Key Takeaways OC will build a 250,000-square-foot shingle facility in Prattville, with production starting in 2027.The new plant will produce six million square feet of laminate shingles annually, mainly premium Duration.The Prattville facility will create nearly 100 skilled jobs and leverage advanced automation for efficiency.Owens Corning (OC) has announced plans to build a new shingle manufacturing facility in Prattville, AZ. The investment reflects the global building products leader's strategic commitm ...

TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC), a building products leader, today announced that it has selected Prattville, Alabama as the location for its new shingle plant in the southeastern United States. This strategic investment, which was announced earlier this year, will expand the company's Roofing manufacturing network. The Prattville facility will operate a four-wide laminator capable of producing around six million squares of laminate shingles per year. The additional capa. ...

Owens Corning (OC) closed the most recent trading day at $147.59, moving +1.04% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.48%. Elsewhere, the Dow saw an upswing of 0.27%, while the tech-heavy Nasdaq appreciated by 0.94%. The construction materials company's shares have seen a decrease of 1.74% over the last month, not keeping up with the Construction sector's loss of 0.35% and the S&P 500's gain of 2.46%.Market participants will be closely following the financial re ...

TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.69 per common share. The dividend will be payable on November 6, 2025, to shareholders of record as of October 20, 2025. Future dividend declarations will be made at the discretion of the Board of Directors and will be based on the company's earnings, financial condition, cash requirements, future prospects, and other factors. About Owens Corning Owens. ...

Company Performance - Owens Corning (OC) closed at $146.07, reflecting a -2.35% change from the previous day, underperforming the S&P 500 which saw a loss of 0.1% [1] - Prior to the latest trading session, OC shares had decreased by 1.8%, lagging behind the Construction sector's gain of 0.5% and the S&P 500's gain of 2.57% [1] Upcoming Earnings - The upcoming earnings release is anticipated, with an expected EPS of $3.82, indicating a 12.79% decline from the same quarter last year [2] - Revenue is forecasted to be $2.72 billion, representing a 10.59% decrease compared to the same quarter of the previous year [2] Full Year Estimates - For the full year, earnings are projected at $13.84 per share and revenue at $10.48 billion, showing changes of -13.01% and -4.54% respectively from the previous year [3] - Recent analyst estimate revisions indicate a dynamic business outlook, with positive revisions suggesting optimism [3][4] Valuation Metrics - Owens Corning has a Forward P/E ratio of 10.81, which is below the industry average of 19.62, indicating it is trading at a discount [6] - The company has a PEG ratio of 10.59, significantly higher than the industry average PEG ratio of 1.92 [7] Industry Context - The Building Products - Miscellaneous industry, part of the Construction sector, holds a Zacks Industry Rank of 156, placing it in the bottom 37% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]

JSW Paints had in June announced it would purchase a 74.76% stake in Akzo Nobel India for Rs 8,986 crore, followed by an open offer worth Rs 3,929.06 crore to acquire another 25% from public shareholders, PTI reported. The deal will position JSW Paints as the fourth-largest player in the country’s paint industry.“Commission approves the acquisition of up to 75 per cent shareholding in Akzo Nobel India Ltd by JSW Paints Ltd,” CCI said in a post on X.JSW Paints is part of the $23 billion JSW Group, with inter ...

Toronto, Ontario--(Newsfile Corp. - September 8, 2025) - Olive Resource Capital Inc. (TSXV: OC) ("Olive" or the "Company") is pleased to provide investors an update on its investments for the period ending August 31, 2025.Table 1: Olive's Investment PortfolioNameTickerSectorCategory (Audited) Value Dec 31, 2024(Unaudited) Value Jun 30, 2025(1)(Unaudited) Value Aug 31, 2025(1)Omai Gold Mines Corp.(2)OMG.vPrecious MetalsPublic Equity $456,720 $1,376,650$2,302,760Black Sheep Ventures Inc.PrivateReal EstatePri ...

Core Viewpoint - Olive Resource Capital Inc. has received approval for a normal course issuer bid program to repurchase up to 8,321,280 common shares, representing approximately 10% of its public float, due to the belief that the market price may not reflect the underlying value of the business [1][2][3]. Group 1 - The bid will commence on September 3, 2025, and terminate on September 2, 2026, unless the maximum number of shares is repurchased earlier [3]. - The company currently has 106,144,709 common shares issued and outstanding [3]. - The repurchase will be conducted using existing working capital and will comply with TSXV rules [4]. Group 2 - Canaccord Genuity Corp. has been engaged as the broker for the bid [5]. - A previous normal course issuer bid allowed the purchase of up to 10,153,620 common shares, with 3,030,000 shares repurchased at a weighted average price of $0.029 per share [5]. - Olive Resource Capital Inc. is a resource-focused merchant bank and investment company with investments in natural resource companies at various development stages [6].

Core Viewpoint - Olive Resource Capital Inc. reported a significant increase in the value of its investment portfolio, reflecting strong performance in the natural resource sector despite a rebound in the U.S. dollar [4][6]. Investment Portfolio Summary - The total value of Olive's investment portfolio increased from $6.42 billion on December 31, 2024, to $8.82 billion by July 31, 2025, marking a growth of approximately 37% [2][5]. - Key investments include: - Omai Gold Mines (OMG.v): Increased from $456.72 million to $1.93 billion [2]. - Black Sheep Ventures Inc.: Remained stable at $1.27 billion [2]. - Arizona Sonoran Copper Co. (ASCU): Increased from $255.78 million to $421.80 million [2]. - Bravo Mining (BRVO.v): Increased from $169.10 million to $380 million [2]. - Sailfish Royalty Corp. (FISH.v): Increased from $166.88 million to $319.11 million [2]. - Aurion Resources (AU.v): Increased from $222.08 million to $301.78 million [2]. - Public Equity Liquid Investments and Working Capital rose from $1.42 billion to $1.73 billion [2]. Market Commentary - The U.S. dollar's rebound did not negatively impact the commodity sector, with gold and oil prices advancing [4]. - Copper prices declined due to tariff announcements, creating short-term price dislocations [4]. - The company is adopting a cautious investment approach during the summer, anticipating a typically weak fall period for the sector [4].

Core Insights - Owens Corning reported $2.75 billion in revenue for Q2 2025, a year-over-year decline of 1.5% and an EPS of $4.21 compared to $4.64 a year ago, exceeding revenue estimates by 1.57% and EPS estimates by 10.79% [1] Financial Performance - Net Sales in Insulation reached $934 million, exceeding the estimated $921.65 million, reflecting a 2% increase year-over-year [4] - Net Sales in Roofing amounted to $1.3 billion, surpassing the estimated $1.25 billion, showing a significant year-over-year increase of 17.9% [4] - Net Sales in Doors were reported at $554 million, below the estimated $572 million, indicating a decline [4] - Corporate eliminations reported a loss of $44 million, slightly worse than the estimated loss of $42.15 million, representing a 50.6% year-over-year decline [4] Segment Performance - Segment EBITDA for Roofing was $457 million, exceeding the average estimate of $425.14 million [4] - Segment EBITDA for Insulation was $225 million, slightly above the estimated $224.81 million [4] - Segment EBITDA for Doors reached $75 million, compared to the average estimate of $73.33 million [4] - Segment EBITDA for Corporate, Other and Eliminations reported a loss of $80 million, worse than the estimated loss of $61.5 million [4] Stock Performance - Owens Corning's shares have returned -2.7% over the past month, while the Zacks S&P 500 composite increased by 0.5% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]