02 November, 2022
Owens Corning Advances Toward Circular Economy Aspiration with Enhanced Shingle Recycling Efforts; Company to Partner in Asphalt Shingle Recycling Pilot
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Owens Corning (NYSE: OC) today took an important step toward reaching its circular economy aspiration with the announcement of enhanced shingle recycling efforts. By 2030, the company intends to recycle two million tons of shingles per year in the U.S. “Owens Corning has a strong sustainability foundation and has set ambitious goals. This includes establishing circular economy business models that ensure materials in our products remain in the economy indefinitely. We are focused on bringing these breakthrough solutions to life as a critical next chapter of work in our sustainability journey,” said David Rabuano, Senior Vice President and Chief Sustainability Officer. “Our mission is to build a sustainable future through material innovation, and with this enhanced focus on shingle recycling we continue to make progress.” The company has launched workstreams focused on two methods of shingle recycling: recycling shingles into new shingles and recycling shingles into asphalt pavement.
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26 October, 2022
Owens Corning Delivers Net Sales of $2.5 Billion; Generates Net Earnings of $470 Million and Adjusted EBIT of $487 Million
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Owens Corning (NYSE: OC), a global building and construction materials leader, today reported third-quarter 2022 results. Reported Net Sales Increase of 14% to $2.5 Billion Expanded Adjusted EBIT Margins to 19% and Adjusted EBITDA Margins to 24% Delivered Diluted EPS of $4.84 and Adjusted Diluted EPS of $3.57 Generated Operating Cash Flow of $461 Million and Free Cash Flow of $367 Million Returned $239 Million of Free Cash Flow to Shareholders through Dividends and Share Repurchases “Owens Corning sustained its strong performance and delivered another outstanding quarter despite shifting market conditions. The resilience of our global teams and disciplined execution of our enterprise strategy continue to drive our success and create value for our customers and our shareholders," said Chair and Chief Executive Officer Brian Chambers. "We are well positioned to deliver on our financial commitments and invest in our businesses to strengthen our company for the future." Enterprise
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05 October, 2022
Owens Corning to Announce Third-Quarter Financial Results on October 26
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Owens Corning (NYSE: OC) is scheduled to announce its third-quarter financial results on Wednesday, October 26, 2022, 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/120745403 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 201580 . U.S.: 1.844.200.6205 Canada: 1.833.950.0062 Other international locations: +1.929.526.1599
Telephone replay Telephone replay will be available one hour after the end of the call through Wednesday, November 2, 2022. Please use conference replay entry code 864940 . U.S.: 1.866.813.9403 Canada: 1.226.828.7578 Other international locations: +44 204.525.0658
About Owens Corning Owens Corning is a global building and construction materials leader committed to building a sustainable future through
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