For the quarter ended December 2023, Owens Corning (OC) reported revenue of $2.3 billion, up 0.8% over the same period last year. EPS came in at $3.21, compared to $2.49 in the year-ago quarter.The reported revenue represents a surprise of +2.97% over the Zacks Consensus Estimate of $2.24 billion. With the consensus EPS estimate being $2.82, the EPS surprise was +13.83%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street exp ...

FOURTH-QUARTER AND FULL-YEAR 2023 RESULTS FORWARD-LOOKING STATEMENTS AND NON-GAAP MEASURES THE PINK PANTHER™ & © 1964-2024 Metro-Goldwyn-Mayer Studios Inc. All Rights Reserved. © 2024 Owens Corning. All Rights Reserved. 2 Owens Corning Delivers Full-Year Net Sales of $9.7 Billion; Generates Earnings of $1.2 Billion and Adjusted EBIT of $1.8 Billion | --- | --- | --- | --- | --- | --- | |----------------------------------|-----------------------------------|---------|---------|---------|---------| | Finished ...

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 Billion, Down Slightly from Prior Year Expanded 2023 Adjusted EBIT Margins to 19% and Adjusted EBITDA Margins to 24% Delivered Diluted EPS of $13.14 and Adjusted Diluted EPS of $14.42 Generated Operating Cash Flow of $1.7 Billion and Free Cash Flow of $1.2 Billion Returned $812 Million, or 68%, of Free Cas ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-33100 Owens Corning (Exact name of registrant as specified in its charter) Delaware 43-2109021 (State or other jurisdiction of incorporation or orga ...

Investors are always looking for stocks that are poised to beat at earnings season and Owens Corning (OC) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Owens Corning is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good ind ...

Analysts on Wall Street project that Owens Corning (OC) will announce quarterly earnings of $2.82 per share in its forthcoming report, representing an increase of 13.3% year over year. Revenues are projected to reach $2.24 billion, declining 2.1% from the same quarter last year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior to a company's earnin ...

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 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. The business, which operates within the company’s Composites segment, manufactures, fabricates, and sells glass fiber reinfo ...

Wall Street expects a year-over-year increase in earnings on lower revenues when Owens Corning (OC) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 14 ...

Owens Corning (OC) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this construction materials company have returned +5.4%, compared to the Zacks S&P 500 composite's +4.6% change. During this period, the Zacks Building Products - Miscellaneous industry, which Owens Corning falls in, has gained 5.6%. The key question now is: What could be the stock's futur ...

Have you been paying attention to shares of Owens Corning (OC) ? Shares have been on the move with the stock up 7.2% over the past month. The stock hit a new 52-week high of $155.74 in the previous session. Owens Corning has gained 5% since the start of the year compared to the 0.9% move for the Zacks Construction sector and the 3.6% return for the Zacks Building Products - Miscellaneous industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn' ...