Owens Corning (OC)
| Market Cap | 15.37B |
| Revenue (ttm) | 9.65B |
| Net Income (ttm) | 1.11B |
| Shares Out | 86.66M |
| EPS (ttm) | 12.39 |
| PE Ratio | 14.32 |
| Forward PE | 12.09 |
| Dividend | $2.40 (1.35%) |
| Ex-Dividend Date | Mar 1, 2024 |
| Volume | 427,454 |
| Open | 175.06 |
| Previous Close | 174.63 |
| Day's Range | 174.77 - 178.33 |
| 52-Week Range | 103.65 - 178.33 |
| Beta | 1.47 |
| Analysts | Buy |
| Price Target | 167.46 (-5.59%) |
| Earnings Date | Apr 24, 2024 |
About OC
Owens Corning manufactures and sells building and construction materials in the United States, Europe, the Asia Pacific, and internationally. It operates in three segments: Roofing, Insulation, and Composites. The Roofing segment manufactures and sells laminate and strip asphalt roofing shingles, oxidized asphalt materials, and roofing components used in residential and commercial construction, and specialty applications. This segment sells its products through distributors, home centers, and lumberyards, as well as to roofing contractors for b... [Read more]
Financial Performance
In 2023, Owens Corning's revenue was $9.68 billion, a decrease of -0.86% compared to the previous year's $9.76 billion. Earnings were $1.20 billion, a decrease of -3.63%.
Financial StatementsAnalyst Forecast
According to 15 analysts, the average rating for OC stock is "Buy." The 12-month stock price forecast is $167.46, which is a decrease of -5.59% from the latest price.
News
Owens Corning Commences Exchange Offer and Masonite Commences Consent Solicitation
TOLEDO, Ohio & TAMPA, Fla.--(BUSINESS WIRE)--Owens Corning (NYSE: OC), a leader in global building and construction materials, and Masonite International Corporation (“Masonite”) (NYSE: DOOR), a leadi...
Owens Corning Announces Expiration of Hart-Scott-Rodino Waiting Period for Planned Acquisition of Masonite
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC), a leader in global building and construction materials, today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitr...
Owens Corning and Masonite Extend Early Participation Deadline and Announce Successful Results of Early Participation in Tender Offer and Consent Solicitation
TOLEDO, Ohio & TAMPA, Fla.--(BUSINESS WIRE)--Owens Corning (NYSE: OC), a leader in global building and construction materials, and Masonite International Corporation (“Masonite”) (NYSE: DOOR), a leadi...
Owens Corning Delivers Net Sales of $2.3 Billion; Generates Net Earnings of $299 Million and Adjusted EBIT of $438 Million
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC), a global building and construction materials leader, today reported first-quarter 2024 results. Reported Net Sales of $2.3 Billion, in-line wit...
Owens Corning Commences Tender Offer and Masonite Commences Consent Solicitation
TOLEDO, Ohio & TAMPA, Fla.--(BUSINESS WIRE)--Owens Corning (NYSE: OC), a leader in global building and construction materials, and Masonite International Corporation (“Masonite”) (NYSE: DOOR), a leadi...
MASONITE INTERNATIONAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Masonite International Corporation – DOOR
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Masonite Interna...
Owens Corning to Announce First-Quarter Financial Results on April 24
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) is scheduled to announce its first-quarter financial results on Wednesday, April 24, 2024, before the New York Stock Exchange opens. The company...
Owens Corning Publishes 2023 Sustainability Report
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) today published its 2023 Sustainability Report, Making the Difference, outlining the company's progress toward its 2030 sustainability goals. “O...
Owens Corning Delivers Full-Year Net Sales of $9.7 Billion; Generates Earnings of $1.2 Billion and Adjusted EBIT of $1.8 Billion
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC), a global building and construction materials leader, today reported fourth-quarter and full-year 2023 results. Reported Net Sales of $9.7 Billi...
Owens Corning Buys Door Maker Masonite International for $3.9 Billion
Shares of Masonite International (DOOR) surged to an all-time high after the door maker struck a deal to be bought out by building and construction materials manufacturer Owens Corning (OC) for $3.9 b...
Owens Corning to Buy Masonite International in $3.9 Billion Deal
Owens Corning, a Toledo, Ohio, maker of building and construction materials, said the addition of Masonite's doors business creates a new growth platform.
Masonite's stock rockets toward its best day in 15 years after $3.9 billion buyout deal with Owens Corning
Shares of Masonite International Corp. DOOR, +1.42% rocketed 34% toward its best day in 15 years in premarket trading Friday, after the doors maker agreed to be acquired by construction materials comp...
Owens Corning Announces $3.9 Billion Acquisition of Masonite to Strengthen Position in Building and Construction Materials
TOLEDO, Ohio & TAMPA, Fla.--(BUSINESS WIRE)--Owens Corning (NYSE: OC), a leader in global building and construction materials, and Masonite International Corporation (“Masonite”) (NYSE: DOOR), a leadi...
Owens Corning Initiates Review of Strategic Alternatives for Glass Reinforcements Business as part of Transformative Move to Strengthen Position in Building and Construction Materials
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC), a global building and construction materials leader, today announced that the company has decided to review strategic alternatives for its glob...
Owens Corning Declares First-Quarter 2024 Dividend
TOLEDO, Ohio--(BUSINESS WIRE)--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 Ap...
Owens Corning to Announce Fourth-Quarter and Full-Year 2023 Financial Results on February 14
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) is scheduled to announce its fourth-quarter and full-year 2023 financial results on Wednesday, February 14, 2024, before the New York Stock Exch...
Owens Corning Earns Place on Dow Jones Sustainability World Index for 14th Consecutive Year
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) earned a place on the Dow Jones Sustainability World Index (DJSI World) for the 14th consecutive year and on the DJSI North America Index for th...
Owens Corning Announces 15% Dividend Increase
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) today announced that its Board of Directors has declared a fourth-quarter cash dividend of $0.60 per common share, a 15% increase compared to th...
Owens Corning's Philanthropic Roof Deployment Project Crosses Milestone of Providing 500 Free Roofs to U.S. Veterans
TOLEDO, Ohio--(BUSINESS WIRE)--More than 500 U.S. military veterans and their loved ones are protected from the elements under high-quality roofs provided to them at no cost through the Owens Corning ...
Home-builder stocks fall as lowest affordability in nearly 40 years offsets upbeat sales data
The home-builder sector suffered a broad selloff Wednesday as a rise in Treasury yields, which highlighted concerns over generationally low housing affordability, offset data showing a big beat in new...
Owens Corning Delivers Net Sales of $2.5 Billion; Generates Net Earnings of $337 Million and Adjusted EBIT of $518 Million
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC), a global building and construction materials leader, today reported third-quarter 2023 results. Reported Net Sales of $2.5 Billion, Similar to ...
Owens Corning Unveils 2024 Shingle Color of the Year: Williamsburg Gray
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) today unveiled “Williamsburg Gray” as the 2024 Shingle Color of the Year (SCOTY). Offering a modern take on conventional shades of gray, William...
Owens Corning Earns Top 10 Ranking on 2023 List of 100 Best Corporate Citizens
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) has been named to the annual 100 Best Corporate Citizens ranking by 3BL. This ranking recognizes outstanding environmental, social and governanc...
Owens Corning Reports Progress on Shingle Recycling Initiatives
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) continues to advance toward its aspiration to create a circular shingle economy and divert waste from landfills. The company announced today tha...
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