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Owens Corning (OC.N)

OC.N on New York Stock Exchange

64.93USD
17 Jul 2018
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$0.48 (+0.74%)
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Latest Key Developments (Source: Significant Developments)

Owens Corning Files For Potential Mixed Shelf Offering
Thursday, 31 May 2018 

May 31 (Reuters) - Owens Corning ::OWENS CORNING FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED - SEC FILING.  Full Article

Owens Corning Reports Q4 Loss Per Share $0.04
Wednesday, 21 Feb 2018 

Feb 21 (Reuters) - Owens Corning ::REPORTS FOURTH-QUARTER AND FULL-YEAR 2017 RESULTS.Q4 LOSS PER SHARE $0.04.Q4 SALES ROSE 16 PERCENT TO $1.6 BILLION.Q4 ADJUSTED EARNINGS PER SHARE $1.11.‍COMPANY EXPECTS GENERAL CORPORATE EXPENSES TO BE BETWEEN $140 MILLION AND $150 MILLION IN 2018​.‍CAPITAL ADDITIONS IN 2018 ARE EXPECTED TO TOTAL APPROXIMATELY $500 MILLION​.INTEREST EXPENSE IS EXPECTED TO BE BETWEEN $125 MILLION - $130 MILLION FOR 2018.  Full Article

Owens Corning Files For Potential Mixed Shelf
Thursday, 11 Jan 2018 

Jan 11 (Reuters) - Owens Corning ::OWENS CORNING FILES FOR POTENTIAL MIXED SHELF; SIZE NOT DISCLOSED - SEC FILING.  Full Article

Owens Corning Declares Fourth-Quarter 2017 Dividend
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - Owens Corning ::DECLARES FOURTH-QUARTER 2017 DIVIDEND.DECLARED A QUARTERLY CASH DIVIDEND OF $0.21 PER COMMON SHARE, A 5% INCREASE COMPARED WITH PRIOR QUARTERLY DIVIDEND.  Full Article

Owens Corning entered into two loan agreements related to proposed acquisition of entire capital stock of Parry I Holding AB​
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Owens Corning :Owens Corning-on Oct. 27 , co entered into two loan agreements associated with its proposed acquisition of entire capital stock of Parry I Holding AB​.Owens Corning - ‍term loan agreement provides for a term loan facility in an aggregate principal amount of $600 million - SEC filing​.Owens Corning - ‍364-day loan agreement provides for a term loan facility in an aggregate principal amount of $300 million​.Owens Corning - ‍borrowings under credit facilities may be used by company to finance acquisition of entire capital stock of Parry I Holding AB​.Owens Corning - ‍term loan credit facility matures on earlier of three years after funding or date of acceleration pursuant to its terms​.Owens Corning - ‍364-day credit facility matures on earlier of October 26, 2018 or date of acceleration pursuant to its terms​.  Full Article

Owens Corning to buy European mineral wool maker Paroc Group
Monday, 30 Oct 2017 

Oct 29 (Reuters) - Owens Corning -:Owens Corning to acquire Paroc Group, a leading European mineral wool manufacturer.‍signed agreement with CVC Capital partners to acquire Paroc Group for enterprise value of approximately EUR 900 million​.‍transaction is expected to be immediately accretive to 2018 earnings per share, excluding transaction and integration costs​.‍transaction is expected to yield a run rate of operational synergies of eur 15 million by end of 2019​.‍company plans to finance acquisition through a combination of long-term debt and pre-payable bank financings​.  Full Article

Owens Corning says Q3 earnings per share $0.85
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Owens Corning -:Owens corning reports third-quarter 2017 results.Q3 earnings per share $0.85.Q3 sales $1.7 billion versus I/B/E/S view $1.63 billion.Q3 earnings per share view $1.26 -- Thomson Reuters I/B/E/S.Q3 adjusted earnings per share $1.25.Owens Corning - sees ‍capital additions in 2017 to total approximately $385 million​.Owens Corning - ‍retired remaining $144 million of outstanding bonds maturing in 2019, and $140 million of bonds maturing in 2036​.Owens Corning - ‍continues to expect 2017 adjusted EBIT of at least $825 million​.Owens Corning-sees environment consistent with consensus expectations for U.S. housing starts, improving global industrial production growth in 2017​.Owens Corning - ‍ in composites, for 2017, co now expects EBIT growth of about $20 million for full year ​.Owens Corning - ‍ in insulation, company continues to expect to deliver revenue growth of more than $250 million and EBIT of about $185 million for FY 2017​.  Full Article

Owens Corning reports Q2 earnings per share $0.85
Wednesday, 26 Jul 2017 

July 26 (Reuters) - Owens Corning ::Owens Corning reports second-quarter 2017 results.Q2 earnings per share $0.85.Q2 sales $1.6 billion versus I/B/E/S view $1.48 billion.Q2 earnings per share view $1.08 -- Thomson Reuters I/B/E/S.Q2 adjusted earnings per share $1.20.Owens Corning - capital additions in 2017 are expected to total approximately $385 million.Owens Corning - for full-year 2017, company expects adjusted ebit of at least $825 million, as growth accelerates in second half of year.Owens Corning -for 2017 sees environment consistent with consensus expectations for U.S. Housing starts, moderate global industrial production growth.Owens Corning - in insulation, company now expects to deliver revenue growth of more than $250 million and ebit of about $185 million in 2017.Owens Corning - in 2017, in composites, expects ebit growth of about $30 million, with improved outlook primarily driven by stronger volume expectations.Owens Corning - on June 26, 2017, company issued a new 30-year bond of $600 million at 4.3 percent.Owens Corning - on June 26, 2017 launched a tender offer for all of outstanding bonds maturing in 2019, and up to $140 million of bonds maturing in 2036.Owens Corning - in association with tender offer, co expects to incur a loss on debt extinguishment of approximately $70 million in third-quarter 2017.  Full Article

Owens Corning announces commencement of cash tender offers for certain of its outstanding notes
Wednesday, 21 Jun 2017 

June 21 (Reuters) - Owens Corning :Owens corning announces commencement of cash tender offers for certain of its outstanding notes.Owens corning - commencing cash tender offers for any and all of its outstanding 9% senior notes due 2019 and a portion of 7% senior notes due 2036.Owens corning - aggregate principal amount of 2036 notes that may be purchased in tender offer with respect to 2036 notes will be up to $140 million.  Full Article

Owens Corning announces senior note offering
Wednesday, 21 Jun 2017 

June 21 (Reuters) - Owens Corning ::Owens Corning announces senior note offering.Owens Corning -intends to use portion of proceeds of notes offering to fund portion of acquisition of Pittsburgh Corning,Pittsburgh Corning Europe NV.Owens Corning - intends to use remaining net proceeds to fund repurchase 9.% senior notes due 2019, a portion of 7% senior notes due 2036, among others.  Full Article

BRIEF-Owens Corning Says On May 4, 2018, Owens Corning Entered Into A Credit Agreement

* OWENS CORNING - ON MAY 4, 2018, OWENS CORNING ENTERED INTO A CREDIT AGREEMENT - SEC FILING