018 – Q2 2018 Earnings Call

Why Owens Corning

OWENS CORNING develops, manufactures and markets insulation, roofing, and fiberglass composites. A Fortune 500® company for 64 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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Stock Quote

Price58.18 Change+0.24 Volume: 791,647 % Change+0.41% August 14, 2018 Pricing delayed 20 minutes

Press Releases

31 July, 2018 Brian Chambers Appointed President and Chief Operating Officer of Owens Corning PDF format download (opens in new window)
Gunner Smith Appointed President, Roofing Owens Corning (NYSE:OC) today announced that Brian Chambers has been appointed President and Chief Operating Officer effective August 1, 2018. “The creation of a Chief Operating Officer and the appointment of Brian Chambers will create additional senior management capacity to accelerate our progress on growing the company,” said Mike Thaman, Chairman and Chief Executive Officer. “The fundamentals of our business are strong, and this change will allow us to further leverage scale across the enterprise.” Mr. Chambers, 51, has been President of Owens Corning’s Roofing business since 2014. Under his leadership, revenues for the Roofing business grew 16% in 2017. Prior to his current position, Mr. Chambers was Vice President and General Manager for Roofing, a role he held since 2013. Mr. Chambers returned to Owens Corning in April 2011 as Vice President and Managing Director, Engineered Solutions in the Composites business. He had spent almost four ...
25 July, 2018 Owens Corning Reports Second-Quarter 2018 Results PDF format download (opens in new window)
Company Grew Net Sales by 14% to $1.8 Billion; Pricing Momentum Expected to Drive Strong Second-Half Performance Improvement, Resulting in an Adjusted EBIT Outlook of $925 Million to $975 Million for 2018 Insulation grew EBIT by $20 million, despite manufacturing productivity headwinds Roofing produced 19% EBIT margins on strong sequential price improvement Composites declined to $71 million of EBIT on higher manufacturing costs Full-year outlook continues to reflect strong free cash flow conversion Owens Corning (NYSE: OC) today reported consolidated net sales of $1.8 billion in second-quarter 2018, compared with net sales of $1.6 billion in second-quarter 2017, an increase of 14%. Second-quarter 2018 net earnings attributable to Owens Corning were $121 million, or $1.08 per diluted share, compared with $96 million, or $0.85 per diluted share, during the comparable quarter in 2017. For first-half 2018, net earnings were $213 million, compared with $197 million in first-half 2017. ...
05 July, 2018 Owens Corning Recognized for Its Sustainability Leadership by RobecoSAM, CDP and Environmental Leader PDF format download (opens in new window)
Accolades Recognize Sustainability Performance, Supplier Engagement on Climate Change and Product of the Year Owens Corning (NYSE: OC) has been recognized as a global leader by two independent organizations for its sustainability performance overall, as well as its progress in managing carbon and climate change across its supply chain. The company also received a product of the year honor for its commercial and residential insulations. Three types of insulation were the first products ever to meet the requirements of SCS Global Services’ certification protocol validating that the products were made with renewable (wind) energy yielding reduced embodied carbon. “We’re honored to be recognized by these influential organizations – RobecoSAM, CDP and Environmental Leader,” said Frank O’Brien-Bernini, vice president and chief sustainability officer. “We are consistently seeking ways to improve, lead, collaborate and measure our sustainability performance. This ambition provides a unique ...

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