Owens Corning

L2L Set to Announce Groundbreaking New Product Capabilities at Connected Workforce Summit

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木曜日, 5月 9, 2024

Frustration, Westinghouse, Workforce, JELD-WEN, Intelligence, Summit, Automation, AI, Grumman, Business intelligence, Dart Container, Tableau, Algorithm, Owens Corning, Medical device

SALT LAKE CITY, May 9, 2024 /PRNewswire-PRWeb/ -- L2L, the global leader in connected workforce solutions, is launching its latest product innovations at the upcoming Connected Workforce Summit. This event, being held on May 14-15 in Salt Lake City, Utah, will showcase new capabilities that help manufacturers succeed by empowering frontline workers to do their jobs better, more safely, and with less frustration. L2L's latest cutting-edge innovations will transform the connected workforce software landscape by enabling manufacturers to harness the full breadth of enterprise data to find immediate opportunities for operational improvement and worker empowerment.

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SALT LAKE CITY, May 9, 2024 /PRNewswire-PRWeb/ -- L2L , the global leader in connected workforce solutions, is launching its latest product innovations at the upcoming Connected Workforce Summit.
Branded as L2L Assist, AI now enables users to ask questions and receive recommendations via an intuitive chat-like interface.
"We're tremendously excited about the product innovations we'll be introducing at this year's summit," said John Davagian, CEO at L2L.
For more information about the Connected Workforce Summit and the latest innovations from L2L, visit http://www.l2l.com .

Masonite International Corporation Reports First Quarter Results

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月曜日, 5月 6, 2024

SG&A as a percentage of net sales increased 880 basis points to 23% compared to the first quarter of 2023.

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SG&A as a percentage of net sales increased 880 basis points to 23% compared to the first quarter of 2023.
During the first quarter, Masonite did not repurchase any shares of stock.
In light of this pending transaction, Masonite does not plan to hold a live conference call to discuss first quarter results.
Additional information on the Company's results can be found on our Form 10-Q to be filed with the Securities and Exchange Commission on May 7, 2024.

Qualtrics X4 Kicks Off in Salt Lake City

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水曜日, 5月 1, 2024

SALT LAKE CITY, May 1, 2024 /PRNewswire/ -- QUALTRICS X4 -- Qualtrics, the leader and creator of the experience management category, today announced the official kickoff of X4®: The Experience Management Summit. The world's largest gathering of experience management (XM) professionals is taking place May 1-3 at the Salt Palace Convention Center in Salt Lake City. The X4 mainstage program will begin with a keynote from Qualtrics CEO Zig Serafin.

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The world's largest gathering of experience management (XM) professionals is taking place May 1-3 at the Salt Palace Convention Center in Salt Lake City.
The X4 mainstage program will begin with a keynote from Qualtrics CEO Zig Serafin.
"We have a fantastic line-up of visionary leaders who will inspire and prepare everyone at X4 to improve the experiences at their own organizations," said Qualtrics CEO Zig Serafin.
"X4 is a can't-miss event for executives, thought leaders and experience management professionals who are unlocking growth by creating emotional connections at scale with their customers and employees."

Owens Corning Commences Exchange Offer and Masonite Commences Consent Solicitation

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水曜日, 5月 1, 2024

Owens Corning and Masonite are making the Exchange Offer and Consent Solicitation pursuant to the terms of and subject to the conditions set forth in the offering memorandum and consent solicitation statement dated May 1, 2024 (the “Statement”).

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Owens Corning and Masonite are making the Exchange Offer and Consent Solicitation pursuant to the terms of and subject to the conditions set forth in the offering memorandum and consent solicitation statement dated May 1, 2024 (the “Statement”).
Eligible Holders may not deliver consents to the Proposed Amendments in the Consent Solicitation without tendering Existing Masonite Notes in the Exchange Offer, and may not tender Existing Masonite Notes in the Exchange Offer without delivering consents in the Consent Solicitation.
To the extent any Existing Masonite Notes are not tendered and accepted in the Exchange Offer and Consent Solicitation, Owens Corning or Masonite may purchase any outstanding Existing Masonite Notes in the open market, in privately negotiated transactions, through one or more additional tender or exchange offers, by redemption or otherwise.
The New Owens Corning Notes will not be guaranteed by any of Owens Corning’s subsidiaries, including Masonite and its subsidiaries that guarantee the Existing Masonite Notes.

Owens Corning Announces Expiration of Hart-Scott-Rodino Waiting Period for Planned Acquisition of Masonite

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月曜日, 4月 29, 2024

Other Manufacturing, Commercial Building & Real Estate, Textiles, Construction & Property, Interior Design, Manufacturing, Building Systems, Other Construction & Property, Residential Building & Real Estate, OC, Masonite International, Masonite, Acquisition, HSR, Building material, Owens Corning

Owens Corning (NYSE: OC), a leader in global building and construction materials, today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”) in connection with the company’s previously announced acquisition of Masonite International Corporation (“Masonite”) (NYSE: DOOR).

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Owens Corning (NYSE: OC), a leader in global building and construction materials, today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”) in connection with the company’s previously announced acquisition of Masonite International Corporation (“Masonite”) (NYSE: DOOR).
The expiration of the waiting period occurred at 11:59 p.m. on April 26, 2024.
The expiration of the HSR Act waiting period satisfies a closing condition for the transaction.
Masonite previously announced that its shareholders voted to approve the company’s acquisition by Owens Corning at its Special Meeting of Shareholders.

Owens Corning and Masonite Extend Early Participation Deadline and Announce Successful Results of Early Participation in Tender Offer and Consent Solicitation

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金曜日, 4月 26, 2024

Except as set forth herein, all other terms and conditions of the Tender Offer and Consent Solicitation described in the Statement remain unchanged.

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Except as set forth herein, all other terms and conditions of the Tender Offer and Consent Solicitation described in the Statement remain unchanged.
The deadline to withdraw Masonite Notes and revoke related consents tendered and delivered in the Tender Offer and Consent Solicitation was 5:00 p.m., New York City time, on April 26, 2024, which deadline has not been extended (the “Withdrawal Deadline”).
Owens Corning and Masonite reserve the right to terminate, withdraw, extend or further amend the Tender Offer and Consent Solicitation as described in the Statement.
Holders of Masonite Notes (“Holders”) may not deliver consents to the Proposed Amendments in the Consent Solicitation without tendering Masonite Notes in the Tender Offer, and may not tender Masonite Notes in the Tender Offer without delivering consents to the Proposed Amendments in the Consent Solicitation.

Masonite Shareholders Approve Transaction with Owens Corning

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木曜日, 4月 25, 2024

Architecture, Residential Building & Real Estate, Manufacturing, Commercial Building & Real Estate, Construction & Property, Building Systems, Other Manufacturing, Masonite International, Multinational corporation, Special, Owens Corning, Supreme court

Masonite International Corporation (NYSE: DOOR) (“Masonite”) today announced that its shareholders have voted to approve the Company’s proposed transaction with Owens Corning at its Special Meeting of Shareholders.

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Masonite International Corporation (NYSE: DOOR) (“Masonite”) today announced that its shareholders have voted to approve the Company’s proposed transaction with Owens Corning at its Special Meeting of Shareholders.
As previously announced, under the terms of the transaction, Masonite shareholders will receive $133.00 per share in cash in connection with the closing of the transaction.
Howard Heckes, President and Chief Executive Officer of Masonite, said, “We thank our shareholders for their overwhelming support of this transaction.
Together with Owens Corning, we will be even better positioned to continue transforming the door industry through the execution of our proven Doors That Do More™ strategy.

Owens Corning Delivers Net Sales of $2.3 Billion; Generates Net Earnings of $299 Million and Adjusted EBIT of $438 Million

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水曜日, 4月 24, 2024

Other Construction & Property, Residential Building & Real Estate, Manufacturing, Commercial Building & Real Estate, Construction & Property, Other Manufacturing, RIR, Sale, Glass, Safety, Morgan Stanley, Masonite International, Corning, Masonite, Acquisition, Growth, Owens Corning, Glass fiber

Owens Corning engaged Morgan Stanley as its financial advisor to review strategic alternatives for its global glass reinforcements business.

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Owens Corning engaged Morgan Stanley as its financial advisor to review strategic alternatives for its global glass reinforcements business.
Owens Corning continues to invest in new product and process innovation to support customers and generate additional growth.
The company paid dividends of $52 million and repurchased 0.9 million shares of common stock for $130 million.
“Owens Corning delivered an outstanding start to the year, growing enterprise earnings and expanding margins in the first quarter.

Beacon Appoints Prithvi Gandhi as Executive Vice President and Chief Financial Officer

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月曜日, 4月 22, 2024

Beacon (Nasdaq: BECN) announced today the appointment of Prithvi (Prith) Gandhi as Executive Vice President and Chief Financial Officer.

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Beacon (Nasdaq: BECN) announced today the appointment of Prithvi (Prith) Gandhi as Executive Vice President and Chief Financial Officer.
Mr. Gandhi will join Beacon on May 1, 2024, and assume his role as Chief Financial Officer on or about May 6, 2024.
Prior to TAMKO, he served as Chief Financial Officer of Fast Radius, a 3D printing business that went public in 2022.
“I am very pleased to welcome Prith to the Beacon executive leadership team,” said Julian Francis, President and CEO, Beacon.

Owens Corning Commences Tender Offer and Masonite Commences Consent Solicitation

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月曜日, 4月 15, 2024

Owens Corning and Masonite are making the Tender Offer and Consent Solicitation pursuant to the terms of and subject to the conditions set forth in the offer to purchase and consent solicitation statement dated April 15, 2024 (the “Statement”).

Key Points:

Owens Corning and Masonite are making the Tender Offer and Consent Solicitation pursuant to the terms of and subject to the conditions set forth in the offer to purchase and consent solicitation statement dated April 15, 2024 (the “Statement”).
Holders may not deliver consents to the Proposed Amendments in the Consent Solicitation without tendering Masonite Notes in the Tender Offer, and may not tender Masonite Notes in the Tender Offer without delivering consents to the Proposed Amendments in the Consent Solicitation.
The Tender Offer and Consent Solicitation are conditioned upon, among other conditions, the consummation of the pending acquisition of Masonite by Owens Corning pursuant to the Arrangement Agreement, dated as of February 8, 2024 (as it may be amended, the “Arrangement Agreement”), by and among Owens Corning, MT Acquisition Co ULC, a wholly owned subsidiary of Owens Corning (“Purchaser”), and Masonite, which condition cannot be waived.
Owens Corning has engaged Morgan Stanley & Co. LLC as Lead Dealer Manager and Solicitation Agent and Wells Fargo Securities, LLC as Co-Dealer Manager and Solicitation Agent for the Tender Offer.