“Owens Corning had another great year with revenue growth of 12% and record operating cash flow. For the first time, all 3 businesses produced more than $2 billion of revenue.”

Mike Thaman - Chairman and Chief Executive Officer
February 21, 2018 – Q4 2017 Earnings Call

Why Owens Corning

OWENS CORNING develops, manufactures and markets insulation, roofing, and fiberglass composites. A Fortune 500® company for 63 consecutive years, the company develops solutions that save energy and improve comfort in commercial and residential buildings. Through its glass reinforcements business, Owens Corning makes thousands of products lighter, stronger and more durable.

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Price84.90 Change-0.13 Volume: 921,886 % Change-0.15% February 23, 2018 Pricing delayed 20 minutes

Press Releases

21 February, 2018 Owens Corning Reports Fourth-Quarter and Full-Year 2017 Results PDF format download (opens in new window)
Company Grew Net Sales by 12% and Delivered Record Operating Cash Flow in 2017 Company delivered $289 million of net earnings and record adjusted EBIT of $855 million Roofing produced revenue of $2.6 billion and EBIT of $535 million Composites posted EBIT of $291 million, a fifth consecutive year of improved performance Insulation increased revenue by 14% and delivered EBIT of $177 million, up 40% Completed acquisition of Paroc Group on February 5, 2018 Owens Corning (NYSE: OC) today reported consolidated net sales of $1.6 billion in fourth-quarter 2017, compared with $1.4 billion in fourth-quarter 2016, an increase of 16%. Full-year 2017 consolidated net sales were $6.4 billion , compared with $5.7 billion in 2016, an increase of 12%. Fourth-quarter 2017 net loss attributable to Owens Corning was $4 million, or $0.04 per diluted share, compared with net earnings of $86 million, or $0.76 per diluted share, during the comparable quarter in 2016. Fourth-quarter 2017 adjusted earnings ...
05 February, 2018 Owens Corning Completes Acquisition of Paroc Group, a Leading European Mineral Wool Manufacturer PDF format download (opens in new window)
Owens Corning (NYSE: OC) announced that it has received all regulatory clearances and completed the acquisition of Paroc Group (“Paroc”), a leading producer of mineral wool insulation for building and technical applications in Europe , for an enterprise value of approximately €900 million. “This is an important day for Owens Corning’s Insulation Business,” said Julian Francis, president of Owens Corning’s Insulation Business. “We’ve had a strategic goal to broaden our product portfolio and diversify our geographic scope to better address our customers’ needs and support their growth. The acquisition of Paroc does both. We now have a leading position in Europe and in the global mineral wool business.” On a full-year 2018 basis, Paroc is expected to deliver approximate revenue, EBITDA and EBIT of $500 million , $100 million , and $50 million , respectively. Paroc’s contribution to the 2018 financial results of Owens Corning’s Insulation Business will reflect the period of ownership ...
02 February, 2018 Owens Corning Elects Adrienne D. Elsner to Board of Directors PDF format download (opens in new window)
Owens Corning (NYSE: OC) today announced that Adrienne (Deanie) D. Elsner, President, U.S. Snacks, Kellogg Company , has been elected to the company's Board of Directors effective immediately. "We are pleased to welcome Deanie Elsner to our Board of Directors," said Owens Corning Chairman and Chief Executive Officer Mike Thaman. “With her extensive experience in business, marketing and product innovation, she will be a great asset to the company and is certain to make significant contributions to the Board.” Ms. Elsner joined Kellogg Company in August 2015 . Prior to joining Kellogg Company , she served more than 20 years in various leadership roles at Kraft Foods, Inc. , including Executive Vice President and Chief Marketing Officer. Her experience also includes sales roles at Procter & Gamble and Johnson & Johnson . Ms. Elsner has served on the Board of Directors of the Ad Council as well as the Museum of Science and Industry in Chicago . Ms. Elsner holds a bachelor's degree ...

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