Owens Corning operates like a well-oiled machine: reporting net sales of $2.6 billion, similar to the prior year-over-year quarter, and returning $160 million to shareholders through dividends and stock buybacks.
Beacon announced Q2 2023 results, beating Wall Street estimates slightly with earnings of $2.5 billion; the company attributed the sales increase to higher prices, acquired branches, and strategic investments
Beacon announced an agreement to repurchase all outstanding shares of its Series A Cumulative Convertible Participating Preferred Stock held by Clayton, Dubilier & Rice, LLC; the company also provided a preview of its 2023 Q2 results, which will be announced after the market closes on August 3.
Owens Corning (NYSE:OC) announced on June 15 the company would issue a second-quarter dividend payment of $0.52 per common share, payable on August 4, 2023.