Owens Corning Stock Quote: Sustaining Growth and Success

Owens Corning has a long history of innovation and growth, dating back to the 1930s. The company has consistently demonstrated its ability to adapt to changing market conditions and technological advancements.

One key factor contributing to Owens Corning's success is its commitment to research and development. According to the company's annual reports, R&D expenses have consistently accounted for around 5% of total revenue.

This investment in innovation has paid off, with the company introducing new products and technologies that have expanded its market share and increased profitability.

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Owens Corning has earned a place on the Dow Jones Sustainability World Index (DJSI World) for the 15th consecutive year.

This impressive achievement is a testament to the company's commitment to sustainability.

The DJSI World is a prestigious index that recognizes companies that demonstrate excellence in sustainability practices.

Owens Corning has also been included on the DJSI North America Index for the seventh consecutive year.

Owens Corning has earned a place on the Dow Jones Sustainability World Index for the 15th consecutive year. This achievement is a testament to the company's commitment to sustainability.

The Dow Jones Sustainability World Index is a prestigious ranking that recognizes companies that demonstrate strong sustainability practices. Owens Corning's inclusion in this index is a significant milestone in its sustainability journey.

Owens Corning's strong financial performance also contributes to its sustainability efforts. According to the company's profitability rank, its gross margin percentage is 29.41, operating margin percentage is 16.27, and net margin percentage is 9.92.

Here's a breakdown of Owens Corning's key financial metrics:

Owens Corning's commitment to sustainability and its strong financial performance make it an attractive company for investors and customers alike.

The growth of a company is a crucial factor in determining its sustainability. A company's growth is often measured by its revenue, earnings, and cash flow.

The 3-Year Revenue Growth Rate of a company is a key indicator of its growth potential. In Example 1, we see that the company has a 3-Year Revenue Growth Rate of 17.9%.

Companies with high revenue growth rates often have a strong competitive advantage and are well-positioned for future success. A revenue growth rate of 17.9% is a significant increase, indicating a strong growth trajectory.

In addition to revenue growth, a company's earnings growth is also an important factor to consider. The 3-Year EBITDA Growth Rate of 94.5% is an impressive indicator of the company's ability to generate earnings.

Here is a summary of the growth rates mentioned in Example 1:

A company's growth is not just about its current performance, but also its future potential. The Future 3-5Y EPS without NRI Growth Rate Estimate of 13.93% suggests that the company is expected to continue growing in the future.

Overall, a company's growth is a critical factor in determining its sustainability. By looking at key growth metrics such as revenue, earnings, and cash flow, investors can get a better sense of a company's growth potential.

Owens Corning's revenue in 2023 was $9.68 billion, a decrease of -0.86% compared to the previous year's $9.76 billion. This decline in revenue is a notable trend in the company's financial performance.

The company's earnings were $1.20 billion, a decrease of -3.63% from the previous year. This indicates a slight downturn in Owens Corning's financial health.

Here are some key financial metrics for Owens Corning:

These metrics provide a snapshot of Owens Corning's financial health, including its debt levels, equity position, and ability to cover interest payments.

Owens Corning recently announced a 15% increase in its quarterly cash dividend to $0.69 per common share, a significant move that highlights the company's commitment to rewarding its shareholders.

This dividend increase is a testament to Owens Corning's strong financial performance, with reported Net Sales of $3.0 Billion in the third quarter of 2024, a 23% increase compared to the prior period.

The company's dividend yield is currently 1.33%, which is a relatively attractive return for investors.

Here are the key dividend metrics for Owens Corning:

The company's strong dividend growth rate of 30.1% over the past three years is a significant positive, indicating a consistent ability to increase payouts to shareholders.

Owens Corning's commitment to returning value to shareholders is further highlighted by its share buyback program, with a 3-year average share buyback ratio of 6.2.

The Zacks Rank system is a great way to gauge a stock's potential for success over the next 1 to 3 months. A Zacks Rank #1 or #2, which corresponds to a Strong Buy or Buy, is ideal for investors looking to make informed decisions.

The Zacks Rank is calculated based on three trading styles: Value, Growth, and Momentum. Stocks with a high Value Score, such as Owens Corning's A Value Score, are often considered undervalued and have a higher potential for growth.

A stock's Zacks Rank can be influenced by its industry's overall performance. The Zacks Industry Rank assigns a rating to each industry based on the average Zacks Rank of its constituent stocks. This means that an industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank.

Here's a breakdown of the Zacks Rank system:

A stock's VGM Score, which combines the weighted average of its individual style scores, can also provide valuable insights into its potential. Owens Corning's A VGM Score indicates that it has a strong Value, Growth, and Momentum score, making it a promising investment opportunity.