28 July, 2021
Owens Corning Reports Second-Quarter 2021 Results
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Company Delivered Record Net Sales of $2.2 Billion; Net Earnings of $298 Million and Record Adjusted EBIT of $408 Million Delivered adjusted EBIT margins of 18%, with all three businesses continuing to post double-digit EBIT margins for a fourth consecutive quarter Roofing produced $234 million of EBIT with 26% EBIT margins Insulation delivered $112 million of EBIT with 14% EBIT margins Composites reported $98 million of EBIT with 17% EBIT margins Generated operating cash flow of $498 million and free cash flow of $405 million Owens Corning (NYSE: OC) today reported consolidated net sales of $2.2 billion in second-quarter 2021, compared with $1.6 billion in second-quarter 2020, an increase of 38%. Second-quarter 2021 net earnings attributable to Owens Corning were $298 million, or $2.82 per diluted share, compared with $96 million, or $0.88 per diluted share, in second-quarter 2020. Second-quarter 2021 adjusted earnings were $274 million, or $2.60 per diluted share, compared with $99
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13 July, 2021
Owens Corning Announces Acquisition of vliepa GmbH
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Combination expands company’s global nonwovens portfolio to accelerate growth and strengthen offerings to European building and construction markets Owens Corning (NYSE: OC) announced today that it has acquired vliepa GmbH, which specializes in the coating, printing and finishing of nonwovens, paper and film for the building materials industry. The acquisition broadens Owens Corning’s significant global nonwovens portfolio to better serve European customers and accelerate growth of building and construction market applications in the region. “This highly complementary combination advances our global strategy of expanding deeper into the value chain and investing in high-growth markets,” said Marcio Sandri, President of Owens Corning’s Composites business. “The acquisition adds immediate coating capacity for our customers in the building materials industry, along with supporting the transformation of the construction market from traditional materials to innovative, glass-faced
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07 July, 2021
Owens Corning to Announce Second-Quarter 2021 Financial Results on July 28
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Owens Corning (NYSE: OC) is scheduled to announce its second-quarter 2021 financial results on Wednesday, July 28, 2021, before the New York Stock Exchange opens. The company will host a call to discuss its financial results at 9 a.m. ET the same day. Webcast https://services.choruscall.com/links/oc210728.html
A webcast replay will be available for one year using the same link. Callers Please dial in 10-15 minutes before the conference call is scheduled to begin and use the entry code 1186698 . U.S.: 1.888.317.6003 Canada: 1.866.284.3684 Other international locations: +1.412.317.6061 Telephone replay Telephone replay will be available one hour after the end of the call through August 4, 2021. Please use conference replay entry code 10157724 . U.S.: 1.877.344.7529 Canada: 1.855.669.9658 Other international locations: +1.412.317.0088 About Owens Corning Owens Corning is a global building and industrial materials leader. The company’s three integrated businesses are dedicated to
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