Owens Corning Inc (OC)
191.40 -2.97 (-1.53%)
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 Announces 15% Dividend Increase
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.
By Owens Corning · Via Business Wire · December 5, 2024
Owens Corning Elects Michelle Collins to Board of Directors; W. Howard Morris to Not Stand for Re-election
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.
By Owens Corning · Via Business Wire · December 4, 2024
Owens Corning Delivers Net Sales of $3.0 Billion; Generates Net Earnings of $321 Million and Adjusted EBIT of $582 Million
Owens Corning (NYSE: OC), a residential and commercial building products leader, today reported third-quarter 2024 results.
By Owens Corning · Via Business Wire · November 6, 2024
Owens Corning Toasts the 2025 Shingle Color of the Year: Merlot
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.
By Owens Corning · Via Business Wire · October 22, 2024
Owens Corning Named to the 100 Best Corporate Citizens of 2024
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.
By Owens Corning · Via Business Wire · October 10, 2024
Owens Corning to Announce Third-Quarter Financial Results on November 6
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.
By Owens Corning · Via Business Wire · October 9, 2024
Owens Corning Declares Third-Quarter 2024 Dividend
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.
By Owens Corning · Via Business Wire · September 19, 2024
Owens Corning to Showcase the Power of Composites to ‘Make More Possible’ at CAMX 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.
By Owens Corning · Via Business Wire · September 9, 2024
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Owens-Corning Stock: Good Value or Recession Red Flag?
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Owens Corning Delivers Net Sales of $2.8 Billion; Generates Net Earnings of $285 Million and Adjusted EBIT of $588 Million
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.
By Owens Corning · Via Business Wire · August 6, 2024
Owens Corning to Announce Second-Quarter Financial Results on August 6
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.
By Owens Corning · Via Business Wire · July 8, 2024
Owens Corning Declares Second-Quarter 2024 Dividend
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.
By Owens Corning · Via Business Wire · June 20, 2024
Owens Corning Announces Early Settlement Date for Exchange Offer and Consent Solicitation
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”).
By Owens Corning · Via Business Wire · May 20, 2024
Owens Corning Completes Acquisition of Masonite, Strengthening Leadership in Building and Construction Materials
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.
By Owens Corning · Via Business Wire · May 15, 2024
Owens Corning and Masonite Announce Successful Results of Early Participation in and Amend the Terms of Exchange Offer and Consent Solicitation
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”).
By Owens Corning · Via Business Wire · May 14, 2024
Owens Corning and Masonite Announce the Extension of the Expiration Time and Early Participation Deadline for Tender Offer and Consent Solicitation
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”).
By Owens Corning · Via Business Wire · May 13, 2024
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Owens Corning Commences Exchange Offer and Masonite Commences Consent Solicitation
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”).
By Owens Corning · Via Business Wire · May 1, 2024
Owens Corning Announces Expiration of Hart-Scott-Rodino Waiting Period for Planned Acquisition of Masonite
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.
By Owens Corning · Via Business Wire · April 29, 2024
Owens Corning and Masonite Extend Early Participation Deadline and Announce Successful Results of Early Participation in Tender Offer and Consent Solicitation
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.
By Owens Corning · Via Business Wire · April 26, 2024
Owens Corning Delivers Net Sales of $2.3 Billion; Generates Net Earnings of $299 Million and Adjusted EBIT of $438 Million
Owens Corning (NYSE: OC), a global building and construction materials leader, today reported first-quarter 2024 results.
By Owens Corning · Via Business Wire · April 24, 2024
Owens Corning Commences Tender Offer and Masonite Commences Consent Solicitation
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”).
By Owens Corning · Via Business Wire · April 15, 2024
Owens Corning to Announce First-Quarter Financial Results on April 24
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.
By Owens Corning · Via Business Wire · April 3, 2024