Owens Corning — fact timeline

Owens Corning reported the quarter ended March 31, 2026 results: revenue $2.3 Billion, net income $0.47, EPS $0.47.

“Owens Corning (NYSE: OC), a branded building products leader, today reported first-quarter 2026 results. • Reported Net Sales from Continuing Operations of $2.3 Billion , a 10% Decrease from Prior Year • Generated Net Earnings Margin from Continuing Operations of 2% and Adjusted EBITDA Margin from Continuing Operations of 16% • Delivered Diluted EPS from Continuing Operations of $0.47 and Adjusted Diluted EPS from Continuing Operations of $1.22”

Todd W. Fister changed role as Executive Vice President, Chief Financial and Operating Officer at Owens Corning.

“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.”

Owens Corning announced a impairment with charges of approximately $140 million affecting global glass reinforcements business.

“On February 14, 2025, Owens Corning (the “Company”) disclosed an expected impairment charge associated with the announced sale of the Company’s global glass reinforcements business (the “GR Business”) and that, beginning with the Quarterly Report on Form 10-Q for the period ended March 31, 2025, the GR Business’s financial results would be reflected in the Company’s consolidated financial statements as discontinued operations for all periods presented, and the GR Business would be classified as “held for sale." Based on the revised terms of the Transaction (as described below), the Company will recognize an additional loss on sale of approximately $140 million related to a decrease in the agreed purchase price and changes in other net assets, subject to finalized cumulative foreign currency adjustments, net working capital adjustments, and costs to sell.”

Owens Corning announced a impairment with charges of approximately $360 million affecting GR Business.

“On April 25, 2025, the Company determined that the estimated pre-tax noncash impairment charge related to the sale of the GR Business is expected to be approximately $360 million”

Owens Corning incurred debt of up to a maximum aggregate amount outstanding at any time of $1,500.0 million maturing may not exceed 397 days from the date of issue.

“On March 5, 2025, the Company established a commercial paper program (the “Program”), pursuant to which the Company may issue, on a private placement basis, unsecured commercial paper notes (the “Notes”) up to a maximum aggregate amount outstanding at any time of $1,500.0 million.”

Owens Corning announced a impairment affecting global glass reinforcements business (Composites business segment).

“the Company expects to recognize an impairment charge. At this time, the Company is unable in good faith to estimate the full amount or range of estimates of impairment charges associated with the Transaction.”

Marcio A. Sandri changed role as President, Composites at Owens Corning.

“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.”

Owens Corning completed an acquisition involving Masonite International Corporation for $133.00 per share (closed 2024-05-15).

“Agreement, at the effective time of the Arrangement (the “Effective Time”), Purchaser acquired all of the issued and outstanding common shares of Masonite at a purchase price of $133.00 per share (the “Arrangement”). The Arrangement was implemented by way of a plan of arrangement pursuant to the Business Corporations Act (British Columbia). Upon completion of the”

Owens Corning incurred term loan of $2.8 billion with Morgan Stanley Senior Funding, Inc..

“On May 15, 2024, Owens Corning (i) borrowed $2.8 billion under the 364-Day Credit Facility”

Owens Corning updated its second-quarter and full-year 2024 guidance (reaffirmed).

“For the second-quarter 2024, the company expects overall performance to result in net sales in line with second quarter 2023, while generating approximately 20% EBIT margins for its existing businesses”

Owens Corning reported quarter ended March 31, 2024 results: revenue $2.3 Billion, net income $299 Million, EPS $3.40.

“Owens Corning Delivers Net Sales of $2.3 Billion; Generates Net Earnings of $299 Million and Adjusted EBIT of $438 Million”

Owens Corning amended debt of $300.0 million with PNC Bank, National Association maturing February 28, 2025.

“increase the A/R Facility limit from $280.0 million to $300.0 million, extend the scheduled maturity date from April 26, 2024 to February 28, 2025”

Owens Corning amended revolving credit of $1.0 billion with Wells Fargo Bank, National Association at applicable margin plus Adjusted Term SOFR, Base Rate, Eurocurrency Rate, SONIA, maturing March 1, 2029.

“The Credit Agreement provides for a senior revolving credit facility (the “Senior Revolving Credit Facility”) in an aggregate principal amount of $1.0 billion”

Owens Corning amended A/R Facility (Amended and Restated Receivables Purchase Agreement) with PNC Bank, National Association valued at $300,000,000 trade receivables securitization facility (effective 2024-03-01).

“On the Effective Date, the Company amended and restated its trade receivables securitization program (the “A/R Facility”) to, among other things, increase the A/R Facility limit from $280.0 million to $300.0 million, extend the scheduled maturity date from April 26, 2024 to February 28, 2025 and add certain subsidiaries of the Company as Originators (as defined below).”

Owens Corning amended Second Amended and Restated Credit Agreement with Wells Fargo Bank, National Association valued at $1,000,000,000 revolving credit facility (effective 2024-03-01).

“On March 1, 2024 (the “Effective Date”), Owens Corning (the “Company”), as borrower, entered into that certain Second Amended and Restated Credit Agreement (the “Credit Agreement”) with various financial institutions, as lenders, and Wells Fargo Bank, National Association, as administrative agent.”

Owens Corning reported the fourth quarter of 2023 and the fiscal year ended December 31, 2023 results: revenue $9,677 million (full year); $2,304 million (Q4), net income $1,196 million (full year); $131 million (Q4), EPS $13.14 diluted EPS (full year); $1.46 diluted EPS (Q4).

“by reference into any registration statement or other document pursuant to the Securities Act of 1933. --- EX-99.1 (EX-99.1) --- Owens Corning Delivers Full-Year Net Sales of $9.7 Billion; Generates Earnings of $1.2 Billion and Adjusted EBIT of $1.8 Billion TOLEDO, Ohio – February 14, 2024 - Owens Corning (NYSE: OC), a global building and construction materials”

Owens Corning entered into Arrangement Agreement with Masonite International Corporation valued at $133.00 per share in cash (effective 2024-02-08).

“On February 8, 2024, Owens Corning, a Delaware corporation (“Owens Corning”), entered into an Arrangement Agreement (the “Agreement”) with MT Acquisition Co ULC, a British Columbia unlimited liability company and a wholly owned subsidiary of Owens Corning (“Purchaser”) and Masonite International Corporation, a British Columbia corporation (“Masonite”), pursuant to which Purchaser will acquire all of the issued and outstanding common shares of Masonite at a purchase price of $ 133.00 per share (the “Arrangement”).”

Owens Corning reported third-quarter 2023 results: revenue $2,479, net income $337, EPS $3.71. Guidance reaffirmed.

“the company for long-term success.” Enterprise Performance ($ in millions, except per share amounts) Third-Quarter Nine Months 2023 2022 Change 2023 2022 Change Net Sales $2,479 $2,529 $(50) (2%) $7,373 $7,476 $(103) (1%) Net Earnings Attributable to OC 337 470 (133) (28%) 1,065 1,117 (52) (5%) Adjusted EBIT 518 487 31 6% 1,413 1,429 (16) (1%) As a”

Todd W. Fister was appointed as Executive Vice President and CFO at Owens Corning.

“The Company has appointed Todd W. Fister, 49, as Executive Vice President and CFO, effective upon Mr. Parks’ resignation.”

Kenneth S. Parks resigned as Executive Vice President and Chief Financial Officer at Owens Corning.

“On August 21, 2023, Kenneth S. Parks, Executive Vice President and Chief Financial Officer (“CFO”) of Owens Corning (the “Company”), notified the Company that he will resign effective September 15, 2023 to pursue another opportunity.”

Daniel T. Smith departed as Executive Vice President and Chief Growth Officer at Owens Corning.

“On August 2, 2023, Daniel T. Smith, Executive Vice President and Chief Growth Officer, notified Owens Corning (the “Company) that he intends to retire.”

Owens Corning reported second-quarter 2023 results: revenue $2.6 Billion, net income $345 Million, EPS $3.78.

“Owens Corning Delivers Net Sales of $2.6 Billion; Generates Net Earnings of $345 Million and Adjusted EBIT of $534 Million”

Owens Corning: Amended and restated bylaws to adopt Fourth Amended and Restated Bylaws, including updates for Universal Proxy Rule, stockholder nominations, proxy card color, adjournment procedures, and exclusive forum (effective 2023-06-15).

“on June 15, 2023, the Board of Directors (the “Board”) of Owens Corning (the “Company”), acting upon the recommendation of the Governance and Nominating Committee of the Board, approved the amendment and restatement of the Company’s Third Amended and Restated Bylaws, effective as of such date (as amended and restated, the “Fourth Amended and Restated Bylaws”).”

Owens Corning reported the quarter ended March 31, 2023 results: revenue Net Sales of $2.3 Billion, net income Net Earnings of $383 Million, EPS Diluted EPS of $4.17.

“Owens Corning Delivers Net Sales of $2.3 Billion; Generates Net Earnings of $383 Million and Adjusted EBIT of $361 Million”

Owens Corning reported the fiscal year ended December 31, 2022 results: revenue $9,761, net income $1,241, EPS $12.70.

“our shareholders.” Enterprise Performance ($ in millions, except per share amounts) Fourth-Quarter Full-Year 2022 2021 Change 2022 2021 Change Net Sales $2,285 $2,131 $154 7% $9,761 $8,498 $1,263 15% Net Earnings Attributable to OC 124 227 (103) (45%) 1,241 995 246 25% Adjusted EBIT 333 325 8 2% 1,762 1,415 347 25% As a Percent of Net Sales 15% 15% N/A N/A”

Owens Corning reported the fourth quarter of 2022 results: revenue $2,285, net income $124, EPS $1.32.

“and delivering value for our shareholders.” Enterprise Performance ($ in millions, except per share amounts) Fourth-Quarter Full-Year 2022 2021 Change 2022 2021 Change Net Sales $2,285 $2,131 $154 7% $9,761 $8,498 $1,263 15% Net Earnings Attributable to OC 124 227 (103) (45%) 1,241 995 246 25% Adjusted EBIT 333 325 8 2% 1,762 1,415 347 25% As a Percent of Net”

Mari Doerfler was appointed as Vice President and Controller at Owens Corning.

“The Company has appointed Mari Doerfler, 40, who is currently the Company’s Assistant Controller, as Vice President and Controller, effective April 1, 2023.”

Kelly J. Schmidt departed as Vice President and Controller at Owens Corning.

“On December 1, 2022, Kelly J. Schmidt, Vice President and Controller of Owens Corning (the “Company”), notified the Company that she will retire effective March 31, 2023.”