Owens Corning reports 4Q and FY 2014 results

  Company financial news

2014 adjusted EBIT in line with prior year; Board declares 6% dividend increase; insulation delivered 14th consecutive quarter of EBIT growth; increased full-year EBIT by USD 68 million; composites delivered 6th consecutive quarter of EBIT improvement; grew 2014 earnings by 50%; roofing achieved commercial objectives for the second half.

Financialresults
Owens Corning has reported consolidated net sales in line with 2013 results
Owens Corning has reported consolidated net sales of USD 5.3 billion in 2014, in line with net sales of USD 5.3 billion in 2013.
Full-year 2014 adjusted earnings were USD 208 million, or USD 1.76 per diluted share, compared to adjusted earnings of USD 221 million, or USD 1.86 per diluted share, in 2013. Net earnings in 2014 were USD 226 million, or USD 1.91 per share, compared to net earnings of USD 204 million, or USD 1.71 per diluted share last year.
Fourth-quarter 2014 adjusted earnings were USD 55 million, or USD 0.47 per diluted share, compared with USD 52 million, or USD 0.44 per diluted share, during the same period one year ago. The company reported net earnings of USD 33 million, or USD 0.28 per diluted share, in the fourth quarter of 2014, compared with net earnings of USD 82 million, or USD 0.69 per diluted share, in 2013.
"Owens Corning made significant progress in 2014. All three businesses made meaningful contributions to earnings," said Chairman and Chief Executive Officer Mike Thaman. "Insulation contributed over USD 100 million of EBIT on one million US lagged housing starts. Composites delivered its sixth consecutive quarter of EBIT improvement and grew EBIT for the full year by more than 50%. In Roofing, we achieved our commercial objective during the second half of the year by regaining our historical market position in a stable fourth-quarter pricing environment."
The Board has declared a quarterly dividend of 17 cents per common share payable on 2 April...



expand

Channel: Company financial news

4.225 Total news items for this channel since 1996
Next »
Page  1 2 3 4 5 6 7 8 9 10... Last of 101 
latest Order by:

GlassOnline News by Channel

Increasedrevenue

2017-05-30
During the quarter ended March 2017, Asahi India Glass saw a 14.17% increase in net profit, while sales were up 3.79%...

Iposharestock58e79b5363337

2017-05-26
After launching a public offering of 14 million shares of its common stock, Jeld-Wen is now reporting a big stock sale.

Glaston

2017-05-19
Libbey's Board of Directors has declared the company's quarterly dividend, payable on 14 June 2017.

2017-05-16
Shares of Zignago Vetro currently have a 10-year dividend growth rate of 1.91%, a sign of a healthy stock.

StefanTraeger1

2017-05-16
Group revenue rose by 3.5% to EUR 163.7 million; EBIT improved by 13.0% to EUR 11.0 million; significant 39.7% rise in...

2017-05-10
Sri Lanka’s only glass bottle maker, Piramal Glass Ceylon PLC, posted a net profit of Rs.209.75 million for its fourth q...

Libby

2017-05-04
The company revises its full-year outlook to reflect softer business conditions.

Alliedglass

2017-04-28
Allied Glass Containers boosted by a £75m debt restructuring deal

Gerresheimerlogo

2017-04-28
Dividend increased for sixth time in succession to EUR 1.05 per share.

201702050336222016102605573920140915025742Corning

2017-04-26
Corning continues to deliver value to shareholders.

Untitled

2017-04-26
GSA Capital Partners, Menta Capital, Teachers Advisors, and Boston Partners raised stake in Ferro Co. (FOE)

Piramalimage

2017-04-24
The company's margins and profits to remain flat, but stock has upside.

Untitled

2017-04-24
Shanghai Yaohua Pilkington Glass Group earnings highlights

Libby

2017-04-21
Libbey Inc. warns of quarterly financial loss and lower sales.

Untitled

2017-04-20
Apogee Enterprises Inc. released its FY 2017 fourth-quarter and full-year results, as well as its 2018 outlook.

Glaston

2017-04-19
Glaston publishes the January 1–March 31, 2017 Interim Report on Wednesday, April 26, 2017 at 13.00.

OILogoDarkGrey

2017-04-18
Shares of Owens-Illinois (NYSE:OI) opened at 19.34 on Friday, April 14.

Ppglogo

2017-04-14
Thrivent Financial for Lutherans increased its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 6.7% during the...

AGLogo

2017-04-14
The Ardagh Group raised €290 million in its New York IPO last month.

Gerresheimerlogo

2017-04-07
Revenues at Gerresheimer's business division that makes glass bottles and vials for drugs fell 2.9 percent in its...

Glaston

2017-04-07
The Annual General Meeting of Glaston Corporation was held on 4 April 2017 in Helsinki.

201702050336222016102605573920140915025742Corning

2017-04-06
Corning Inc., the region’s largest employer, will report its first-quarter earnings April 25.

Frigoglasse1456556756851

2017-03-31
Beta Glass outperforms on NSE

OILogoDarkGrey

2017-03-29
Owens-Illinois says OI European Group launches offering of notes

Vetro

2017-03-28
Zignago Vetro satisfied with 2016 financial performance

Sisecam

2017-03-28
Sisecam's net sales exceeds TL 8.4 billion with an 13.5% increase in 2016.

Vetropack

2017-03-23
Vetropack Group generated net sales from goods and services of CHF 601.7 million in the 2016 fiscal year, 8% more than...

ArdaghGrouplogo

2017-03-23
Ardagh Group S.A. announced the pricing of its initial public offering of 16,200,000 Class A common shares at a price...

OILogoDarkGrey

2017-03-20
The company announced the results of its previously announced tender offer.

Biswanger

2017-03-17
The Dallas-based investment firm, announced that it has partnered with CEO Tim Curran and management to acquire...

85a94f371d20f3bd9b31c3e20042c2b61

2017-03-15
The Bulgarian financial regulator has temporarily suspended the buyout offer by Bareck Overseas, a wholly owned...

Glastonlogo

2017-03-14
Notice is given to the shareholders of GLASTON CORPORATION to the annual general meeting to be held on 4 April 2017 at...

BeatsonClarklogo

2017-03-09
Leading glass manufacturer Beatson Clark has invested almost £3 million in the latest upgrade at its South Yorkshire ...

AGLogo

2017-03-08
Ardagh Group S.A. (“Ardagh” or the “Group”), a global leader in metal and glass packaging solutions, producing packagi...

20150727060004saintgobainlogo

2017-03-08
Compagnie de Saint-Gobain today set the terms of an 8 year bond issue for an amount of EUR 750 million with an annual...

85a94f371d20f3bd9b31c3e20042c2b6

2017-03-02
Bulgarian glassware and bottle maker Drujba Glassworks announced recently that it has turned a net profit of 16.1...

FerroLogo

2017-03-02
Ferro Corporation has reported results for the fourth quarter and full year ended December 31, 2016.

Ardaghgroup

2017-02-27
Ardagh Group has launched a bond offering for a total financing of approximately US$1.9 billion (US$/EUR), through the...

2017-02-22
PGT Innovations, Inc. (NYSE: PGTI), a leading U.S. manufacturer and supplier of impact-resistant windows and doors, has...

Ardaghgroup

2017-02-20
the purpose of converting its beverage can production capabilities from steel to aluminium.

Asahiindiaglass14283860886833300

2017-02-17
Asahi India Glass Ltd. has reported its results for the quarter ended December 31, 2016.

20141021021216Gerresheimerlogo

2017-02-16
Gerresheimer AG brought financial year 2016 to a successful close and sees strong growth prospects for the years ahead.

4.225 Total news items for this channel since 1996
Next »
Page  1 2 3 4 5 6 7 8 9 10... Last of 101 
Other channels: A.T.I.V. Articles - Adhesives and sealants - Advanced electronics - Anniversary - Art & culture - Autoglass - Automation and it - Automotive glass - Batch plants - Building applications - Case history - Coatings - Cold-end - Company financial news - Company news - Conditioning - Containers - Conveyors - Cooperation - Country outlook - Crystal - Cullet treatment - Cutting technology - Decoration - Design - Diamond Tools - Directives - Double glazing - Ecology - Edging - Energy saving - Events - Fibre treatment - Forming - Furnace technology - Glazing / Insulating Glass - Government - Grinding and bevelling - Handling - Ig equipment - Industry update - Innovation - Inspection - Laminating - Legal news - Machinery developments - Manufacturing technology - Markets & trends - Mergers, acquisitions & disposals - Mirror technology - Mould technology - Other news - Palletising/depalletising - People - Personnel & industrial relations - Photovoltaic glass - Plant technology - Printing and tempering - Processing - Product news - Production costs - Recycling - Refractories - Representative organizations - Research and development - Resin technology - Safety glass - Science & technology - Screen printing equipment - Sealants - Sector trends - Software - Specialist applications - Statistics - Storage and handling - Surface treatment - Surveys - Tableware - Tempering technology - Testing - Thermal imaging - Thermal insulation - Treatment plants - Tube production - Viewpoint - Worker safety -

Our Glass Magazines & Annual Guides Read online free of charge

Glass-Technology International
 
Glass Machinery Plants & Accessories
 
World Glass Directory
 
Flat Glass World Directory
 
Return to top

Powered by GlassOnline Logo

Copyright © Smartenergy S.r.l. 1996-2017 - All rights reserved

Smartenergy S.r.l. - publications@glassonline.com - Cookie policy
Registered office: Via Antonio Gramsci, 57 - 20032 Cormano (MI), Italy
Company registry - Milan, REA No.: MI-2022277 | Share capital: € 10,000 | P.IVA/VAT No.: IT 08386450962