Owens Corning provides residential and commercial building products in the United States, Europe, the Asia Pacific, and other international markets. It operates through three segments: Roofing, Insulation, and Doors. The company offers asphalt roofing shingles and components, thermal and acoustical insulation products, and residential interior and exterior doors, along with glass reinforcements. Its products are distributed to distributors, home centers, lumberyards, installers, retailers, homebuilders, contractors, dealers, and remodeling contractors. Owens Corning was incorporated in 1938 and is headquartered in Toledo, Ohio.
Owens Corning Appoints Former Freddie Mac CEO Michael DeVito to Board
Owens Corning has appointed former Freddie Mac chief executive Michael DeVito to its Board of Directors. DeVito previously led Freddie Mac and held senior housing finance roles at Wells Fargo, focusing on U.S. mortgage and consumer lending, and his background in credit risk, capital allocation and housing finance governance is expected to inform board level oversight at the building materials producer. He joins both the Audit Committee and the Finance and Technology Committee at a moment when Owens Corning has a declared quarterly dividend of $0.79 per share and carries a high level of debt alongside an income profile flagged as not fully covered by earnings. Owens Corning is a US based building materials producer with a roughly $10.0b market cap that supplies residential and commercial products across the United States, Europe and the Asia Pacific. Investors will watch how board level decisions show up in the next few reporting cycles, including any changes in capital allocation between buybacks, the $0.79 dividend and debt reduction, plus how the board frames housing related demand risk and credit conditions in commentary through 2027.
OC · Capital · Neutral Owens Corning appoints former Freddie Mac CEO Michael DeVito to its board, a governance/capital-allocation change with no clear directional impact.
Owens Corning shares have fallen 10.6% since its second-quarter earnings report, underperforming the S&P 500. The company posted adjusted earnings of $3.93 per share, down 6.7% year over year but beating the Zacks Consensus Estimate by 28.4%, while net sales rose 0.3% to $2.76 billion, also above expectations. Adjusted EBITDA declined 6.1% to $660 million, with margin contracting to 24% due to inflation, partly offset by $25 million in tariff refunds. For the third quarter, Owens Corning expects revenues of $2.6 billion to $2.7 billion and an adjusted EBITDA margin of 20% to 22%, with softer roofing demand anticipated. Despite downward estimate revisions, the stock holds a Zacks Rank #2 (Buy).
Owens Corning Reports Q2 Revenue of $2.8 Billion and Adjusted EBITDA of $660 Million
Owens Corning reported second-quarter 2026 revenue of $2.8 billion and adjusted EBITDA of $660 million, producing a 24% adjusted EBITDA margin. Adjusted earnings per diluted share were $3.93, while free cash flow rose to $199 million from $129 million a year earlier. The company returned $264 million to shareholders through $200 million in share repurchases and $64 million in dividends. For the third quarter, Owens Corning expects enterprise revenue of $2.6 billion to $2.7 billion and an adjusted EBITDA margin of approximately 20% to 22%, with roofing revenue declining by a mid-to-high single-digit percentage and insulation revenue growing by a mid-single-digit percentage. The company also announced that Jonathan Collins will join as chief financial officer on August 10, while Todd Fister transitions to president and chief operating officer.
OC · Capital · Positive Q2 revenue and adjusted EBITDA beat expectations, with strong margins and free cash flow, plus share repurchases and dividends.
Dow hits record close as mixed earnings and economic data halt rally
U.S. stocks closed mixed on Wednesday, with the Dow Jones Industrial Average rising 0.5% to a record closing high of 54,349.12, while the S&P 500 slipped 0.2% and the Nasdaq Composite fell 0.8%. The Dow posted its fifth straight positive close and an intraday all-time high of 54,744.33, but the broader rally stalled after four-day winning streaks for the S&P 500 and Nasdaq ended. Strong quarterly results from Eli Lilly, Shopify, and Owens Corning, which beat earnings and revenue estimates, helped lift their shares by 4.9%, 17%, and 4.8% respectively. However, weaker-than-expected economic data weighed on sentiment, including a July services PMI of 54.1 that missed the consensus estimate of 55.1, and ADP private payrolls of 44,000 that fell well short of the 75,000 forecast.
Oakmark Global Fund Bets on Owens Corning’s Dominant Market Position in Roofing
The Oakmark Global Fund highlighted Owens Corning as a key holding in its second-quarter 2026 investor letter, citing the company’s dominant market position in roofing. The fund noted that Owens Corning benefits from attractive pricing, scale advantages, the nondiscretionary nature of roofing products, and contractor loyalty. It believes market participants underappreciate the quality of the roofing segment and are overly concerned with the insulation segment’s exposure to new housing starts. Owens Corning shares closed at $142.86 on July 14, 2026, with a market capitalization of $11.44 billion, and posted a one-month return of 15.55%. The fund’s investor class returned 7.89% in the second quarter, lagging the MSCI World Index’s 13.76% return.
StockStory picks Badger Meter and FTAI Infrastructure as top industrial stocks, flags Owens Corning as underwhelming
StockStory highlights Badger Meter and FTAI Infrastructure as two industrial stocks for long-term investors while naming Owens Corning as one to avoid. Badger Meter, with a market cap of $3.81 billion, has posted 15.6% annual revenue growth over five years and a 20.3% annual earnings per share increase, supported by a 15.8% free cash flow margin. FTAI Infrastructure, valued at $564.8 million, achieved 35% annual revenue growth over two years and is projected to grow revenue by 19.6% next year. Owens Corning, with a $9.78 billion market cap, saw only 2.5% annual revenue growth over two years and a 17% annual decline in earnings per share, with shrinking returns on capital signaling rising competition.
Owens Corning Stock Surges on Report of Carlisle Buyout Bid
Owens Corning shares jumped nearly 11% this week after The Wall Street Journal reported that Carlisle Companies made a series of unsolicited takeover offers. The bids, at least one of which valued a deal at well over $10 billion, consisted of a mix of cash and stock, according to people familiar with the matter. Owens Corning has not yet engaged substantially with Carlisle, and neither company has officially commented on the report.
Owens Corning and Quanex Stocks Jump After Congress Passes Housing Supply Bill
Owens Corning and Quanex shares surged over 7% after both chambers of Congress passed the 21st Century ROAD to Housing Act, the most significant federal housing-supply legislation since 1990. The bill aims to boost supply by cutting red tape, streamlining environmental reviews, modernizing manufactured-housing rules, and barring institutional owners of 350-plus single-family homes from buying more existing homes. Peer KB Home also reported a revenue beat with Q2 revenue of $1.11 billion, exceeding the $1.10 billion consensus, while the 10-year Treasury yield dropped below 4.5%, signaling potential mortgage rate relief. Owens Corning gained 7.1% and Quanex gained 7%, with the market viewing the legislation as a multi-year volume catalyst for builders despite mortgage rates remaining around 6.5% to 6.8%.
AbbVie, World Kinect, Owens Corning, Delta, Eli Lilly, and DTE Energy declare dividends
Several major companies announced quarterly dividends. AbbVie declared a quarterly cash dividend of $1.73 per share, payable August 14, 2026 to stockholders of record on July 15, 2026. World Kinect declared a quarterly cash dividend of $0.23 per share, a 15 percent increase over its previous $0.20 per share, payable July 16, 2026 to shareholders of record on June 30, 2026. Owens Corning declared a quarterly cash dividend of $0.79 per common share, payable August 6, 2026 to shareholders of record on July 20, 2026. Delta Air Lines declared a quarterly dividend of $0.2150 per share, an increase of approximately 15 percent over previous levels, payable July 30, 2026 to shareholders of record on July 9, 2026. Eli Lilly declared a third-quarter 2026 dividend of $1.73 per share, payable September 10, 2026 to shareholders of record on August 14, 2026. DTE Energy declared a $1.165 per share dividend on its common stock, payable October 15, 2026 to shareholders of record on September 21, 2026.
Owens Corning declares quarterly cash dividend of 79 cents per share
Owens Corning has declared a quarterly cash dividend of $0.79 per common share. The dividend will be payable on August 6, 2026, to shareholders of record as of July 20, 2026. Future dividend declarations will be made at the discretion of the Board of Directors based on the company's earnings, financial condition, cash requirements, future prospects, and other factors.
Rigid Foam Market to Reach $200.43 Billion by 2035, Driven by Energy Codes and Cold Chain Demand
The global rigid foam market is projected to grow from USD 85.43 billion in 2025 to USD 200.43 billion by 2035, at a compound annual growth rate of 8.9 percent, according to a report by SNS Insider. Polyurethane rigid foam held the largest share of the market in 2025 at around 48 percent, while the building and construction insulation application accounted for an estimated 52 percent of the market. Asia Pacific dominated the global market in 2025, with China contributing around 44.8 percent of regional revenues, and Europe is expected to be the fastest-growing regional market, with its rigid foam market estimated at USD 22.21 billion in 2025 and projected to reach USD 50.82 billion by 2035. The U.S. rigid foam market was valued at approximately USD 17.92 billion in 2025 and is expected to reach approximately USD 42.10 billion by 2035, growing at a CAGR of approximately 8.93 percent. Key players include BASF SE, Dow Inc., Covestro AG, Huntsman Corporation, and Owens Corning.
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