16 September, 2021
Owens Corning Declares Third-Quarter 2021 Dividend
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Owens Corning (NYSE: OC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.26 per common share. The dividend will be payable on November 5, 2021, to shareholders of record as of October 22, 2021. Future dividend declarations will be made at the discretion of the Board of Directors and will be based on such factors as the company’s earnings, financial condition, cash requirements, future prospects and other factors. About Owens Corning Owens Corning is a global building and industrial materials leader. The company’s three integrated businesses are dedicated to the manufacture and advancement of a broad range of insulation, roofing and fiberglass composite materials. Leveraging the talents of 19,000 employees in 33 countries, Owens Corning provides innovative products and sustainable solutions that address energy efficiency, product safety, renewable energy, durable infrastructure, and labor productivity. These solutions provide a material
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03 August, 2021
Owens Corning Launches PINK Next Gen™ Fiberglas™ Insulation
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Advanced fiber technology provides advantages for building industry and homeowners Owens Corning (NYSE: OC), the company that invented fiberglass insulation, today announced its latest advancement: PINK Next Gen™ Fiberglas™ insulation. Featuring advanced fiber technology, this superior insulation solution enables up to 23% faster installation compared to our existing products. The advanced fiber technology of PINK Next Gen™ Fiberglas™ creates a tightly woven network of soft, fine fibers to form a super-resilient blanket of insulating micro-pockets. Leveraging several new technology innovations, the new product is safe for installers and residents and faster to install than competitive insulation products and spray foam insulation. Because no hazardous chemicals are required to be mixed on the install site, there is less potential for human error, increasing peace of mind for installers and residents. “Contractors today have high performance expectations and extremely tight timelines,”
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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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