Owens Corning

Industry: Construction Agriculture Supplies

Fortune Rank: 432

Owens Corning provides building materials systems and composites systems to various consumers and industrial customers. Its Building Materials Systems segment sells insulating systems, including thermal and acoustical insulation, air ducts formed from glass wool fibers, and foam insulation; exterior systems for the home, including roofing shingles, vinyl siding and accessories, windows and doors, cast stone building products, and housewrap; and asphalt products. These products are used primarily in the home improvement, new residential construction, manufactured housing, and commercial construction markets. The company sells these products primarily in the United States and Canada through home centers, lumberyards, retailers, and distributors. The Composite Solutions segment produces glass fiber materials used in composites. This segment sells composite materials to original equipment manufacturers and boat builders, both directly and through distributors, primarily in North America, Europe, Latin America, and Asia Pacific. It has joint ventures with Violet Reinforcement, S. de R.L and and Vitro-Fibras, S.A. The company was founded in 1938 and is headquartered in Toledo, Ohio. Owens Corning and its 17 U.S. subsidiaries filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in October 2000, and operate business as debtors-in-possession.

Owens Corning

Owens Corning is a Fortune 500 company. In 2010 Owens Corning was ranked number 432 on the Fortune 500 list, making it the 432nd largest company in the United States when judged by revenue.

Owens Corning achieved revenue of $4,803.00 million in 2010 and earned a profit of $64.00 million.

Owens Corning's rank changes

The company's ranking in 2010 was a decline from 2009 when it was ranked 422nd on the Fortune 500. The Previous ranking was based on its 2009 revenue of $5,847 million (a change of -1 million compared to 2010) and profits of $-839 million (a change of 903 million compared to 2010).

Another point of view

To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then Owens Corning would be ranked 374th rather than 432nd due to its profits of $64 in 2010.

Owens Corning Revenue* Profit* Fortune Ranking

* US$ Million

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