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Last $41.27 USD
Change Today +0.19 / 0.46%
Volume 940.6K
OC On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/6/15 All times are local (Market data is delayed by at least 15 minutes).

owens corning (OC) Snapshot

Open
$40.83
Previous Close
$41.08
Day High
$41.81
Day Low
$40.63
52 Week High
04/22/15 - $45.70
52 Week Low
10/15/14 - $28.38
Market Cap
4.9B
Average Volume 10 Days
1.4M
EPS TTM
$1.72
Shares Outstanding
118.0M
EX-Date
07/16/15
P/E TM
24.0x
Dividend
$0.68
Dividend Yield
1.57%
Current Stock Chart for OWENS CORNING (OC)

owens corning (OC) Related Businessweek News

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owens corning (OC) Details

Owens Corning, together with its subsidiaries, produces and sells glass fiber reinforcements and other materials for composite systems; and residential and commercial building materials worldwide. It operates in three segments: Composites, Insulation, and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber; and manufactures and sells glass fiber products in the form of fabrics, mat, veil, and other specialized products. Its products are used in pipe, roofing shingles, sporting goods, consumer electronics, telecommunications cables, boats, aircraft, defense, automotive, industrial containers, and wind-energy applications in the power and energy, housing, water distribution, industrial, transportation, consumer, and aerospace/military markets. The Insulation segment manufactures and sells fiberglass insulation into residential, commercial, industrial, and other markets for thermal and acoustical applications; and manufactures and sells glass fiber pipe insulation, flexible duct media, bonded and granulated mineral wool insulation, and foam insulation used in above- and below-grade construction applications. It sells its products primarily to the insulation installers, home centers, lumberyards, retailers, and distributors. The Roofing segment manufactures and sells residential roofing shingles and oxidized asphalt materials used in residential and commercial construction, and specialty applications. This segment sells its products through home centers, lumberyards, retailers, distributors, and contractors, as well as to roofing contractors and distributors for built-up roofing asphalt systems and to manufacturers various other industries, including automotive, chemical, rubber, and construction. The company was founded in 1938 and is headquartered in Toledo, Ohio.

14,000 Employees
Last Reported Date: 02/11/15
Founded in 1938

owens corning (OC) Top Compensated Officers

Chairman of the Board, Chief Executive Office...
Total Annual Compensation: $1.1M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $500.0K
Group President of Composite Solutions
Total Annual Compensation: $557.5K
Senior Vice President of Organization & Admin...
Total Annual Compensation: $481.7K
Compensation as of Fiscal Year 2014.

owens corning (OC) Key Developments

Owens Corning Declares Dividend for the Second Quarter of 2015, Payable on August 04, 2015

Owens Corning announced that its Board of Directors has declared a quarterly cash dividend of $0.17 per common share. The dividend will be payable on Aug. 4, 2015, to shareholders of record as of July 20, 2015.

Owens Corning Announces Executive Changes

Owens Corning announced the appointment of Ava Harter as senior vice president, general counsel and secretary, effective May 18, 2015. Harter currently serves as general counsel, chief compliance officer and corporate secretary of Taleris America LLC. Harter will succeed John Christy and serve as the company’s chief legal advisor, overseeing all aspects of law, compliance and securities compliance for Owens Corning.

Owens Corning Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Year 2015

Owens Corning reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net sales of $1,207 million against $1,278 million a year ago. Earnings before interest and taxes were $58 million against $108 million a year ago. Earnings before taxes were $32 million against $81 million a year ago. Net earnings attributable to the company were $18 million or $0.15 per share diluted against $120 million or $1.01 per share diluted a year ago. Adjusted EBIT was $60 million against $77 million a year ago. Adjusted earnings were $22 million or $0.19 per share diluted against $35 million or $0.29 per share diluted a year ago. Net cash flow used for operating activities was $149 million against $272 million a year ago. Additions to plant and equipment (including alloy) was $56 million against $51 million a year ago. For the year 2015, the company previously expected EBIT improvement of $50 million less foreign currency impact of $20 million associated with a stronger U.S. dollar. Based on a strong start to the year, the company now anticipates a full-year EBIT improvement of up to $70 million less foreign exchange impact of $25 million at current exchange rates. The company estimates an effective tax rate of 30% to 32%, and a cash tax rate of 10% to 12% on adjusted pre-tax earnings, due to the company’s $2.2 billion U.S. tax net operating loss carry forward. Capital expenditures in 2015 are now expected to total approximately $380 million, a $25 million increase over the prior estimate due to a portion of the cost for the construction of the new mineral wool plant. Interest expenses are expected to be about $110 million.

 

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Industry Analysis

OC

Industry Average

Valuation OC Industry Range
Price/Earnings 39.2x
Price/Sales 0.9x
Price/Book 1.3x
Price/Cash Flow 39.1x
TEV/Sales 0.5x
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