15 September, 2022
Owens Corning Declares Third-Quarter 2022 Dividend
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Owens Corning (NYSE: OC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.35 per common share. The dividend will be payable on November 3, 2022, to shareholders of record as of October 17, 2022. Future dividend declarations will be made at the discretion of the Board of Directors and will be based on the company’s earnings, financial condition, cash requirements, future prospects and other factors. About Owens Corning Owens Corning is a global building and construction materials leader committed to building a sustainable future through material innovation. Our three integrated businesses – Composites, Insulation, and Roofing – provide durable, sustainable, energy-efficient solutions that leverage our unique material science, manufacturing, and market knowledge to help our customers win and grow. We are global in scope, human in scale with approximately 20,000 employees in 33 countries dedicated to generating value for our customers and
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01 August, 2022
Owens Corning Completes Acquisition of Natural Polymers
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Owens Corning (NYSE: OC) announced it has completed the acquisition of Natural Polymers, LLC, a manufacturer of spray polyurethane foam insulation for building and construction applications, based in Cortland, Illinois. “We are excited to welcome the Natural Polymers team and start working together on innovative product development,” said Insulation President Todd Fister. “Natural Polymers’ proven technology advances our strategy to provide long-term, sustainable solutions and offer our customers a diversified insulation product portfolio.” Owens Corning expects to significantly grow this business in the coming years. Natural Polymers’ track record of above-market growth is anticipated to contribute to Owens Corning’s strategy to strengthen core building and construction products and expand the company’s addressable markets into higher-growth segments. Natural Polymers is dedicated to the development of high-quality spray polyurethane foam products and systems, offering some of the
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27 July, 2022
Owens Corning Delivers Record Net Sales of $2.6 Billion; Generates Net Earnings of $343 Million and Adjusted EBIT of $525 Million
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Owens Corning (NYSE: OC), a global building and construction materials leader, today reported second-quarter 2022 results. Reported Net Sales Increase of 16% to $2.6 Billion Expanded Adjusted EBIT Margins to 20% and Adjusted EBITDA Margins to 25% Delivered Diluted EPS of $3.49 and Adjusted Diluted EPS of $3.83 Generated Operating Cash Flow of $466 Million and Free Cash Flow of $361 Million Returned $136 Million of Free Cash Flow to Shareholders through Dividends and Share Repurchases “Owens Corning delivered another outstanding quarter while advancing our enterprise strategy which accelerates our growth, strengthens our earnings power, and creates additional value for our shareholders. Our global teams continue to execute at a high level as we make strategic investments to expand our total addressable markets and enhance our market-leading positions,” said Chair and Chief Executive Officer Brian Chambers. “For the second half of the year, we remain focused on delivering strong
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