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Owens Corning
As of May 30, 2026 at 24:05 UTC
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About Owens Corning
Owens-Corning Inc is a building products company that offers roofing products and systems, insulation products (hermal and acoustical batts, loose fill insulation, spray foam insulation, wet use chopped strand, etc.), and doors and door systems. The company's reportable segments are: Roofing, Insulation, and Doors. Maximum revenue is generated from the Roofing segment, which manufactures and sells residential roofing shingles, oxidized asphalt materials, roofing components, and composite lumber mainly used in residential construction. This segment also manufactures and sells glass mat and specialty veil materials used in building and construction applications. Geographically, the company generates maximum revenue from the United States, followed by Europe, Asia-Pacific, and other markets.
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Latest News
5 articlesOwens Corning reported first-quarter earnings that beat analyst expectations with adjusted EPS of $1.22 versus estimates of $0.95, though revenue declined 10% year-over-year to $2.265 billion. The company faced margin pressure with adjusted EBITDA falling 35% and EBITDA margins narrowing to 16% from 22%. Despite challenging market conditions, the company raised Q2 revenue guidance to $2.6-2.7 billion and expects EBITDA margins of 20-22%. Shares rose 1.46% on the earnings beat.
Mortgage rates have risen to 6.45% on the 30-year fixed mortgage due to geopolitical tensions affecting oil prices and inflation expectations. Homebuilder stocks have declined as first-quarter earnings showed weakness, with major builders reporting revenue declines. Without lower interest rates, the housing market recovery appears unlikely in the near term despite existing housing shortages.
Rosen Law Firm reminds investors who sold Masonite International Corporation (DOOR) stock between June 5, 2023 and February 8, 2024 of the April 7, 2026 lead plaintiff deadline in an ongoing securities class action. The lawsuit alleges that Masonite made material omissions and misrepresentations regarding Owens Corning's acquisition offers and share repurchases without disclosing material nonpublic information that would have indicated the stock was worth significantly more.
The global pipe insulation market is projected to grow from USD 6.45 billion in 2026 to USD 8.58 billion by 2031 at a CAGR of 5.90%, driven by stricter energy-efficiency standards, decarbonization goals, LNG infrastructure expansion, and district heating system adoption. Asia-Pacific leads growth with policy-driven initiatives, while North America benefits from LNG projects and updated building regulations.
The global Extruded Polystyrene (XPS) market is projected to grow from USD 6.01 billion in 2025 to USD 9.54 billion by 2035, with a CAGR of 4.73%. Growth is driven by increasing green building adoption, stringent energy codes (IECC 2021, ASHRAE 90.1), and rising demand for moisture-resistant insulation in residential and commercial construction. The U.S. market is expected to grow from USD 2.17 billion to USD 3.44 billion, while Asia Pacific emerges as the fastest-growing region at 5.89% CAGR.
