Owens Corning (OC) PT Raised to $70 at MKM Partners
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Owens Corning (OC) Announces Acquisition of Paroc Group for ~$1.047B
October 30, 2017 5:39 AM EDTOwens Corning (NYSE: OC) today announced that it has signed an agreement with CVC Capital Partners to acquire Paroc Group for an enterprise value of approximately 900 million. The transaction, which is subject to regulatory approvals and other customary conditions, is anticipated to close in early 2018.
Paroc is a leading European manufacturer of high-performance mineral wool insulation solutions for a variety of end markets. Paroc manufactures building insulation for thermal, fire and acoustic applications in residential and commercial construction. The company also manufactures technical insulation for HVAC systems; industrial processes; and the marine, offshore and original... More
Owens Corning (OC) Misses Q3 EPS by 1c, Offers Outlook
October 25, 2017 7:36 AM EDTOwens Corning (NYSE: OC) reported Q3 EPS of $1.25, $0.01 worse than the analyst estimate of $1.26. Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.63 billion.
2017 Outlook
The company continues to anticipate an environment consistent with consensus expectations for U.S. housing starts and improving global industrial production growth.In Roofing, third-quarter volumes remained strong for both shingles and components. For the first nine months of 2017, industry shingle shipments were up by... More