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Owens Corning (OC.N)

OC.N on New York Stock Exchange

58.24USD
21 Sep 2018
Change (% chg)

$-0.37 (-0.63%)
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$58.61
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Volume
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$96.51
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$55.39

Latest Key Developments (Source: Significant Developments)

Brian Chambers Appointed President And Chief Operating Officer Of Owens Corning
Tuesday, 31 Jul 2018 

July 31 (Reuters) - Owens Corning ::BRIAN CHAMBERS APPOINTED PRESIDENT AND CHIEF OPERATING OFFICER OF OWENS CORNING.OWENS CORNING - GUNNER SMITH APPOINTED PRESIDENT, ROOFING.OWENS CORNING - BRIAN CHAMBERS APPOINTED PRESIDENT AND COO EFFECTIVE AUG 1.  Full Article

Owens Corning Announces Strategic Cooperation & Supply Agreement With CPIC
Tuesday, 26 Jun 2018 

June 26 (Reuters) - Owens Corning ::OWENS CORNING ANNOUNCES STRATEGIC COOPERATION & SUPPLY AGREEMENT WITH CPIC.OWENS CORNING - FACILITY IN CHINA TO BE OPERATIONAL BY MID-2019, TO INCLUDE GLASS FURNACE WITH ANNUAL PRODUCTION CAPACITY OF 110,000 METRIC TONS.  Full Article

Owens Corning Reports Q1 Earnings Per Share Of $0.82
Wednesday, 25 Apr 2018 

April 25 (Reuters) - Owens Corning ::REPORTS FIRST-QUARTER 2018 RESULTS.Q1 EARNINGS PER SHARE $0.82.Q1 SALES $1.7 BILLION VERSUS I/B/E/S VIEW $1.62 BILLION.Q1 EARNINGS PER SHARE VIEW $0.96 -- THOMSON REUTERS I/B/E/S.Q1 ADJUSTED EARNINGS PER SHARE $0.80.FOR FULL-YEAR 2018, COMPANY EXPECTS TO CONVERT ADJUSTED EARNINGS INTO FREE CASH FLOW AT ABOUT 100%.CAPITAL ADDITIONS IN 2018 ARE EXPECTED TO TOTAL APPROXIMATELY $500 MILLION.EXPECTS AN ENVIRONMENT IN 2018 CONSISTENT WITH CONSENSUS EXPECTATIONS FOR U.S. HOUSING STARTS AND GLOBAL INDUSTRIAL PRODUCTION GROWTH.  Full Article

Owens Corning Estimates Tax Cuts Will Result In Non-Cash Charge Of About $100 Million
Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - Owens Corning ::OWENS CORNING SAYS ‍CURRENTLY ESTIMATES THAT TAX CUTS & JOBS​ ACT WILL RESULT IN ONE-TIME, NON-CASH CHARGE OF ABOUT $100 MILLION IN Q4 OF 2017 - SEC FILING.  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

Mass evacuations ordered as Hurricane Florence heads toward Carolinas

HOLDEN BEACH, N.C., Sept 11 Mass evacuations were ordered along the U.S. Atlantic Coast as Hurricane Florence, a Category 4 storm and the most powerful to menace the region in nearly three decades, barreled toward the region on Tuesday.