Owens CorningNYSE: OC

Owens Corning (NYSE:OC ) Q3 2024 Earnings Conference Call November 6, 2024 9:00 AM ET Company Participants Amber Wohlfarth - Vice President, Investor Relations, Corporate Affairs Brian Chambers - Chair and CEO Todd Fister - Chief Financial Officer Conference Call Participants Spencer Kaufman - UBS Stephen Kim - Evercore ISI Philip Ng - Jefferies Anthony Pettinari - Citi Sam Reid - Wells Fargo Trevor Allinson - Wolfe Research Adam Baumgarten - Zelman & Associates Keith Hughes - Truist Mike Dahl - RBC Susan Maklari - Goldman Sachs Garik Shmois - Loop Capital Matthew Bouley - Barclays Kathryn Thompson - Thompson Research Group Operator Good morning, everyone, and welcome to Owens Corning's Third Quarter 2024 Earnings Call. My name is Lydia and I will be your operator today.

Although the revenue and EPS for Owens Corning (OC) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Besides Wall Street's top -and-bottom-line estimates for Owens Corning (OC), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.

Zacks.com users have recently been watching Owens Corning (OC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) today announced its 2025 Shingle Color of the Year: “Merlot.” A complex yet welcoming, on-trend alternative to conventional red, the shingle color balances shades of warm gray, oaky brown, and spiced sienna with deep crimson and earthy purple undertones. As Owens Corning continues to own the conversation on roof color, “Merlot” presents a full-bodied, timeless shingle that brings an understated, approachable finish to a home's exterior. “T.

In the closing of the recent trading day, Owens Corning (OC) stood at $186.20, denoting a -1.79% change from the preceding trading day.

Owens Corning's strong market position and pricing power are bolstered by strategic acquisitions like Masonite and a focus on energy-efficient building materials. Financially, the company faces higher debt levels and margin pressures, but maintains a strong balance sheet and sufficient free cash flow for dividends and share repurchases. Despite current market challenges, the DCF model indicates OC stock is slightly undervalued, with a price target of $202.24, contingent on Masonite acquisition synergies and European market recovery.

OC benefits from growth initiatives and Roofing business. Yet, it is affected by lower volumes and significant inflation across most of its business.

TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) is scheduled to announce its third-quarter financial results on Wednesday, November 6, 2024, before the New York Stock Exchange opens. The company will host a call to discuss its financial results at 9 a.m. ET the same day. Webcast https://events.q4inc.com/attendee/255275100 A webcast replay will be available for one year using the same link. Callers Please dial in 10-15 minutes before the conference call is scheduled to begin and use the.