On February 21, 2018, Owens Corning (the "Company") issued a press release announcing its financial results for the fourth quarter of 2017 and the fiscal year ended December 31, 2017.

Exhibit 99.1 contains certain financial measures that are considered "non-GAAP financial measures" as defined in the federal securities laws and contains a reconciliation of these non-GAAP financial measures to their most directly comparable financial measures calculated and presented in accordance with accounting principles generally accepted in the United States.

The information in Item 2.02 of this Current Report is being furnished to General Instructions B.2 of Form 8-K and shall not be deemed “filed” for the purposes of Section18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in Item 2.02 of this Current Report shall not be incorporated by reference into any registration statement or other document to the Securities Act of 1933.

Owens Corning Exhibit
EX-99.1 2 a2017-12x31pressrelease.htm EX-99.1 Exhibit Exhibit 99.1  Media Inquiries:   Investor Inquiries:Chuck Hartlage   Thierry Denis419.248.5395   419.248.5748Owens Corning Reports Fourth-Quarter and Full-Year 2017 ResultsCompany Grew Net Sales by 12% and Delivered Record Operating Cash Flow in 2017•Company delivered $289 million of net earnings and record adjusted EBIT of $855 million•Roofing produced revenue of $2.6 billion and EBIT of $535 million•Composites posted EBIT of $291 million,…
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About Owens Corning (NYSE:OC)

Owens Corning is a holding company, which is engaged in the business of composite and building materials systems. The Company’s products range from glass fiber used to reinforce composite materials for transportation, electronics, marine, infrastructure, wind-energy and other markets to insulation and roofing for residential, commercial and industrial applications. The Company operates in three segments, namely, Composites, Insulation and Roofing. Its Composites segment consists of its Reinforcements and Downstream businesses. The Company’s Insulation products include thermal and acoustical batts, loosefill insulation, foam sheathing and accessories, and are sold under various brand names, such as Owens Corning PINK FIBERGLAS Insulation. The Company’s primary products in the Roofing segment are laminate and strip asphalt roofing shingles. It sells shingles and roofing accessories primarily through home centers, lumberyards, retailers, distributors and contractors in the United States.