Highest-materiality recent filing
Owens Corning Q1 net sales down 10% to $2.3B; adjusted EPS $1.22, down 59% YoY
Net earnings from continuing ops $38M (EPS $0.47) vs $255M ($2.95) last year; adjusted EPS $1.22.
Owens Corning closes sale of glass reinforcements business for adjusted enterprise value of $645M
Enterprise value reduced from $755M to $645M in amended agreement.
Owens Corning promotes Todd Fister to EVP, CFO & COO; launches external CFO search
Todd Fister promoted to EVP, Chief Financial and Operating Officer effective May 1, 2026; will lead both financial and operational functions.
Owens Corning announces annual meeting results; all director nominees elected
Stockholders elected 9 directors; highest vote was 64.7M for Eduardo E. Cordeiro, lowest 61.0M for Brian D. Chambers.
Owens Corning cuts GR business sale price to $645M; expects additional $140M loss
Amended sale agreement for global glass reinforcements business: enterprise value $645M (down from $755M).
Owens Corning reports full-year 2025 net loss $(188M) on $1.2B impairment; adjusted EPS $12.05
Full-year net sales $10.1B (+3% YoY); GAAP net loss $(188M) from $1.2B non-cash impairment in Doors.
Director Maryann T. Mannen not standing for re-election at Owens Corning's 2026 annual meeting
Maryann T. Mannen will not stand for re-election at the 2026 Annual Meeting of Stockholders.
Owens Corning Q3 net loss $495M on $780M impairment; Q4 revenue seen down mid-to-high teens
Net sales $2.68B (-3% YoY); net loss $495M from $780M non-cash impairment in Doors.
Diluted EPS from continuing ops $3.91 (up 34% YoY); adjusted diluted EPS $4.21 (down 4% YoY).
Owens Corning's President of Roofing Gunner Smith resigns effective Aug 8, 2025
Gunner Smith, President, Roofing and executive officer, resigns to pursue another opportunity.
Owens Corning Q1 2025: Net sales up 25% to $2.5B, adjusted EBITDA margin 22%; EPS down 7%
Net sales from continuing ops $2.5B, +25% YoY; Doors segment contributed $540M.
Owens Corning recasts 2024 segment data under new Roofing, Insulation, Doors structure
Reorganization into three segments (Roofing, Insulation, Doors) effective Jan 1, 2025; glass reinforcements business to be sold.
Owens Corning estimates ~$360M pre-tax noncash impairment on glass reinforcements sale
Estimated pre-tax noncash impairment charge of ~$360 million related to sale of global glass reinforcements business.
All 10 director nominees elected with majority support; Brian D. Chambers received 63.6M for, 7.4M against.
Owens Corning terminates trade receivables securitization program on March 31
Terminated the Third Amended and Restated Receivables Purchase Agreement dated March 1, 2024.
Owens Corning boosts revolver by $500M, launches $1.5B commercial paper program
Amended credit agreement increases revolving commitments by $500.0 million and extends maturity to March 5, 2030.
Owens Corning FY24 net sales up 13% to $11.0B; net earnings down 46%, adjusted EPS up 10%
Q4 net loss of $258M vs profit $131M YoY; diluted EPS ($2.97); adjusted diluted EPS $3.22 (flat YoY).
Owens Corning sells global glass reinforcements business for $755M enterprise value to Triumph/3B, affiliates of Praana Group.
Owens Corning adds new director, board to shrink in 2025
Elected Michelle T. Collins as director effective Dec 4, 2024; board expands from 10 to 11.
Owens Corning Q3 net sales up 23% to $3.0B; adjusted EPS $4.38 vs $4.18 YoY
Net earnings $321M; diluted EPS $3.65; adjusted diluted EPS $4.38, up 5% YoY.
Board adopted amendments to the company's Fourth Amended and Restated Bylaws on Aug 26, 2024.
Owens Corning Q2 net sales $2.8B (+9% YoY); adjusted EPS $4.64, Masonite integration on track
Net sales $2,789M (+9% YoY); net earnings $285M (down 17% YoY); diluted EPS $3.24.
Owens Corning issues $2B senior notes: 5.500% due 2027, 5.700% due 2034, 5.950% due 2054
Issued $500M 5.500% senior notes due 2027, $800M 5.700% notes due 2034, and $700M 5.950% notes due 2054.
Owens Corning issues $373.2M in new 3.50% Senior Notes due 2030 in exchange for Masonite notes
Issued $373.2M aggregate principal of new 3.50% Senior Notes due 2030, exchanging existing Masonite notes.
Owens Corning completes $3.9B acquisition of Masonite; names Chris Ball President of Doors
Acquired all outstanding Masonite shares for $133.00 per share; implied transaction value ~$3.9B.
Owens Corning files pro forma financials for $133/share Masonite acquisition
Acquisition price $133.00 per Masonite share, ~38% premium to Feb 8, 2024 close.
Owens Corning clears U.S. antitrust hurdle for Masonite acquisition; closing in May 2024
U.S. HSR Act waiting period expired April 26, 2024, satisfying antitrust clearance condition.
Owens Corning Q1 adjusted EBIT up 21% to $438M; adjusted EPS $3.59 beats prior year
Net sales $2.3B (-1% YoY); net earnings $299M (-22%) due to prior-year $189M gain on site sale.
Owens Corning files pro forma for $133/share cash acquisition of Masonite; $3B debt financing
$133 per share in cash, ~38% premium to Masonite's closing price on Feb 8, 2024.
Owens Corning secures $3.0B term loan, ups revolver to $1.0B for Masonite acquisition
Entered $3.0B 364-day term loan to finance part of Masonite acquisition.
Marcio A. Sandri eligible for $660,000 retention bonus if continuously employed until March 1, 2025, or a Qualifying Sale closes.
Full year diluted EPS $13.14, adjusted diluted EPS $14.42; Q4 diluted EPS $1.46, adjusted $3.21.
Owens Corning to acquire Masonite International for $133/share (~$3.9B)
Purchase price of $133.00 per share in cash; total enterprise value ~$3.9 billion.
On April 28, 2026, the Board of Directors of Owens Corning (the “Company”) promoted Todd W. Fister to Executive Vice President, Chief Financial and Operating Officer, effective as of May 1, 2026.
In connection with the Transaction, Marcio A. Sandri, will remain in the role as the Company’s President, Composites, but will no longer serve as an executive officer of the Company, effective as of February 13, 2025.
Max materiality 0.90 · Median 0.75 · Most common event earnings