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Owens Corning (OC)

OC on New York Consolidated

61.97USD
26 May 2017
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$0.12 (+0.19%)
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Latest Key Developments (Source: Significant Developments)

Owens Corning to acquire Pittsburgh Corning
Monday, 15 May 2017 07:30am EDT 

May 15 (Reuters) - Owens Corning ::Owens corning to acquire high-performance cellular glass manufacturer Pittsburgh Corning.Owens Corning - deal for approximately $560 million.Owens Corning - deal for approximately $560 million in cash, on a cash free and debt free basis.  Full Article

Owens corning says units entered into new amended, restated receivables purchase agreement
Tuesday, 9 May 2017 09:18am EDT 

May 9 (Reuters) - Owens Corning :Owens Corning - units entered into new amended, restated receivables purchase agreement related to co's, units' $250 million trade receivables financing facility.Owens Corning - second amended, restated rpa amends, restates in entirety, amended and restated receivables purchase agreement, dated as of dec 16, 2011.  Full Article

Owens Corning and Topbuild report settlement of contract dispute
Friday, 5 May 2017 09:00am EDT 

May 5 (Reuters) - Topbuild Corp ::Owens Corning and Topbuild announce settlement of contract dispute.Owens Corning - under terms of settlement, Topbuild will pay Owens Corning $30 million in cash.Owens Corning - settlement will also result in dismissal of lawsuit filed in may, 2016 in Toledo, Ohio in connection with dispute.Owens Corning - additional details of settlement agreement remain confidential..  Full Article

Owens Corning reports Q1 adjusted earnings per share $0.85
Wednesday, 26 Apr 2017 07:30am EDT 

April 26 (Reuters) - Owens Corning :Owens Corning reports first-quarter 2017 results.Q1 earnings per share $0.89.Q1 sales $1.5 billion versus I/B/E/S view $1.29 billion.Q1 earnings per share view $0.58 -- Thomson Reuters I/B/E/S.Q1 adjusted earnings per share $0.85.Capital additions in 2017 are expected to total approximately $375 million.Owens Corning - capital additions in 2017 are expected to total approximately $375 million. Interest expense is expected to be about $110 million.Owens Corning - in roofing, company expects continued growth in new construction and reroof demand in 2017.Owens Corning - in composites, company expects continued growth in glass fiber market, driven by moderate global industrial production growth.  Full Article

Owens Corning reports Q4 earnings per share $0.76
Wednesday, 8 Feb 2017 07:30am EST 

Owens Corning: Increases quarterly cash dividend by 11 percent year-over-year to $0.20per share . For insulation unit, expects to deliver revenue growth of about $100 million with ebit of $160 million or more in 2017 . Owens corning reports fourth-quarter and full-year 2016 results . Q4 earnings per share $0.76 . Q4 earnings per share view $0.60 -- Thomson Reuters I/B/E/S . Q4 adjusted earnings per share $0.72 . In 2017, "company expects an environment consistent with consensus expectations for u.s. Housing starts" . capital additions in 2017 are expected to total approximately $375 million . Owens corning says expects general corporate expenses to be between $120 million and $130 million in 2017 . Owens corning says capital additions in 2017 are expected to total approximately $375 million . Owens corning sees 2017 interest expense is expected to be about $110 million .in composites for 2017, co expects continued growth in glass fiber market, driven by moderate global industrial production growth.  Full Article

Owens Corning declared a quarterly cash dividend of $0.20 per common share
Friday, 2 Dec 2016 07:30am EST 

Owens Corning :Owens corning - board declared a quarterly cash dividend of $0.20 per common share, an 11% increase compared with prior quarterly dividend.  Full Article

Owens Corning Q3 earnings per share $0.97
Wednesday, 26 Oct 2016 07:25am EDT 

Owens Corning : Owens Corning says In Composites, co is on track to deliver ebit growth of about $30 million for 2016 . Owens corning reports third-quarter 2016 results . Q3 earnings per share $0.97 . Q3 sales $1.52 billion versus i/b/e/s view $1.51 billion . Q3 earnings per share view $0.99 -- Thomson Reuters I/B/E/S . Q3 adjusted earnings per share $1.09 . Sees fy 2016 revenue down about 5 percent in Insulation . Owens Corning - company continues to expect full-year adjusted EBIT of $700 million or more . Owens corning - additional share repurchase authorization for up to 10 million shares .Owens Corning - capital additions in 2016 are expected to total approximately $385 million.  Full Article

Owens Corning files for senior notes offering up to $400 mln
Friday, 5 Aug 2016 06:32am EDT 

Owens Corning :Owens Corning files for senior notes offering of up to $400 million - SEC filing.  Full Article

Owens Corning files for senior notes offering
Wednesday, 3 Aug 2016 08:50am EDT 

Owens Corning :Files for senior notes offering; size not disclosed - SEC filing.  Full Article

Owens Corning reports Q2 adjusted earnings per share $1.29
Wednesday, 27 Jul 2016 07:23am EDT 

Owens Corning Reports Second : Q2 earnings per share $1.19 . Q2 sales $1.55 billion versus I/B/E/S view $1.47 billion . Q2 earnings per share view $0.86 -- Thomson Reuters I/B/E/S . Company expects full-year adjusted ebit of $700 million or more . Capital additions in 2016 are expected to total approximately $385 million . "company expects an environment consistent with consensus expectations for u.s. Housing starts and moderate global growth" . Company expects full-year adjusted ebit of $700 million or more . Says plans to invest $110 million in expansion of its composites operations in india to serve growing indian market . Owens Corning says in insulation, company continues to expect slightly negative revenue growth and relatively flat margins for full year . In roofing co now expects low double-digit growth of u.s. Asphalt shingle market for 2016 . For roofing, company anticipates second-half shipments to be slightly down to flat versus prior year .In insulation, company continues to expect slightly negative revenue growth and relatively flat margins for full year.  Full Article

More From Around the Web

BRIEF-Owens Corning to acquire Pittsburgh Corning

* Owens corning to acquire high-performance cellular glass manufacturer Pittsburgh Corning