Gold prices edge higher with focus on Ukraine-Russia, Jackson Hole
TOLEDO - Owens Corning (NYSE:OC), a global leader in building and construction materials with a market capitalization of $12.7 billion and strong financial health according to InvestingPro analysis, has announced the promotion of Gina Beredo to Executive Vice President, Chief Administrative Officer, and General Counsel. In this newly created role, Beredo will manage the company’s human resources function in addition to her current legal, corporate affairs, aviation, and community affairs duties.
Since joining Owens Corning in June 2021, Beredo has significantly influenced the company’s strategic direction. Her achievements include the successful acquisition and integration of Masonite International (NYSE:DOOR) Corporation and the divestiture of Owens Corning’s glass reinforcements business. These strategic moves come as the company maintains strong operational metrics, with a healthy gross profit margin of 29.8% and revenue of $11 billion in the last twelve months. Her efforts have also led to enhancements in the company’s legal and corporate affairs functions.
Brian Chambers, Chair and Chief Executive Officer of Owens Corning, praised Beredo’s contributions, stating that she has been crucial in driving organizational performance and preparing the company for growth. He commended her leadership and her role in fostering talent development within the company.
The announcement also acknowledges the service of Paula Russell, the outgoing Executive Vice President and Chief Human Resources Officer, who will be departing in mid-April to pursue personal growth opportunities. Chambers expressed gratitude for Russell’s 25-year tenure, during which she modernized human resources practices and played a vital role in the company’s operational and financial success.
Owens Corning, founded in 1938 and headquartered in Toledo, Ohio, operates in 31 countries with over 25,000 employees. The company is dedicated to sustainable innovation and reported sales of $11.0 billion in 2024. According to InvestingPro analysis, the company demonstrates solid financial fundamentals with a return on invested capital of 15% and has maintained dividend payments for 12 consecutive years. The stock is currently trading near its Fair Value based on comprehensive analysis available in the Pro Research Report, one of 1,400+ detailed company analyses available to InvestingPro subscribers. Beredo’s promotion is part of the company’s ongoing commitment to leadership excellence and strategic growth.
This executive shift reflects Owens Corning’s focus on internal talent elevation and the strategic alignment of its leadership team. The information is based on a press release statement from Owens Corning.
In other recent news, Owens Corning reported a strong performance in the fourth quarter of 2024, exceeding analyst expectations with an adjusted earnings per share (EPS) of $3.22, compared to the forecasted $2.90. The company also outperformed on revenue, posting $2.84 billion against the projected $2.78 billion, marking a 23% year-over-year growth. RBC Capital Markets maintained their Outperform rating on Owens Corning shares but reduced the price target from $224 to $212, citing a 6% lower forecast for fiscal year 2025 EPS due to the transition of the Glass Reinforcements business to discontinued operations. Despite the price target adjustment, RBC Capital remains optimistic about Owens Corning’s prospects, noting strong free cash flow and anticipated proceeds from the Glass Reinforcements business sale. Benchmark analysts maintained a Hold rating on Owens Corning, acknowledging the company’s robust fourth-quarter results but revising EPS estimates downwards by $2.00 for the current and following year due to ongoing market challenges. Owens Corning’s financial health is seen as stable, with the company effectively navigating market challenges while capturing demand in specific product categories. These developments highlight Owens Corning’s strategic shifts and financial performance in the face of evolving market conditions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.