“Given continued market performance, we would expect the company to deliver revenue and adjusted EBIT in the fourth quarter at or above last year, driven by our innovative product offering and broad market reach.”

Brian Chambers - Chief Executive Officer
October 28, 2020 – Q3 2020 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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Price86.94 Change+2.49 Volume: 1,156,865 % Change+2.95% January 20, 2021 Pricing delayed 20 minutes

Press Releases

03 December, 2020 Owens Corning Announces Dividend Increase, Authorization for Repurchase of Up to 10 Million Additional Shares PDF format download (opens in new window)
Owens Corning (NYSE: OC) today announced that its Board of Directors has approved a quarterly dividend increase and an expanded share repurchase authorization. The actions reaffirm the company’s capital allocation strategy and reflect its ability to operate, execute, and deliver in a challenging environment. “Our performance and cash flow generation are a testament to the strength of our company,” said Chairman and Chief Executive Officer Brian Chambers. “The increased dividend and additional share repurchase authorization support our target of returning at least 50% of free cash flow to shareholders over time.” Board Increases Quarterly Cash Dividend by 8% The Board has declared a quarterly cash dividend of $0.26 per common share, an 8% increase compared with the prior quarterly dividend. The dividend will be payable on January 22, 2021, to shareholders of record as of January 8, 2021. Future dividend declarations will be made at the discretion of the Board of Directors and will be ...
16 November, 2020 Owens Corning Earns Place on Dow Jones Sustainability Index PDF format download (opens in new window)
Owens Corning (NYSE: OC) earned a place on the Dow Jones Sustainability World Index (DJSI World) for the 11 th consecutive year and was named Industry Leader for the DJSI World Building Products group for the eighth straight year. The DJSI World comprises an elite listing of the world’s largest companies based on long-term environmental, social and governance criteria. “We are honored to once again receive this recognition from the Dow Jones Sustainability World Index,” Chairman and Chief Executive Officer Brian Chambers said. “At Owens Corning, we are committed to our long-term aspiration to be a net-positive company. Our 18,000 employees around the world take great pride in the work we do every day to achieve this goal.” For the fourth year in a row, Owens Corning led the building products sector in all three DJSI dimensions: economic, environmental and social. Additionally, Owens Corning earned placement on the Dow Jones Sustainability North America Index for the third year. The ...
28 October, 2020 Owens Corning Reports Third-Quarter 2020 Results PDF format download (opens in new window)
Company Delivered Net Sales of $1.9 Billion; Posted Strong Net Earnings of $206 Million and Record Quarterly Adjusted EBIT of $289 Million Company achieved strong financial results in improving markets Roofing generated $196 million of EBIT with 26% EBIT margins Insulation delivered $73 million of EBIT with 11% EBIT margins Composites produced $55 million of EBIT with 11% EBIT margins Company reported record operating and free cash flow of $488 million and $425 million Owens Corning (NYSE: OC) today reported consolidated net sales of $1.9 billion in third-quarter 2020, an increase of 1% compared with third-quarter 2019. Third-quarter 2020 net earnings attributable to Owens Corning were $206 million, or $1.88 per diluted share, compared with $150 million, or $1.36 per diluted share, in third-quarter 2019. Third-quarter 2020 adjusted earnings were $186 million, or $1.70 per diluted share, compared with $176 million, or $1.60 per diluted share, during the same period one year ago. ...

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