06 August, 2024
Owens Corning Delivers Net Sales of $2.8 Billion; Generates Net Earnings of $285 Million and Adjusted EBIT of $588 Million
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Owens Corning (NYSE: OC), a global residential and commercial building products leader, today reported second-quarter 2024 results. These results include performance of the company’s newly added Doors segment, which was established following the May 15 acquisition of Masonite International Corporation, a leading provider of doors and door systems. Reported Net Sales of $2.8 Billion, a 9% Increase from Prior Year, with Newly Acquired Doors Business Contributing $311 Million in Revenue Generated Net Earnings Margin of 10%, Adjusted EBIT Margin of 21%, and Adjusted EBITDA Margin of 27% Delivered Diluted EPS of $3.24 and Adjusted Diluted EPS of $4.64 Produced Operating Cash Flow of $493 Million and Free Cash Flow of $336 Million Returned $52 Million to Shareholders through Dividends “Owens Corning delivered another outstanding quarter, generating strong margins and cash flow while completing the acquisition of Masonite and continuing our review of glass reinforcements,” said Chair and
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08 July, 2024
Owens Corning to Announce Second-Quarter Financial Results on August 6
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Owens Corning (NYSE: OC) is scheduled to announce its second-quarter financial results on Tuesday, August 6, 2024, 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://events.q4inc.com/attendee/391039233 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 688625. U.S.: 1.833.470.1428 Canada: 1.833.950.0062 Other international locations: +1.404.975.4839 Telephone replay Telephone replay will be available one hour after the end of the call through Tuesday, August 13, 2024. Please use conference replay entry code 158425. U.S.: 1.866.813.9403 Canada: 1.226.828.7578 Other international locations: +1.929.458.6194 About Owens Corning Owens Corning is a global building and construction materials leader committed to building a sustainable future through material innovation. Our
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20 June, 2024
Owens Corning Declares Second-Quarter 2024 Dividend
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Owens Corning (NYSE: OC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.60 per common share. The dividend will be payable on August 2, 2024, to shareholders of record as of July 15, 2024. 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 four integrated businesses – Roofing, Insulation, Doors, and Composites – 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 more than 25,000 employees in 31 countries dedicated to generating value for our customers and shareholders
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