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Owens Corning develops, manufactures and markets insulation, roofing, and fiberglass composites. It operates in three segments: Composites, Insulation, and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber, and manufactures and sells glass fiber products in the form of fabrics, non-wovens, and other specialized products. The Insulation segment manufactures and sells fiberglass insulation into residential, commercial, industrial, and other markets for thermal and acoustical applications. The Roofing segment manufactures and sells residential roofing shingles, oxidized asphalt materials, and roofing components used in residential and commercial construction, and specialty applications, as well as synthetic packaging materials.

TypePublic
Founded1938
HQToledo, US
Websiteowenscorning.com
Employee Ratings3.6

Latest Updates

Employees (est.) (Dec 2018)20,000(+18%)
Job Openings164
Revenue (FY, 2018)$7.1 B(+11%)
Share Price (Jan 2020)$64.8

Key People/Management at Owens Corning

Michael H. Thaman

Michael H. Thaman

Executive Chairman

Owens Corning Office Locations

Owens Corning has an office in Toledo
Toledo, US (HQ)
1 Owens Corning Pkwy
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Owens Corning Financials and Metrics

Owens Corning Revenue

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Owens Corning's revenue was reported to be $7.06 b in FY, 2018
USD

Revenue (Q3, 2019)

1.9b

Gross profit (Q3, 2019)

461.0m

Gross profit margin (Q3, 2019), %

24.5%

Net income (Q3, 2019)

150.0m

EBIT (Q3, 2019)

275.0m

Market capitalization (16-Jan-2020)

7.0b

Closing stock price (16-Jan-2020)

64.8

Cash (30-Sept-2019)

35.0m

EV

10.3b
Owens Corning's current market capitalization is $7 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

5.0b5.3b5.2b5.3b5.3b5.4b5.7b6.4b7.1b

Revenue growth, %

0%1%

Cost of goods sold

4.0b4.3b4.4b4.3b4.3b4.2b4.3b4.8b5.4b

Gross profit

956.0m1.0b797.0m966.0m976.0m1.2b1.4b1.6b1.6b
USDY, 2019

EV/EBIT

37.6 x

EV/CFO

17.3 x

Debt/Equity

0.7 x

Debt/Assets

0.3 x

Financial Leverage

2.2 x
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Owens Corning Acquisitions / Subsidiaries

Company NameDateDeal Size
Paroc GroupOctober 30, 2017€900 m
Pittsburgh CorningMay 15, 2017$560 m
InterWrapFebruary 24, 2016$450 m
ThermafiberJune 03, 2013
FiberTEK InsulationAugust 05, 2011
The Modulo /ParMur GroupSeptember 17, 2006$32 m
Asahi Glass - Composites BusinessDecember 08, 2005
Vitro FibrasFebruary 04, 2004
Northern ElastomericNovember 02, 1999
Fibreboard Corp.May 27, 1997
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Owens Corning Online and Social Media Presence

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Owens Corning Blogs

Mike Thaman to Retire as Executive Chairman of Owens Corning’s Board of Directors; Chief Executive Officer Brian Chambers Elected Chairman

Dateline City: TOLEDO, Ohio TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) today announced that Executive Chairman of the Board of Directors Mike Thaman has decided to retire from the company as of the date of the Annual Meetin…

Owens Corning Declares Fourth-Quarter 2019 Dividend

Dateline City: TOLEDO, Ohio TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.24 per common share, a 9 percent increase compared with the pri…

Owens Corning Reports Third-Quarter 2019 Results

Dateline City: TOLEDO, Ohio Company Delivered Net Sales of $1.9 Billion, Net Earnings of $150 Million and Adjusted EBIT of $277 Million Roofing improved EBIT by $16 million to $143 million on v…

Owens Corning Announces CFO Transition

Dateline City: TOLEDO, Ohio TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) today announced that Michael McMurray, Chief Financial Officer, will be stepping down from his role to pursue another professional opportunity. Mr. McMu…

Owens Corning Announces Ambitious 2030 Sustainability Goals

Dateline City: TOLEDO, Ohio TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) is pleased to announce 2030 sustainability goals that are its most comprehensive and ambitious to date. These goals represent the company’s third set of…

Owens Corning Names “Pacific Wave” 2020 Shingle Color of the Year

Dateline City: TOLEDO, Ohio TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) announces Pacific Wave as the 2020 Shingle Color of the Year. Pacific Wave is part of the Owens Corning® TruDefinition® Duration® Designer Colors Collec…
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Owens Corning Frequently Asked Questions

  • When was Owens Corning founded?

    Owens Corning was founded in 1938.

  • Who are Owens Corning key executives?

    Owens Corning's key executives are Michael H. Thaman.

  • How many employees does Owens Corning have?

    Owens Corning has 20,000 employees.

  • What is Owens Corning revenue?

    Latest Owens Corning annual revenue is $7.1 b.

  • What is Owens Corning revenue per employee?

    Latest Owens Corning revenue per employee is $352.9 k.

  • Who are Owens Corning competitors?

    Competitors of Owens Corning include GAF, Dow and PPG Industries.

  • Where is Owens Corning headquarters?

    Owens Corning headquarters is located at 1 Owens Corning Pkwy, Toledo.

  • Where are Owens Corning offices?

    Owens Corning has an office in Toledo.

  • How many offices does Owens Corning have?

    Owens Corning has 1 office.