Owens Corning is a global leader in building and industrial materials, specializing in the production of insulation, roofing, and composite materials
The company is known for its commitment to sustainability and innovation, delivering products that enhance energy efficiency and improve the durability of infrastructure. Owens Corning serves a diverse range of markets, including residential, commercial, and industrial sectors, providing solutions that help to create comfortable, energy-efficient, and aesthetically pleasing environments. Through its advanced technology and manufacturing processes, the company continues to play a critical role in the construction and material industries, focusing on quality and customer satisfaction.
Looking back on home construction materials stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Masco (NYSEMAS) and its peers.
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the home construction materials stocks, including Owens Corning (NYSEOC) and its peers.
We are looking for value in the Industrials Sector because we are still in a strong bull market that has been not only one of the longest on record, but also has seen the S&P 500 get to one of its lofty valuations ever.
Owens Corning trades at $200.21 per share and has stayed right on track with the overall market, gaining 13.5% over the last six months. At the same time, the S&P 500 has returned 13.5%.
The consequences of hurricanes like Helene and Milton are—typically—quickly shrugged aside by markets as one-off events. That is mostly correct. But not entirely so. For some companies, the revenue and earnings hits are “unrecoverable.”
Building and construction materials manufacturer Owens Corning (NYSEOC) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 22.9% year on year to $3.05 billion. Its non-GAAP profit of $4.38 per share was 8.1% above analysts’ consensus estimates.
Milton's impact on Florida housing market: $1.7-2.5B hit, delays in construction & closings. Major builders like PulteGroup, Lennar, D.R. Horton have significant exposure in affected regions.
These 10 stocks had the biggest drop last week, with McKesson Corporation, BIO-TECHNE Corp, and Warner Bros. Discovery, Inc. being the worst performers.
