Owens Corning (OC) is capitalizing on strong demand for its Roofing business along with ongoing product innovation and effective pricing strategies. Additionally, OC is benefiting from reduced input and manufacturing costs, further bolstering its profitability. Moreover, strategic initiatives and targeted acquisitions are reinforcing its market position and contributing to its overall success. Shares of this Toledo, OH-based building materials systems and composite solutions provider have rallied 64.6% over ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Earnings Outlook Set to Beat the Market? In ...

Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Has Owens Corning (OC) been one of those stocks this year? A quick glance at the company's year- to-date performance in comparison to the rest of the Construction sector should help us answer this question. Owens Corning is a member of the Construction sector. This group includes 95 individual stocks and currently holds a Zacks Sector Rank of #1. The Zacks Sector Rank includes 16 differen ...

Owens Corning (OC) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.The upward trend in estimate revisions for this construction materials company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation betwe ...

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Owens Corning (OC) reported impressive results in first-quarter 2024, with earnings and net sales surpassing the Zacks Consensus Estimate. Earnings increased on a year-over-year basis despite a net sales decline. Sales declined due to lower sales volumes in the Insulation and Composites segments. Owens Corning's shares dropped 1.4% on Apr 24 after the earnings release. Inside the Headlines The company reported adjusted earnings per share (EPS) of $3.59, which topped the consensus mark of $3.04 by 18.1% and ...

Owens Corning (NYSE:OC) Q1 2024 Earnings Conference Call April 24, 2024 9:00 AM ET Company Participants Amber Wohlfarth - Director, Investor Relations Brian Chambers - Board Chair, President, and Chief Executive Officer Todd Fister - Executive Vice President and Chief Financial Officer Conference Call Participants Matthew Bouley - Barclays Stephen Kim - Evercore Kathryn Thompson - Thompson Research Group John Lovallo - UBS Susan Maklari - Goldman Sachs Mike Dahl - RBC Capital Markets Keith Hughes - Truist G ...

16% Brian Chambers | Chair & Chief Executive Officer Todd Fister | Chief Financial Officer The terms "year to date" or last twelve months ("LTM") refer to the period ended on the last calendar day of the quarter preceding the date of the investor event referenced on the first page above. Otherwise, the information in this presentation speaks as of the date of the investor event and is subject to change. The Company assumes no obligation to update or revise forward-looking statements except as required by la ...

Owens Corning (OC) reported $2.3 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 1.3%. EPS of $3.59 for the same period compares to $2.77 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.26 billion, representing a surprise of +1.75%. The company delivered an EPS surprise of +18.09%, with the consensus EPS estimate being $3.04.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ 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 ...