Reuters logo
BRIEF-Owens Corning reports Q1 adjusted earnings per share $0.85
April 26, 2017 / 11:40 AM / 8 months ago

BRIEF-Owens Corning reports Q1 adjusted earnings per share $0.85

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 Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below