"We are confident in the continued earnings potential of Owens Corning and our 3 strong businesses."

Mike Thaman – Chairman and Chief Executive Officer
October 24, 2018 – Q3 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

Price48.87 Change+0.58 Volume: 777,541 % Change+1.2% January 18, 2019 Pricing delayed 20 minutes

Press Releases

03 January, 2019 Owens Corning Announces CEO Retirement and Succession Plan PDF format download (opens in new window)
Brian Chambers Elected Chief Executive Officer Effective April 18, 2019 Mike Thaman Announces Plan to Retire as Chief Executive Officer and Serve as Executive Chairman of the Board of Directors Owens Corning (NYSE: OC) announced today that its Board of Directors elected Brian D. Chambers, 52, current President and Chief Operating Officer (COO), to succeed Mike Thaman as Chief Executive Officer (CEO), effective April 18, 2019. Mr. Thaman, who has served as Chairman since 2002 and as CEO since 2007, announced his retirement as CEO and will remain with the company in the role of Executive Chairman. “On behalf of our Board of Directors, we are pleased to elect Brian as our next CEO, the 8th CEO in our company’s 80-year history,” said Mike Thaman, Chief Executive Officer. “Brian is a proven and respected leader who has delivered strong operating results through a relentless commitment to our customers and to our people. I am confident that Brian will lead our 19,000 employees to achieve ...
06 December, 2018 Owens Corning Declares Fourth-Quarter 2018 Dividend PDF format download (opens in new window)
Owens Corning (NYSE: OC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.22 per common share, a 5% increase compared with the prior quarter dividend. The dividend will be payable on January 18, 2019, to shareholders of record as of January 3, 2019. Future dividend declarations will be made at the discretion of the Board of Directors and will be based on such factors as the company’s earnings, financial condition, cash requirements, future prospects and other factors. About Owens Corning Owens Corning (NYSE: OC) develops, manufactures, and markets insulation, roofing, and fiberglass composites. Global in scope and human in scale, the company’s market-leading businesses use their deep expertise in materials, manufacturing and building science to develop products and systems that save energy and improve comfort in commercial and residential buildings. Through its glass reinforcements business, the company makes thousands of products lighter, ...
24 October, 2018 Owens Corning Reports Third-Quarter 2018 Results PDF format download (opens in new window)
Company Grew Net Sales by 7% and Improved Net Earnings on Pricing Momentum;
Revised Adjusted EBIT Outlook Reflects Lower Second-Half Volume Expectations Insulation grew EBIT by $30 million, driven by continued price improvement Roofing delivered 20% EBIT margins, despite a significant third-quarter market decline Composites generated EBIT in line with prior year, and margins of 13% 2018 adjusted EBIT expected to be in line with last year’s performance of $855 million Owens Corning (NYSE: OC) today reported consolidated net sales of $1.8 billion in third-quarter 2018, compared with net sales of $1.7 billion in third-quarter 2017, an increase of 7%. Third-quarter 2018 net earnings attributable to Owens Corning were $161 million, or $1.45 per diluted share, compared with $96 million, or $0.85 per diluted share, during the comparable quarter in 2017. Third-quarter 2018 adjusted earnings were $171 million, or $1.54 per diluted share, compared with $141 million, or $1.25 per diluted ...

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