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The Latest Breaking News from Owens Corning

Owens Corning Q1 Results Beat Expectations

Owens Corning (NYSE:OC) reported first-quarter FY22 net sales growth of 23% year-over-year to $2.34 billion, beating the consensus of $2.23 billion. Sales by segments: Composites $714 million (+28% Y/Y), Insulation $859 million (+23% Y/Y), and Roofing $838 million (+18% Y/Y). Adjusted EPS was $2.84 (+59% Y/Y), beating the consensus of $2.43. Gross…

Benzinga · Apr 27, 2022

Owens Corning Agrees To Acquire WearDeck For Undisclosed Sum

Owens Corning Agrees To Acquire WearDeck For Undisclosed Sum

Owens Corning (NYSE:OC) has agreed with JR Plastics Corporation to acquire WearDeck, a composite decking, and structural lumber manufacturer. Deal terms were not disclosed. The acquisition supports OC’s strategy to strengthen its position in building and construction products. WearDeck products offer a durable solution for weather-resistant decking. WearDeck employs about 100 people…

Benzinga · Apr 25, 2022

10 Biggest Price Target Changes For Friday

10 Biggest Price Target Changes For Friday

Goldman Sachs reduced the price target on Coinbase Global, Inc. (NASDAQ: COIN) from $250 to $240. Coinbase shares rose 0.2% to $166.50 in pre-market trading.

Benzinga · Apr 8, 2022

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Wells Fargo Bumps Up Owens Corning Price Target By 7%

Wells Fargo analyst Deepa Raghavan raised the price target on Owens Corning (NYSE:OC) to $105 (an upside of 7.6%) from $98 and maintained an Equal Weight rating on the shares. The analyst believes stock reaction is well deserved. Raghavan says that the shares' outperformance is likely reflective of strong outlooks, in keeping with recent themes…

Benzinga · Feb 17, 2022

Owens Corning Stock Surges As Q4 Results Surpass Estimates; Boosts Buyback

Owens Corning (NYSE:OC) reported fourth-quarter FY21 net sales growth of 10.7% year-over-year to $2.13 billion, beating the consensus of $2.04 billion. Sales by segments: Composites $608 million (+11% Y/Y), Insulation $863 million (+19% Y/Y), and Roofing $712 million (+1% Y/Y). Adjusted EPS was $2.20 (+16% Y/Y), beating the consensus of $1.91. The gross margin…

Benzinga · Feb 16, 2022

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