Owens Corning is set to announce its latest quarterly earnings on Tuesday, May 5th, with a consensus estimate EPS of $0.94.
Today, Owens Corning (OC) is trading at $123.63, showing a decrease of $1.89 (-1.51%) from the previous close of $125.52. The trading volume is $111,979, which is 7.69% higher than the average.
In the last earnings report on Tuesday, February 24th, Owens Corning reported an EPS consensus estimate of $1.36.
The company offers a forward dividend yield of 2.56%, with a dividend per share MRQ of 79 cents and a year-over-year increase of 14.8594 cents.
Owens Corning's cash flow indicates a net change in cash of $56 million, with operating cash flow at $590 million and capital expenditure at -$604 million.
The company generated revenue of $2.14 billion, resulting in a gross profit of $511 million. However, the net income stood at a loss of $297 million with an EPS of -$3.72.
Key financial ratios for Owens Corning include a quick ratio of 0.7, gross profit margin of 23.86%, and a debt-equity ratio of 159.75.
The company's total assets amount to $12.98 billion, with total liabilities at $9 billion, indicating a strong financial position.
This report provides a snapshot of Owens Corning's financial status, offering insights into its performance and profitability.
Owens Corning manufactures and markets insulation, roofing, and fiberglass composite materials in the United States, Canada, Europe, the Asia Pacific, and internationally. It operates in three segments: Composites, Insulation, and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber; and glass fiber products in the form of fabrics, non-wovens, and other specialized products. Its products are used in building structures, roofing shingles, tubs and showers, pools, flooring, pipes and tanks, poles, electrical equipment, and wind-energy turbine blades applications in the building and construction, renewable energy, and infrastructure markets. This segment sells its products directly to parts molders, fabricators, and shingle manufacturers. The Insulation segment manufactures and sells insulation products for residential, commercial, industrial, and other markets for thermal and acoustical applications; and glass fiber pipe insulation, flexible duct media, bonded and granulated mineral fiber insulation, cellular glass insulation, and foam insulation products used in construction applications. This segment sells its products primarily to the insulation installers, home centers, lumberyards, retailers, and distributors under the Thermafiber, FOAMULAR, FOAMGLAS, Paroc, Owens Corning PINK, and FIBERGLAS Insulation brand names. The Roofing segment manufactures and sells aminate and strip asphalt roofing shingles, oxidized asphalt materials, and roofing components used in residential and commercial construction, and specialty applications, as well as synthetic packaging materials. This segment sells its products through distributors, home centers, lumberyards, retailers, and contractors, as well as to roofing contractors for built-up roofing asphalt systems; and manufacturers in automotive, chemical, rubber, and construction industries. Owens Corning was incorporated in 1938 and is headquartered in Toledo, Ohio.