TOLEDO, Ohio--(BUSINESS WIRE)--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 demonstrated outstanding financial and sustainability results in 2023, showcasing the power of our company’s mission to build a sustainable future through material innovation,” said Board Chair and Chief Executive Officer Brian Chambers. “ This report reflects the global scope of our people and o ...

A month has gone by since the last earnings report for Owens Corning (OC) . Shares have added about 10.8% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Owens Corning due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Owens Corning Q4 Earnings & Net Sales Beat Estimat ...

In the latest trading session, Owens Corning (OC) closed at $162.37, marking a +1.79% move from the previous day. The stock's change was more than the S&P 500's daily loss of 0.19%. Meanwhile, the Dow gained 0.1%, and the Nasdaq, a tech-heavy index, lost 0.54%.Prior to today's trading, shares of the construction materials company had gained 8.48% over the past month. This has outpaced the Construction sector's gain of 6.64% and the S&P 500's gain of 3.18% in that time.The investment community will be paying ...

Owens Corning (OC) closed the latest trading day at $149.78, indicating a -0.08% change from the previous session's end. This move lagged the S&P 500's daily gain of 0.52%. On the other hand, the Dow registered a gain of 0.12%, and the technology-centric Nasdaq increased by 0.9%.Shares of the construction materials company have depreciated by 1.08% over the course of the past month, underperforming the Construction sector's gain of 9.43% and the S&P 500's gain of 3.85%.Analysts and investors alike will be k ...

If you invest $1,000 in a few stocks, buying into companies you will likely hold for a while makes sense to avoid trading costs eating into your returns. Moreover, a decent dividend from a stock will pay for the trading costs and return more than you might get from a bank while you wait for long-term capital appreciation.In this context, buying into stocks that benefit when the Federal Reserve ultimately starts cutting interest rates is a good idea, and I think Whirlpool (WHR -0.18%), Owens Corning (OC 0.66 ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-a ...

Owens Corning (OC) reported better-than-expected results for fourth-quarter 2023. Both earnings and net sales surpassed the Zacks Consensus Estimate and increased on a year-over-year basis.Owens Corning's shares plunged 2.7% on Feb 14, after the earnings release.Chair and chief executive officer of OC, Brian Chambers, said, “Looking ahead, we will continue to focus on delivering outstanding results in the near-term as we execute the strategic moves announced last week which will further strengthen our leade ...

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 ...