Owens Corning (OC) Bundle
An Overview of Owens Corning (OC)
General Summary of Owens Corning
Owens Corning (OC) is a global manufacturer of insulation, roofing, and fiberglass composites. Founded in 1938, the company operates in multiple segments including Composites, Insulation, and Roofing.
Company Products and Services
Owens Corning offers the following key product categories:
- Fiberglass insulation
- Roofing materials
- Composite solutions
- Building and industrial materials
Financial Performance in 2023
| Financial Metric | Amount |
|---|---|
| Total Revenue | $9.4 billion |
| Net Income | $1.1 billion |
| Earnings Per Share | $12.75 |
Market Leadership
Owens Corning ranks as a top global manufacturer in insulation and composites, with significant market presence across North America, Europe, and Asia.
Geographic Revenue Breakdown
| Region | Revenue Contribution |
|---|---|
| North America | 68% |
| Europe | 22% |
| Asia Pacific | 10% |
Key Performance Indicators
- Market Capitalization: $15.3 billion
- Global Employees: 19,000
- Manufacturing Facilities: 37
Mission Statement of Owens Corning (OC)
Mission Statement of Owens Corning (OC)
Owens Corning's mission statement focuses on sustainable innovation and material solutions across multiple industries.
Core Components of Mission Statement
| Revenue (2023) | $9.1 billion |
| Global Manufacturing Locations | 33 countries |
| Employees | 22,000+ |
Strategic Focus Areas
- Sustainable building materials
- Advanced composites
- Insulation technologies
Key Performance Metrics
| R&D Investment (2023) | $180 million |
| Carbon Reduction Goal | 50% by 2030 |
| Energy Efficiency Improvement | 22% since 2017 |
Market Positioning
Owens Corning operates in three primary business segments:
- Roofing
- Insulation
- Composites
Innovation Metrics
| Patent Portfolio | 1,200+ active patents |
| New Product Revenue | 18% of total sales |
Vision Statement of Owens Corning (OC)
Vision Statement of Owens Corning (OC) in 2024
Global Leadership in Sustainable Building SolutionsOwens Corning's vision statement for 2024 focuses on three key strategic dimensions:
Sustainable Innovation Targets
| Innovation Metric | 2024 Target |
|---|---|
| Sustainable Product Revenue | $7.2 billion |
| R&D Investment | $265 million |
| Carbon Reduction Goal | 50% reduction by 2030 |
Strategic Vision Components
Environmental Commitment- 100% recyclable insulation products
- Zero waste to landfill initiative
- 50% reduction in greenhouse gas emissions
Market Leadership Objectives
| Market Segment | 2024 Market Share |
|---|---|
| Residential Insulation | 38.5% |
| Roofing Materials | 22.7% |
| Composite Solutions | 15.3% |
Financial Performance Vision
Projected financial metrics for 2024:
- Total Revenue: $8.9 billion
- Operating Margin: 16.2%
- Return on Invested Capital (ROIC): 18.5%
Core Values of Owens Corning (OC)
Core Values of Owens Corning (OC) in 2024
Safety First Culture
Owens Corning reported Total Recordable Incident Rate (TRIR) of 0.37 in 2022, demonstrating commitment to workplace safety.
| Safety Metric | 2022 Performance |
|---|---|
| Total Recordable Incident Rate | 0.37 |
| Lost Time Incident Rate | 0.16 |
Environmental Sustainability
Owens Corning committed to reducing greenhouse gas emissions by 50% by 2030 from 2017 baseline.
- Renewable energy usage: 36% of total energy consumption in 2022
- Water reduction target: 25% reduction by 2030
- Circular economy initiatives focused on recycling materials
Innovation and Performance
| R&D Investment | 2022 Amount |
|---|---|
| Research and Development Spending | $95 million |
Diversity and Inclusion
As of 2022, Owens Corning's workforce composition:
- Women in leadership roles: 29%
- Women in global workforce: 23%
- Ethnic diversity in U.S. workforce: 32%
Integrity and Ethics
Owens Corning maintains a comprehensive ethics program with:
- Global Code of Conduct training completion rate: 99%
- Ethics hotline reports investigated: 100%
Customer Focus
| Customer Satisfaction Metric | 2022 Performance |
|---|---|
| Net Promoter Score | 68 |
Owens Corning (OC) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.