Owens Corning

Owens Corning

Owens Corning

Overview
Date Founded

2006

Headquarters

One Owens Corning Parkway, Toledo, OH, 43659, USA

Type of Company

Public

Employees (Worldwide)

19K

Industries

Other Manufacturing
Furniture
Building Products & Construction Materials

Company Description

Owens Corning engages in the development, manufacture, and marketing of insulation, roofing, and fiberglass composites. It operates through the following segments: Composites, Insulation and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber, and also includes vertically integrated downstream activities. The Insulation segment provides insulating products which help customers conserve energy; provide improved acoustical performance; and offer convenience of installation and use. The Roofing segment offers laminate and strip asphalt roofing shingles and other products including oxidized asphalt and roofing accessories. The company was founded on October 31, 1938 and is headquartered in Toledo, OH.

Contact Data
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Executives & Employees

President, Chief Executive Officer & Director

Director, President & Chief Executive Officer

Executive Chairman

Chief Financial Officer

Senior Vice President, General Counsel & Secretary

President, Roofing

President, Composites

Controller & Vice President

Vice President & Managing Director

Senior Vice President & Chief Growth Officer

Board of Directors

Executive Chairman at Owens Corning

President, Chief Executive Officer & Director at Owens Corning

President & Chief Executive Officer at Domtar Corp.

Former General Manager, Fumed Metal Oxides & Tantalum Businesses at Cabot Corp.

Executive Vice President & Chief Financial Officer at TechnipFMC PLC

Executive Chairman at Zep, Inc.

Former Director & Senior Partner at McKinsey & Co., Inc.

Director at Genera Energy Inc.

President & Chief Executive Officer at Charlotte's Web Holdings, Inc.

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Owners & Shareholders
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Boston Partners primarily provides advice using a value style approach for large-cap equity, mid-cap equity, small-cap equity, long/short equity, alpha extension, global equity, and international equity. Their investment process is grounded in bottom-up fundamental analysis. The firm employs an efficient and repeatable investment process designed to identify companies with: attractive valuations, sound business fundamentals and improving business momentum. Boston Partners' investment strategies include several long/short equity products which include selling securities short. The securities sold short may not be considered \"value\" securities but are considered to be overvalued by Boston Partners on its quantitative screening and fundamental security analysis. For certain long/short portfolios, they use single name security swaps, negotiated on a bilateral basis and not cleared through a central clearing facility. Swaps are used to provide short exposure in markets where physical shorting is not allowed or to obtain exposure to a security to manage margin requirements more efficiently.

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Long Pond Capital's funds aim to generate superior risk-adjusted returns by identifying asymmetry, defined as disconnect between stock price and intrinsic value, primarily in securities of companies in the real estate and real estate-related sectors. The firm employs a strategy of long/short fundamental value investing by implementing a rigorous, bottom-up research process to identify asymmetry in downside-protected securities that Long Pond believes to be misunderstood by the public markets. Their disciplined investment approach seeks to be repeatable and scalable by tracking investment theses, fundamental valuations and risk/reward metrics.

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Jefferies Investment Advisers' (JIA) Strategic Investments Division (SID) programs involve multi-strategy, multi-asset class, medium-to-high frequency, automated implementation, systematic trading strategies and certain other programs such as fundamental strategies and event driven strategies. Strategies offered through SID primarily trade in the equity securities markets and futures markets (including commodity futures and other futures contracts). The objective these programs is to provide clients with exposure to a diverse set of absolute return strategies in an actively managed format. The strategies which SID employs trade exchange-listed equity securities and U.S. and non-U.S. futures, options, and forward contracts (currency and otherwise) and other derivative instruments that are generally uncorrelated with each other.JIA serves as the manager of Global Equity Event Opportunities Fund LLC. The fund's strategy is to seek absolute returns through the continuous and active evaluation of opportunities across both geographies and core strategies, including merger arbitrage, relative value and stock loan arbitrage. The fund invests in, U.S. and non-U.S. equity and equity-related securities, depository receipts, warrants, contingent value rights, futures, ETFs, fixed-income securities, preferred securities, options, forward contracts (foreign exchange, non-deliverable or otherwise), swaps (including foreign exchange and total return swaps), spot trades (foreign exchange and otherwise) and other derivative instruments.

Recent Transactions
Details Hidden

Rockwool International A/S purchases Paroc AB /Acoustic Ceiling Bus from Owens Corning

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Owens Corning purchases Guangde SKD Rock Wool Manufacture Co., Ltd.

Details Hidden

Owens Corning purchases Paroc Group Oy from CVC Advisers Ltd.

Insider Transactions
Details Hidden
Transaction Advisors
Legal Advisor

Advised onOwens Corning purchases Saint-Gobain Vetrotex International /Reinforcements Business from Compagnie de Saint-Gobain SA

Legal Advisor

Advised onOwens Corning purchases Paroc Group Oy from CVC Advisers Ltd.

Investment Advisor

Advised onOwens Corning purchases Paroc Group Oy from CVC Advisers Ltd.

Legal Advisor

Advised onCompagnie de Saint-Gobain SA purchases Norandex/Reynolds Distribution, Inc. from Owens Corning

Managing Director

Advised onOwens Corning issued USD Common Stock

Legal Advisor

Advised onOwens Corning purchases Paroc Group Oy from CVC Advisers Ltd.

Advisors & Consultants
Legal Advisor

Partner at Sidley Austin LLP

Legal Advisor

Partner at Winston & Strawn LLP

Legal Advisor

Partner at O'Melveny & Myers LLP

Clients

Lowe's Cos., Inc. engages in the retail sale of home improvement products. It offers products for maintenance, repair, remodelling, home decorating, and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows, and doors. The company was founded in 1946 and is headquartered in Mooresville, NC.

Smiths Group Plc engages in the development, manufacture, and sale of control systems and instruments for industrial applications. It operates through the following business segments: John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect, and Flex-Tek. The John Crane segment produces mechanical seals, engineered bearings, power transmission couplings, seal support, and filtration systems. The Smiths Medical segment develops and markets infusions systems, patient airway and temperature management equipment, and devices for in vitro fertilization, diagnostics, and emergency patient transport. The Smiths Detection segment manufactures sensors that detect explosives, narcotics, weapons, chemical agents, biohazards, and contraband. The Smiths Interconnect segment offers electronic and radio frequency components and sub-systems. The Flex-Trek segment includes components that heat and move fluids and gases, flexible hosing and rigid tubing. The company was founded by Samuel Smith in 1851 and is headquartered in London, the United Kingdom.

Watsco, Inc. (NYSE:WSO) is the largest distributor of heating, air conditioning, and refrigeration (HVAC/R) products with 507 locations in 36 states, Puerto Rico, Latin America and the Caribbean. Founded more than 50 years ago as a manufacturer of parts and components for HVAC/R equipment, Watsco entered the distribution segment in 1989 and has become the industry leader with sales of $2.0 billion in 2009. Watsco has 4,000 employees assisting over 50,000 contractors who, in turn, service, repair or replace HVAC/R systems. Watsco meets contractor’s needs by supplying the products required for the four major industry segments: Air conditioners, furnaces and related parts (50%) Air movement products, including ductwork and insulation (25%) Controls, including thermostats and air treatment systems (15%) Refrigeration products (10%).

Key Stats and Financials As of 2019
Market Capitalization
$6.12B
Total Enterprise Value
$10.2B
Earnings Per Share
$3.68
Five Year Compounded Annual Growth Rate Of Revenue
6.3%
Three Year Compounded Annual Growth Rate Of Revenue
8.04%
Total Equity
$4.67B
EBITDA
$1.29B
Total Debt
$3.2B
Net Profit
$405M
Revenue
$7.16B
Enterprise Value Sales
1.43x
Enterprise Value EBITDAOperating
7.76x
TEVNet Income
25.25x
Debt TEV
0.31x
EBITDAMargin
18.03%
Political Donations
$2,500
1996
$2,500
1996
Suppliers
U.S. Silica Holdings, Inc. Non-Energy Mining & Minerals | Katy, TX

U.S. Silica Holdings, Inc. is a materials company, which engages in the provision of commercial silica products. It operates through Oil and Gas Proppants; and Industrial and Specialty Products segments. The Oil and Gas Proppants segment focuses in delivering fracturing sand, which is pumped down oil and natural gas wells to prop open rock fissures and increase the flow rate of natural gas and oil from the wells. The Industrial and Specialty products segment consists of products and materials used in a variety of industries including, container glass, fiberglass, specialty glass, flat glass, building products, fillers and extenders, foundry products, chemicals, recreation products, and filtration products. The company was founded on November 14, 2008 and is headquartered in Katy, TX.

The Southern Company IT Consulting & Services | Atlanta, GA

With 4.4 million customers and more than 43,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for energy innovation, excellent customer service, high reliability and retail electric prices that are below the national average. Southern Company and its subsidiaries are leading the nation's nuclear renaissance through the construction of the first new nuclear units to be built in a generation of Americans and are demonstrating their commitment to energy innovation through the development of a state-of-the-art coal gasification plant. Southern Company has been recognized by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer and listed by DiversityInc as a top company for Blacks. The company received the 2012 Edison Award from the Edison Electric Institute for its leadership in new nuclear development, was named Platts' 2011 Power Company of the Year and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings.

Clean Energy Fuels Corp. Alternative Energy | Newport Beach, California

Clean Energy Fuels Corp. engages in the provision of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. It also build and operate compressed natural gas (CNG) and liquefied natural gas (LNG) vehicle fueling stations; manufacture CNG and LNG equipment and technologies; and deliver more CNG and LNG vehicle fuel. The company was founded by T. Boone Pickens and Andrew J. Littlefair in 1996 and is headquartered in Newport Beach, CA.

Competitors
Berkshire Hathaway, Inc. Other Insurance Services - Greenwich, Connecticut

Berkshire Hathaway, Inc. provides property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing, and services. It operates through following segments: GEICO, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC (BNSF), Berkshire Hathaway Energy, McLane Company, Manufacturing, and Service and Retailing. The GEICO segments involves in underwriting private passenger automobile insurance mainly by direct response methods. The Berkshire Hathaway Reinsurance Group segment consists of underwriting excess-of-loss and quota-share and facultative reinsurance worldwide. The Berkshire Hathaway Primary Group segment comprises of underwriting multiple lines of property and casualty insurance policies for primarily commercial accounts. The BNSF segment operates railroad systems in North America. The Berkshire Hathaway Energy segments deals with regulated electric and gas utility, including power generation and distribution activities, and real estate brokerage activities. The McLane Company segment offers wholesale distribution of groceries and non-food items. The Manufacturing segment includes industrial and end-user products, building products, and apparel. The Service and Retailing segment provides fractional aircraft ownership programs, aviation pilot training, electronic components distribution, and various retailing businesses, including automobile dealerships, and trailer and furniture leasing. The company was founded by Oliver Chace in 1839 and is headquartered in Omaha, NE.

Dow, Inc. Plastics & Synthetics - Midland, MI

Dow, Inc. materials science company, combining science and technology to develop innovative solutions. It operates through three business segments: Performance Materials & Coatings, Industrial Intermediates & Infrastructure, and Packaging & Specialty Plastics. The Performance Materials & Coatings segment includes industry-franchises that deliver a wide array of solutions into consumer and infrastructure end-markets. The segment consists of two global businesses: Coatings & Performance Monomers and Consumer Solutions. These businesses primarily utilize Dow's acrylics, cellulosics- and silicone-based technology platforms to serve the needs of the architectural and industrial coatings, home care and personal care end-markets. The Industrial Intermediates & Infrastructure segment consists of two customer-centric global businesses Industrial Solutions and Polyurethanes & CAV that develop important intermediate chemicals that are essential to manufacturing processes, as well as downstream, customized materials and formulations that use advanced development technologies. The Packaging & Specialty Plastics segment consists of two global businesses: Hydrocarbons & Energy and Packaging and Specialty Plastics. The company was founded on August 30, 2018 and is headquartered in Midland, MI.

Compagnie de Saint-Gobain SA Wholesale: Industrial Products & Manufacturing - Courbevoie, Fra

Compagnie de Saint-Gobain SA engages in the production and distribution of construction materials. It operates through the following business segments: Innovative Materials, Construction Products, and Building Distribution. The Innovative Materials segment offers a unique portfolio of materials and processes for the habitat and industrial markets. The Construction Products segment offers interior and exterior solutions to enhance the comfort of buildings and homes, including plaster, acoustic and thermal insulation, wall facing, roofing and pipe systems. The Building Distribution segment serves the new building, renovation and home improvement markets. The company was founded in 1665 and is headquartered in Courbevoie, France.

Awards & Honors
Rank #480
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #480
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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