13 March, 2023
Owens Corning Named One of 2023 World’s Most Ethical Companies® by Ethisphere
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Owens Corning (NYSE: OC) today announced that it has been recognized by Ethisphere as one of the 2023 World’s Most Ethical Companies. This marks the sixth consecutive year the company has been recognized with this honor. Owens Corning is one of just two honorees in the Construction and Building Materials industry, underscoring its commitment to leading with integrity and prioritizing ethical business practices. In 2023, 135 honorees were recognized spanning 19 countries and 46 industries. Ethisphere is a global leader in defining and advancing the standards of ethical business practices. “Owens Corning is honored to be recognized by Ethisphere for the sixth consecutive year,” said Executive Vice President and General Counsel Gina Beredo. “Our inclusion on this distinguished list speaks to our company’s purpose and serves as a testament to our 19,000 employees across the world who demonstrate it each day with their unwavering commitment to ethical business practices.” Methodology &
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15 February, 2023
Owens Corning Delivers Record Full-Year 2022 Results
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Owens Corning (NYSE: OC), a global building and construction materials leader, today reported fourth-quarter and full-year 2022 results. Reported Net Sales Increase of 15% in 2022 to $9.8 Billion Produced Full-Year Net Earnings of $1.2 Billion Expanded 2022 Adjusted EBIT Margins to 18% and Adjusted EBITDA Margins to 23% Delivered Diluted EPS of $12.70 and Adjusted Diluted EPS of $12.88 Generated Operating Cash Flow of $1.8 Billion and Free Cash Flow of $1.3 Billion, Conversion of 104% Returned $931 Million, or 71%, of Free Cash Flow to Shareholders through Dividends and Share Repurchases “Our strong performance in 2022 demonstrated the resiliency of our team, the strength of our businesses, and the earnings power of our company amid changing market conditions. During the year, we continued to advance our enterprise strategy, positioning the company for long-term success,” said Board Chair and Chief Executive Officer Brian Chambers. “While we anticipate our markets in 2023 will be more
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02 February, 2023
Owens Corning Declares First-Quarter 2023 Dividend
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Owens Corning (NYSE: OC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.52 per common share. The dividend will be payable on April 6, 2023, to shareholders of record as of March 3, 2023. 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 19,000 employees in 31 countries dedicated to generating value for our customers and shareholders
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