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Last $47.11 USD
Change Today -0.23 / -0.49%
Volume 547.2K
OC On Other Exchanges
New York
As of 5:15 PM 11/27/15 All times are local (Market data is delayed by at least 15 minutes).

owens corning (OC) Snapshot

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52 Week High
11/19/15 - $48.50
52 Week Low
12/15/14 - $32.67
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Current Stock Chart for OWENS CORNING (OC)

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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 Announces Amendment to Credit Agreement

On November 13, 2015, Owens Corning and certain of its subsidiaries entered into the amended and restated credit agreement, which amends and restates the credit agreement dated as of May 26, 2010, by and among the company, certain of its subsidiaries, the lenders signatory thereto and Wells Fargo Bank, National Association, as Administrative Agent. The restated credit agreement amends the credit facility contemplated by the Prior Credit Agreement to provide for, among other things, the following: (i) the extension of the maturity date from November 19, 2018 to November 13, 2020, and (ii) an increase in the uncommitted incremental loans that are permitted under the facility from $200 million to $600 million.

Owens Corning Announces North American Launch of its Innovative PulStrand 4100 Roving at the CAMX 2015 Show

Owens Corning announced the North American launch of its innovative PulStrand 4100 roving at the CAMX 2015 show. The PulStrand 4100 roving delivers breakthrough processing advantages and performance benefits in pultrusion compared to existing competitive offerings. The global composites market for pultrusion continues to grow requiring higher performing solutions. The PulStrand 4100 product, introduced in Europe in early 2015, offers superior processing qualities, strength, and fatigue resistance in a multi-compatible product for polyester, vinyl ester, epoxy, and polyurethane resin systems. This higher-productivity material has the potential to provide faster line speeds while reducing downtime, scrap, and labor, and enhances the modulus and durability of the pultruded profiles for a variety of high-performance markets. The sizing chemistry of the PulStrand 4100 product ensures excellent resin-to-glass adhesion and fast, uniform wet-out "by more than 50% when compared to existing products. Further extensive benchmark tests of competitive products have also shown a reduction of fuzz formation of up to 92%, less part owing, and deformation and excellent humidity resistance. In addition, the sizing also allows for increased glass content (higher modulus) and helps to improve the flexural, shear, and compressive strength of composite products. Tests have highlighted an increase of up to 57% in flexural strength. Combining these characteristics with the outstanding corrosion resistance provided by Advantex® E-CR glass, the PulStrand 4100 product is specially designed to optimize the durability and service life of applications in corrosive environments. The PulStrand 4100 product covers a wide tex range (600-9600) and can be customized to specific application requirements allowing for the production of profiles for the consumer, recreation, corrosion, electrical, transportation, and construction markets.

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