Articles from Owens Corning

Owens Corning (NYSE: OC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.69 per common share, a 15% increase compared to the prior quarterly dividend. The dividend will be payable on January 17, 2025, to shareholders of record as of January 6, 2025.

Owens Corning (NYSE: OC) announced today that Michelle Collins, former Vice Chair, Senior Audit Partner, and National Automotive Sector Leader for Deloitte & Touche LLP, has been elected to the company’s Board of Directors. She has been appointed to serve on the Audit Committee and Finance Committee. In addition, W. Howard Morris has announced that he will not stand for re-election at the company’s next Annual Meeting of Stockholders.

Owens Corning (NYSE: OC), a residential and commercial building products leader, today reported third-quarter 2024 results.

Owens Corning (NYSE: OC) today announced its 2025 Shingle Color of the Year: “Merlot.” A complex yet welcoming, on-trend alternative to conventional red, the shingle color balances shades of warm gray, oaky brown, and spiced sienna with deep crimson and earthy purple undertones.

Owens Corning (NYSE: OC) has been recognized by 3BL as one of the 100 Best Corporate Citizens of 2024. Ranked fourth overall among the largest public companies in the U.S., Owens Corning earned the recognition for its environmental, social, and governance (ESG) transparency and performance.

Owens Corning (NYSE: OC) is scheduled to announce its third-quarter financial results on Wednesday, November 6, 2024, 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.

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 November 4, 2024, to shareholders of record as of October 18, 2024.

Composites experts from Owens Corning (NYSE: OC) will showcase the power of composites to “Make More Possible” at CAMX 2024, Sept. 9-12, in San Diego, Calif.

Owens Corning (NYSE: OC), a global residential and commercial building products leader, today reported second-quarter 2024 results. These results include performance of the company’s newly added Doors segment, which was established following the May 15 acquisition of Masonite International Corporation, a leading provider of doors and door systems.

Owens Corning (NYSE: OC) is scheduled to announce its second-quarter financial results on Tuesday, August 6, 2024, 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.

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 August 2, 2024, to shareholders of record as of July 15, 2024.

Owens Corning (NYSE: OC) today announced that, in connection with the previously announced exchange offer (the “Exchange Offer”) by Owens Corning and consent solicitation (the “Consent Solicitation”) by Masonite International Corporation (“Masonite”), it has elected to have an Early Settlement Date of May 22, 2024 (the “Early Settlement Date”).

Owens Corning (NYSE: OC) today announced it has completed its acquisition of Masonite International Corporation (“Masonite”), a leading global provider of interior and exterior doors and door systems. All outstanding Masonite common shares have been acquired by Owens Corning for $133.00 per share, with an implied transaction value of approximately $3.9 billion.

Owens Corning (NYSE: OC), a leader in global building and construction materials, and Masonite International Corporation (“Masonite”) (NYSE: DOOR), a leading global provider of interior and exterior doors and door systems, today announced that, in connection with the previously announced exchange offer (the “Exchange Offer”) by Owens Corning and consent solicitation (the “Consent Solicitation”) by Masonite, the requisite consents to adopt the proposed amendments described in the Statement (as defined below) (the “Proposed Amendments”) to the indenture (the “Masonite Indenture”) governing Masonite’s 3.50% Senior Notes due 2030 (the “Existing Masonite Notes”) have been received as of 5:00 p.m., New York City time, on May 14, 2024 (the “Withdrawal Deadline”). As a result, Masonite, the guarantors party thereto and the trustee under the Masonite Indenture (the “Masonite Trustee”) will promptly execute a supplemental indenture to the Masonite Indenture containing the Proposed Amendments. As previously announced, Owens Corning, MT Acquisition Co ULC, a wholly owned subsidiary of Owens Corning (“Purchaser”), and Masonite have entered into an Arrangement Agreement, dated as of February 8, 2024 (as it may be amended, the “Arrangement Agreement”), providing for, among other things and subject to the terms and conditions of the Arrangement Agreement, the acquisition of all of Masonite’s issued and outstanding common shares by Purchaser (the “Arrangement”).

Owens Corning (NYSE: OC), a leader in global building and construction materials, and Masonite International Corporation (“Masonite”) (NYSE: DOOR), a leading global provider of interior and exterior doors and door systems, today announced that, in connection with the previously announced tender offer (the “Tender Offer”) by Owens Corning and consent solicitation (the “Consent Solicitation”) by Masonite, they have extended the expiration time with respect to the Tender Offer and Consent Solicitation from 5:00 p.m., New York City time, on May 13, 2024 to 5:00 p.m., New York City time, on May 14, 2024 (as the same may be further extended, the “Expiration Time”), and that they have further extended the early participation deadline from 5:00 p.m., New York City time, on May 13, 2024 to 5:00 p.m., New York City time, on May 14, 2024 (as the same may be further extended, the “Early Participation Deadline”). All other terms of the Tender Offer and Consent Solicitation remain as set forth in the Statement (as defined below). As previously announced, the requisite consents have been received to adopt certain amendments to the indenture (the “Masonite Indenture”) governing the notes issued by Masonite subject to the Tender Offer and Consent Solicitation (the “Masonite Notes”) to eliminate certain of the covenants, restrictive provisions and events of default from such indenture (the “Proposed Amendments”).

Owens Corning (NYSE: OC), a leader in global building and construction materials, and Masonite International Corporation (“Masonite”) (NYSE: DOOR), a leading global provider of interior and exterior doors and door systems, today announced that Owens Corning has commenced an offer to exchange (the “Exchange Offer”) any and all outstanding 3.50% Senior Notes due 2030 issued by Masonite (the “Existing Masonite Notes”) for new notes to be issued by Owens Corning as set forth below (the “New Owens Corning Notes”), in connection with Owens Corning’s anticipated acquisition of Masonite. In conjunction with the Exchange Offer, Masonite is soliciting consents (the “Consent Solicitation”) to adopt certain proposed amendments to the indenture governing the Existing Masonite Notes (the “Existing Masonite Indenture”) to eliminate certain of the covenants, restrictive provisions and events of default from such indenture (collectively, the “Proposed Amendments”).

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 Antitrust Improvements Act of 1976 (the “HSR Act”) in connection with the company’s previously announced acquisition of Masonite International Corporation (“Masonite”) (NYSE: DOOR). The expiration of the waiting period occurred at 11:59 p.m. on April 26, 2024.

Owens Corning (NYSE: OC), a leader in global building and construction materials, and Masonite International Corporation (“Masonite”) (NYSE: DOOR), a leading global provider of interior and exterior doors and door systems, today announced that, in connection with the previously announced tender offer (the “Tender Offer”) by Owens Corning and consent solicitation (the “Consent Solicitation”) by Masonite, they have extended the early participation deadline with respect to the Tender Offer and Consent Solicitation from 5:00 p.m., New York City time, on April 26, 2024 to 5:00 p.m. New York City time, on May 13, 2024, which is the same time and date as the Expiration Time (as defined below) of the Tender Offer and Consent Solicitation.

Owens Corning (NYSE: OC), a global building and construction materials leader, today reported first-quarter 2024 results.

Owens Corning (NYSE: OC), a leader in global building and construction materials, and Masonite International Corporation (“Masonite”) (NYSE: DOOR), a leading global provider of interior and exterior doors and door systems, today announced that Owens Corning has commenced an offer to purchase for cash (the “Tender Offer”) any and all outstanding 5.375% Senior Notes due 2028 issued by Masonite (the “Masonite Notes”) in connection with Owens Corning’s anticipated acquisition of Masonite. In conjunction with the Tender Offer, Masonite is soliciting consents (the “Consent Solicitation”) to adopt certain proposed amendments to the indenture governing the Masonite Notes (the “Masonite Indenture”) to eliminate certain of the covenants, restrictive provisions and events of default from such indenture (collectively, the “Proposed Amendments”).

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 will host a call to discuss its financial results at 9 a.m. ET the same day.

Owens Corning (NYSE: OC) today published its 2023 Sustainability Report, Making the Difference, outlining the company’s progress toward its 2030 sustainability goals.

Owens Corning (NYSE: OC), a global building and construction materials leader, today reported fourth-quarter and full-year 2023 results.

Owens Corning (NYSE: OC), a leader in global building and construction materials, and Masonite International Corporation (“Masonite”) (NYSE: DOOR), a leading global provider of interior and exterior doors and door systems, today announced they have entered into a definitive agreement under which Owens Corning will acquire all outstanding shares of Masonite for $133.00 per share in cash, representing an approximate 38% premium to Masonite’s closing share price on February 8, 2024 and an approximate 46% premium to Masonite’s 20-day volume-weighted average price. The implied transaction value is approximately $3.9 billion, implying a purchase multiple of approximately 8.6x 2023E adjusted EBITDA2 or 6.8x when including synergies of $125 million.

Owens Corning (NYSE: OC), a global building and construction materials leader, today announced that the company has decided to review strategic alternatives for its global glass reinforcements (GR) business. The decision to explore alternatives for the GR business is consistent with the company’s strategy to focus on building and construction materials.