23 February, 2021
Owens Corning Named One of 2021 World’s Most Ethical Companies® by Ethisphere Institute
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Recognition Adds to Recent Company Distinctions for Excellence in Corporate Responsibility Owens Corning (NYSE: OC) has been recognized by the Ethisphere Institute as one of the 2021 World’s Most Ethical Companies. This marks the fourth consecutive year Owens Corning has been recognized with this honor. The company is one of only two honorees in the Construction and Building Materials industry, underscoring its commitment to leading with integrity and prioritizing ethical business practices. In 2021, the Ethisphere Institute honored 135 companies from 22 countries and 47 industries. The Ethisphere Institute is a global leader in defining and advancing the standards of ethical business practices. “Owens Corning is honored to again be recognized by the Ethisphere Institute for our uncompromising standards for ethical business practices,” said Chairman and Chief Executive Officer Brian Chambers. “Our inclusion on this distinguished list speaks to our company’s purpose and reflects the
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17 February, 2021
Owens Corning Reports Full-Year and Fourth-Quarter 2020 Results
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Company Delivered Net Sales of $7.1 Billion; Generated Record Operating Cash Flow of $1.1 Billion in 2020 Financial results demonstrated the company’s strength and resiliency in a challenging environment Roofing produced $591 million of EBIT with 22% EBIT margins Insulation delivered $250 million of EBIT with 10% EBIT margins Composites reported $165 million of EBIT with 8% EBIT margins Generated record free cash flow of $828 million and returned $396 million to shareholders Owens Corning (NYSE: OC) today reported consolidated net sales of $7.1 billion, a decrease of 1%, compared with 2019. Fourth-quarter 2020 consolidated net sales were $1.9 billion, an increase of 14%, compared with the same period in 2019. Full-year 2020 net loss attributable to Owens Corning was $383 million, or $3.53 per diluted share, compared with net earnings attributable to Owens Corning of $405 million, or $3.68 per diluted share, in 2019. The company’s 2020 results included non-cash pre-tax impairment
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05 February, 2021
Owens Corning Elects Paul Martin to Board of Directors
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Owens Corning (NYSE: OC) announced today that Paul E. Martin, former Senior Vice President and Chief Information Officer for Baxter International Inc., has been elected to the company’s Board of Directors. “We are pleased to welcome Paul to our Board of Directors,” said Brian Chambers, Chairman and Chief Executive Officer. “Along with his global business experience, Paul’s broad technology expertise will bring significant value and insights to our Board and company.” Mr. Martin served as Senior Vice President and Chief Information Officer for Baxter International Inc., a multinational healthcare company, from 2011 until his retirement in 2020. From 1999 to 2011, he held several senior management positions at Rexam plc (Rexam), a consumer packaging manufacturing company based in the U.K., including Chief Information Officer. Prior to that, Mr. Martin held information technology leadership positions at CIT Group Inc., BNSF Railway Company and Frito-Lay, Inc. Since 2017, Mr. Martin has
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