Owens Corning

Olive Resource Capital Provides Update on Investments for August 2026

Olive Resource Capital's investment portfolio rose to $23,295,754 as of August 31, 2026, up approximately 8% for the month and roughly 22% from $16,473,208 at the end of December 2025. Largest position Omai Gold Mines was valued at $6,657,980, with gains attributed to resource equities outperforming gold, copper, and oil, helped by a weaker U.S. dollar index and declining long-term yields. Management noted Olive was a net-buyer in July and August and holds an above-average cash position following an August equity offering, with plans to keep deploying capital into companies with near-term catalysts. No shares were repurchased under the NCIB during August; the company holds 4,046,000 shares in treasury pending cancellation and has 136,463,754 common shares outstanding.

•1mo ago

Olive Resource Capital Reports Q2 2026 Financial Statements and Investment Performance

Olive Resource Capital reported Q2 net income of $1.5 million, with NAV per share rising 14.5% to $0.166, driven by a $2.4 million increase in portfolio value to $18.9 million. Subsequent to the quarter end, the company closed a non-brokered private placement, raising approximately $3.2 million through the sale of 29.3 million shares at $0.11 per share. Management noted that despite a challenging quarter for resource equities, the firm outperformed mining indices by increasing its cash position during peak seasonality trends.

•1mo ago

Olive Resource Capital Provides Update on Investments for July 2026

Olive Resource Capital reported an increase in its investment portfolio value to $18.65 million as of July 31, 2026, up from $16.47 million at the end of 2025. The company repurchased 30,000 common shares in July under its Normal Course Issuer Bid, leaving total shares outstanding at 107.2 million. Management noted that crude oil and copper were the best performing commodities during the period, with precious metals rebounding alongside a weaker U.S. dollar.

•2mo ago

Owens Corning Demonstrates Value of Reshaped Company; Delivers Strong Results from Continuing Operations in the Second Quarter

Owens Corning reported Q2 net sales of $2.76 billion, roughly flat with the prior year, while generating free cash flow of $199 million, a 54% increase year-over-year. The company completed the sale of its glass reinforcements business in April and announced a leadership transition, appointing Jonathan Collins as CFO effective August 10 while current CFO Todd Fister moves to President and COO. Management guided for Q3 revenue of $2.6 billion to $2.7 billion with an adjusted EBITDA margin of 20% to 22%, and returned $264 million to shareholders through dividends and buybacks.

•2mo ago

Owens Corning Appoints Jonathan Collins as Chief Financial Officer to Advance Strategic Priorities and Strengthen Value Creation

Owens Corning has appointed Jonathan Collins as Executive Vice President and Chief Financial Officer, effective August 10, succeeding Todd Fister. Fister will transition to the role of President and Chief Operating Officer, assuming responsibility for key enterprise initiatives and the execution of the OC Advantages strategy. Collins joins the company from Clarivate, where he served as CFO since 2021, bringing experience in capital deployment and scaling businesses to the residential-focused building products leader.

•2mo ago

Owens Corning Declares Second-Quarter 2026 Dividend

Owens Corning’s Board of Directors declared a quarterly cash dividend of $0.79 per common share, maintaining its existing shareholder return policy. The dividend is payable on August 6, 2026, to shareholders of record as of July 20, 2026. Future dividend declarations will remain at the discretion of the Board based on the company’s financial condition and prospects.

•4mo ago

Olive Resource Capital Reports Q1 2026 Financial Statements and Investment Performance

Olive Resource Capital reported a record net income of $1,172,226 or $0.01 per share for Q1 2026, up from $1,106,501 or $0.01 per share in Q1 2025. The company's investment portfolio increased to $17,451,792 as of March 31, 2026, from $16,473,208 on December 31, 2025, primarily due to stock price appreciation. Net asset value (NAV) per share rose to $0.152 in Q1 2026, up from $0.145 in Q4 2025, reflecting positive investment performance.

•5mo ago

Olive Resource Capital Provides Update on Investments for April 2026

Olive Resource Capital reported a total portfolio value of $19.73 million as of April 30, 2026, representing an increase from $16.47 million at year-end 2025. The firm cited significant outperformance driven by holdings including Omai Gold Mines and Aurion Resources, helping recover losses from the prior month. Olive holds 4.08 million common shares in treasury pending cancellation and currently has 106.74 million shares outstanding.

•5mo ago

Owens Corning Completes Sale of Glass Reinforcements Business to Praana Group

Owens Corning has completed the sale of its glass reinforcements business to Praana Group for an enterprise value of $645 million. The company received approximately $280 million in upfront cash proceeds, which it plans to use for organic growth initiatives and cash returns to shareholders. Owens Corning also expects to generate an additional $50 million to $70 million from excess alloy sales over the next year.

•5mo ago