Fly News Breaks for August 10, 2018
BECN, OC
Aug 10, 2018 | 07:23 EDT
As previously reported, KeyBanc analyst Kenneth Zener downgraded Owens Corning (OC) to Sector Weight from Overweight, telling investors in a research note that while the company benefits from rising Insulation prices, volatile Roofing demand and Composite margins warrant a cautious stance. The analyst also downgraded Beacon Roofing (BECN) to Sector Weight.
News For OC;BECN From the Last 2 Days
OC
Apr 24, 2024 | 06:23 EDT
Sees Q2 EBIT margin 20%. Sees FY24 effective tax rate 24%-26%.
OC
Apr 24, 2024 | 06:12 EDT
Sees FY24 interest expense $70M-$80M; effective tax rate on adjusted earnings 24%-26%; capital additions $550M; and depreciation and amortization $550M.