Owens Corning (NYSE: OC) today published its 2022 Sustainability Report, Our Mission at Work , outlining the company’s progress toward its 2030 sustainability goals. “In 2022, we made progress toward many of our 2030 goals while delivering strong financial results,” said Board Chair and Chief Executive Officer Brian Chambers. “In doing so, we demonstrated the power of our company’s mission to build a sustainable future through material innovation.” The report is the 17 th sustainability report from Owens Corning, which published its first report in 2006. The 2022 report is the first under the leadership of Senior Vice President and Chief Sustainability Officer David Rabuano, who is leading the company’s next-chapter sustainability strategy. “In 2023 and beyond, sustainability will remain at the heart of our business and a critical value creator for Owens Corning, our customers, and other stakeholders,” said Rabuano. “As we shift into the next chapter of our sustainability strategy, we ...

Owens Corning (NYSE: OC), a global building and construction materials leader, today reported first-quarter 2023 results. Reported Net Sales of $2.3 Billion, in-line with Prior Year Generated Adjusted EBIT Margins of 15% and Adjusted EBITDA Margins of 21% Delivered Diluted EPS of $4.17 and Adjusted Diluted EPS of $2.77 Produced Operating Cash Outflow of $164 Million and Free Cash Outflow of $322 Million Returned $183 Million to Shareholders through Dividends and Share Repurchases “In the first quarter, each of our segments performed well relative to market conditions, especially our North American residential businesses, demonstrating the strength of our customer partnerships, the value of our product lines, and the power of our brand,” said Board Chair and Chief Executive Officer Brian Chambers. “In addition to driving strong financial performance in the near-term, we continue to make strategic investments that will expand our growth potential and enhance our earnings over the ...