Latest news with #OwensCorning
Yahoo
15 hours ago
- Business
- Yahoo
Owens Corning Declares Second-Quarter 2025 Dividend
TOLEDO, Ohio, June 19, 2025--(BUSINESS WIRE)--Owens Corning (NYSE: OC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.69 per common share. The dividend will be payable on August 7, 2025, to shareholders of record as of July 21, 2025. 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 building products leader committed to building a sustainable future through material innovation. Our products provide durable, sustainable, energy-efficient solutions that leverage our unique capabilities and market-leading positions 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 and making a difference in the communities where we work and live. Founded in 1938 and based in Toledo, Ohio, USA, Owens Corning posted 2024 sales of $11.0 billion. For more information, visit Owens Corning Company News / Owens Corning Investor Relations News View source version on Contacts Media Relations: Megan James419.348.0768 Investor Relations: Amber Wohlfarth419.248.5639 Sign in to access your portfolio
Business Wire
16 hours ago
- Business
- Business Wire
Owens Corning Declares Second-Quarter 2025 Dividend
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.69 per common share. The dividend will be payable on August 7, 2025, to shareholders of record as of July 21, 2025. 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 building products leader committed to building a sustainable future through material innovation. Our products provide durable, sustainable, energy-efficient solutions that leverage our unique capabilities and market-leading positions 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 and making a difference in the communities where we work and live. Founded in 1938 and based in Toledo, Ohio, USA, Owens Corning posted 2024 sales of $11.0 billion. For more information, visit
Yahoo
12-06-2025
- Business
- Yahoo
Owens Corning (OC) Dips More Than Broader Market: What You Should Know
Owens Corning (OC) ended the recent trading session at $137.72, demonstrating a -1.47% swing from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.27%. Heading into today, shares of the construction materials company had lost 1.98% lagging the Construction sector's gain of 3.59% and the S&P 500's gain of 6.9%. Analysts and investors alike will be keeping a close eye on the performance of Owens Corning in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $3.8, reflecting a 18.1% decrease from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $2.7 billion, indicating a 3.03% downward movement from the same quarter last year. For the full year, the Zacks Consensus Estimates are projecting earnings of $13.24 per share and revenue of $10.38 billion, which would represent changes of -16.78% and -5.46%, respectively, from the prior year. It is also important to note the recent changes to analyst estimates for Owens Corning. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 3.74% downward. Right now, Owens Corning possesses a Zacks Rank of #4 (Sell). Valuation is also important, so investors should note that Owens Corning has a Forward P/E ratio of 10.55 right now. This denotes a discount relative to the industry average Forward P/E of 16.4. We can also see that OC currently has a PEG ratio of 3.69. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Building Products - Miscellaneous industry had an average PEG ratio of 1.75. The Building Products - Miscellaneous industry is part of the Construction sector. With its current Zacks Industry Rank of 69, this industry ranks in the top 29% of all industries, numbering over 250. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Make sure to utilize to follow all of these stock-moving metrics, and more, in the coming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Owens Corning Inc (OC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
11-06-2025
- Business
- Yahoo
Investors Heavily Search Owens Corning Inc (OC): Here is What You Need to Know
Owens Corning (OC) is one of the stocks most watched by visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Over the past month, shares of this construction materials company have returned -2%, compared to the Zacks S&P 500 composite's +6.9% change. During this period, the Zacks Building Products - Miscellaneous industry, which Owens Corning falls in, has gained 3.4%. The key question now is: What could be the stock's future direction? Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. For the current quarter, Owens Corning is expected to post earnings of $3.80 per share, indicating a change of -18.1% from the year-ago quarter. The Zacks Consensus Estimate has changed -3.6% over the last 30 days. For the current fiscal year, the consensus earnings estimate of $13.24 points to a change of -16.8%. from the prior year. Over the last 30 days, this estimate has changed -3.7%. For the next fiscal year, the consensus earnings estimate of $14.07 indicates a change of +6.2% from what Owens Corning is expected to report a year ago. Over the past month, the estimate has changed -1.2%. With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for Owens Corning. The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth. For Owens Corning, the consensus sales estimate for the current quarter of $2.7 billion indicates a year-over-year change of -3%. For the current and next fiscal years, $10.38 billion and $10.5 billion estimates indicate -5.5% and +1.2% changes, respectively. Owens Corning reported revenues of $2.53 billion in the last reported quarter, representing a year-over-year change of +10%. EPS of $2.97 for the same period compares with $3.59 a year ago. Compared to the Zacks Consensus Estimate of $2.52 billion, the reported revenues represent a surprise of +0.54%. The EPS surprise was +5.32%. The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period. Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects. Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is. The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued. Owens Corning is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade. The facts discussed here and much other information on might help determine whether or not it's worthwhile paying attention to the market buzz about Owens Corning. However, its Zacks Rank #4 does suggest that it may underperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Owens Corning Inc (OC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Globe and Mail
02-06-2025
- Business
- Globe and Mail
OEM Insulation Market Business Growth, Development Factors, Current and Future Trends till 2030
The OEM Insulation Market is witnessing steady growth driven by rising demand across automotive, appliances, and industrial sectors. Innovation in energy-efficient materials and regulations on thermal performance boost adoption. Key players include Owens Corning, Saint-Gobain, Armacell, Johns Manville, and Knauf Insulation. The OEM Insulation market is anticipated to grow from USD 17.99 billion in 2024 to USD 24.80 billion by 2030, at a CAGR of 5.5% during the forecast market research report covers critical elements such as market dynamics, competitive environments, OEM Insulation market growth opportunities, challenges, and regional differences. Increasing power and energy requirements in emerging economies and stringent regulations mandating insulation materials for energy conservation drive the OEM insulation market. Many HVAC equipment manufacturers are focusing on bringing technical advancements of HVAC equipment used in the construction sector, driving the global OEM insulation market. Another factor driving the growth of the OEM insulation market is the large number of public transport vehicles adopting air-conditioned technology. Governments of various countries are now adopting an integrated approach to conserve energy and implementing an energy management system, which varies according to traffic and environmental conditions. Download PDF Brochure: By Material Type, the Polyurethane Foam (PUF) segment is estimated to account for the largest share of the OEM Insulation market by value in 2023 The Polyurethane Foam (PUF) segment is estimated to hold the maximum revenue share of the OEM insulation market based on OPE values projected to grow with prompt advancement owing to its thermal insulation properties, weightlessness, and flexibility, which make it used in almost every sector—automotive, construction, appliances, and industrial equipment are amongst them—and the expected EPSret underway. PUF offers high energy efficiency by lowering heat transfer for heat barrier applications. In the automotive segment, PUF is often used for heating, ventilation, and air conditioning system insulation, which aids in noise reduction and accommodates passenger comfort. It's also highly adaptable for diverse forms and sizes, perfect for intricate design criteria. Due to the growing environmental regulations, PUF insulates walls, roofs, and floors due to the necessity of building energy-efficient structures in the construction industry. Additionally, polyurethane formulations have continued to improve with, for example, the addition of low-global warming potential blowing agents, and the resulting PUF has emerged as one of the most environmentally friendly solutions, with that reason being its adoption. PUF remains exclusive in the OEM insulation market due to its unrivaled R-value, strength, ease of application as spray or injection, and overall cost-effectiveness and sustainability. Transportation is projected to be the fastest-growing segment of the OEM Insulation market by value by end-use during the forecast period. Overall, the value-based OEM insulation market in the transportation sector is projected to grow at the fastest CAGR during the forecast period. This is driven by high demand for energy-efficient and lightweight vehicles, stringent government emission regulations, and passenger comfort/safety awareness. Almost all automotive, aerospace, marine, and rail industries use insulation materials in high volumes since they impact end performance from a thermal management, noise reduction, and vibration control standpoint. The automobile market, where electric vehicle (EV) production is going through exponential demand growth, is one of the significant factors driving advanced insulation solution requirements. To support this, EVs have required highly selective heat management to keep the batteries safe, charged, and functional for passenger safety. This has driven the penetration of high-performance polyurethane foam or polyisocyanurate insulation materials. Similarly, aerospace needs lightweight insulation material for fireproofing to meet performance and safety standards in stricter industries. As part of it all, the increasing preference for sustainable transportation solutions has also resulted in market growth through the helping hand of ecologically insulation materials. Moreover, rapid urbanization and public transportation infrastructure investments in emerging markets across the Asia Pacific are expected to create positive prospects for OEM Insulation manufacturers. This cocktail of regulatory and commercial pressures and technological progress is the reason for such strong growth in the transport segment. By region, Europe is estimated to account for the largest segment of the OEM Insulation market in 2023. Europe became the largest segment of the OEM insulation market in 2023, enhanced by strict regulatory requirements, a solid industrial base, and increasing emphasis on environmental factors. The European environmental initiatives and programs on climate, culminating into the EU Green Deal, played a significant part in shaping heightened demand for advanced insulation solutions in sectors such as automotive, aerospace, construction and HVAC that require these solutions. Industries are gearing up to make use of energy-efficient insulation to make sure their constructions are up to new energy performance standards and to minimize their respective carbon footprints. The automotive sector has been the driving force behind the increase in the OEM market for insulation, particularly the increasing demand for electric vehicles (EV). Insulatory materials are foundational for enabling thermal matters effectively to increase battery efficiency and control the noise levels in EVs. Correspondingly, Europe's aerospace industry has always been in need of lightweight fireproof insulations to enhance fuel efficiency and comply with stringent safety and environmental regulations. With Europe taking initiatives in R&D and innovation, Europe has provided the platform for developing green and high-performance densities. The OEM insulation continuum in Europe has been reinforced by key insulator suppliers and technological advancements remaining present. Europe is now expected to hold on to its dominant market position in OEM insulation as sustainability becomes an increasingly central consideration. OEM Insulation Companies The major players operating in the OEM Insulation market include Covestro AG (Germany), Owens Corning Corp. (US), Rockwool International A/S (Denmark), Saint-Gobain ISOVER (France), Knauf Insulation (US), Huntsman Corporation (US), Armacell International S.A. (Luxembourg), Aspen Aerogels Inc. (US), Johns Manville Corporation (US), Kingspan Group (Ireland), China Jushi Co. Ltd. (China), and Rogers Corporation (US) are the key players in the market. Covestro AG (Germany) Covestro AG is a prominent producer and supplier of high-quality polymers and polyurethane foams. Covestro AG is a Bayer subsidiary established in 2015, formerly known as Bayer Material Science. With a primary focus on producing advanced polymer materials and creating cutting-edge solutions for daily usage, it is involved in various commercial endeavors. Owens Corning (US) Owens Corning, a global insulation manufacturing company, provides thermal and acoustic products at high, mid, and low temperatures. Insulation, Composites, and Roofing comprise the organization's three segments. It offers insulation solutions to the commercial, industrial, and residential sectors. The organization provides thermal and acoustic products for appliances, including the range/oven, dishwasher, and laundry, through the OC appliances application. It provides insulation for various markets, including commercial interiors (wall panels), HVAC equipment, and water heaters. Additionally, the organization provides residential insulation, including formula XPS insulation, mineral wool insulation, and fiberglass insulation. Its applications encompass basement insulation, air distribution, ceiling, floor, and wall insulation. Owens Corning distributes its insulation products in the United States, Canada, Europe, Asia Pacific, and Latin America, and it operates in 31 countries. It operates manufacturing facilities in the United States, Mexico, and China, as well as fabrication facilities in the United States, Mexico, Italy, and Poland. Rockwool A/S (Denmark) ROCKWOOL A/S manufactures a broad range of insulation products for the insulation industry. The company's products are based on premium and innovative stone wool technology. It generates revenue from five brands: ROCKWOOL, Rockfon, Rockpanel, Lapinus, and Grodan. SAINT GOBAIN ISOVER (France) Saint-Gobain is a global manufacturer and distributor of insulation materials. It provides technical insulation materials through its subsidiaries, ISOVER and Izocam (Istanbul, Turkey). The company is an insulation sub-brand of the Saint-Gobain Group and the world's leading supplier of sustainable insulation solutions for various markets in buildings, transportation, and industrial applications. It also caters to applications in process, marine, and horticultural industries. ISOVER offers technical insulation products used in boilers, ovens, and pipework under the construction products segment. About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
