Owens Corning is a global leader in building and industrial materials, specializing in the production of insulation, roofing, and composite materials. The company is known for its commitment to sustainability and innovation, delivering products that enhance energy efficiency and improve the durability of infrastructure. Owens Corning serves a diverse range of markets, including residential, commercial, and industrial sectors, providing solutions that help to create comfortable, energy-efficient, and aesthetically pleasing environments. Through its advanced technology and manufacturing processes, the company continues to play a critical role in the construction and material industries, focusing on quality and customer satisfaction.
Owens Corning trades at $200.21 per share and has stayed right on track with the overall market, gaining 13.5% over the last six months. At the same time, the S&P 500 has returned 13.5%.
The consequences of hurricanes like Helene and Milton are—typically—quickly shrugged aside by markets as one-off events. That is mostly correct. But not entirely so. For some companies, the revenue and earnings hits are “unrecoverable.”
Building and construction materials manufacturer Owens Corning (NYSE:OC) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 22.9% year on year to $3.05 billion. Its non-GAAP profit of $4.38 per share was 8.1% above analysts’ consensus estimates.
Milton's impact on Florida housing market: $1.7-2.5B hit, delays in construction & closings. Major builders like PulteGroup, Lennar, D.R. Horton have significant exposure in affected regions.
These 10 stocks had the biggest drop last week, with McKesson Corporation, BIO-TECHNE Corp, and Warner Bros. Discovery, Inc. being the worst performers.
Global temperatures continue breaking records in July 2024. This trend is caused by human impact on the climate and led to extreme weather events and potential investment opportunities in companies producing air-conditioning units.
Owens Corning Inc. reported a 9% growth in Q2 net sales, but beat consensus. Composites and Roofing sales down, Insulation up. Adjusted EPS and EBIT up, cash flow and dividend paid. Q3 expected to have low 20% sales growth and high teens EBIT margin. Newly acquired Doors Business contributed $311 million in revenue.
