“Our performance during the quarter was driven by good volumes, broad price realization, and strong manufacturing efficiencies across all of our businesses, resulting in an adjusted EBIT margin for the company of 15%, with all three businesses posting double-digit EBIT margins.”

Brian Chambers - Chief Executive Officer
April 28, 2021 – Q1 2021 Earnings Call

Why Owens Corning

OWENS CORNING develops, manufactures and markets insulation, roofing, and fiberglass composites. A Fortune 500® company for 66 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

Price93.56 Change-1.08 Volume: 240,988 % Change-1.14% June 18, 2021 Pricing delayed 20 minutes

Press Releases

17 June, 2021 Owens Corning Declares Second-Quarter 2021 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 $0.26 per common share. The dividend will be payable on August 6, 2021, to shareholders of record as of July 16, 2021. 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 is a global building and industrial materials leader. The company’s three integrated businesses are dedicated to the manufacture and advancement of a broad range of insulation, roofing and fiberglass composite materials. Leveraging the talents of 19,000 employees in 33 countries, Owens Corning provides innovative products and sustainable solutions that address energy efficiency, product safety, renewable energy, durable infrastructure, and labor productivity. These solutions provide a material difference to ...
18 May, 2021 Owens Corning Earns No. 1 Ranking on 100 Best Corporate Citizens List for an Unprecedented Third Year in a Row PDF format download (opens in new window)
Owens Corning (NYSE: OC) earned the top spot on the 100 Best Corporate Citizens list for 2021, announced today by 3BL Media. The company was also No. 1 in 2020 and 2019, making it the first to earn the top ranking for three consecutive years. “Earning the top honor for a third year in a row demonstrates our commitment to doing more,” said Chairman and Chief Executive Officer Brian Chambers. “An achievement like this isn’t the product of any individual team or business. It reflects the efforts of all 19,000 of our employees working together every day to do more for our customers and our world.” The annual 100 Best Corporate Citizens list recognizes outstanding environmental, social and governance (ESG) transparency and performance among the 1,000 largest, publicly traded U.S. companies. “At Owens Corning, we are driven to make the world a better place – and our sustainability aspirations reflect that drive,” said Senior Vice President and Chief Sustainability Officer Frank ...
28 April, 2021 Owens Corning Reports First-Quarter 2021 Results PDF format download (opens in new window)
Company Delivered Net Sales of $1.9 Billion; Generated Net Earnings of $210 Million and Adjusted EBIT of $282 Million • Delivered record first quarter net sales, net earnings and adjusted EBIT • Roofing produced $156 million of EBIT with 22% EBIT margins • Insulation delivered $82 million of EBIT with 12% EBIT margins • Composites reported $79 million of EBIT with 14% EBIT margins • Generated operating cash flow of $204 million and free cash flow of $120 million Owens Corning (NYSE: OC) today reported consolidated net sales of $1.9 billion, an increase of 20% compared with 2020. First-quarter 2021 net earnings attributable to Owens Corning were $210 million, or $1.98 per diluted share, compared with net loss attributable to Owens Corning of $917 million, or $8.43 per diluted share, in first-quarter 2020. The company’s first-quarter 2020 results included non-cash pre-tax impairment charges of $987 million driven by the economic uncertainties associated with the COVID-19 pandemic. ...

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