Owens Corning
For the period ended Mar 31, 2024. Filed Apr 24, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 24, 2024
OC$127.02+4.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Earning
CONSOLIDATED STATEMENTS OF EARNINGS
(in millions, except per share amounts)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| NET SALES | $2,300 | $2,331 |
| COST OF SALES | 1,620 | 1,742 |
| Gross margin | 680 | 589 |
| OPERATING EXPENSES | ||
| Marketing and administrative expenses | 212 | 204 |
| Science and technology expenses | 31 | 28 |
| Gain on sale of site | — | (189) |
| Other expense, net | 34 | 12 |
| Total operating expenses | 277 | 55 |
| OPERATING INCOME | 403 | 534 |
| Non-operating expense | — | — |
| EARNINGS BEFORE INTEREST AND TAXES | 403 | 534 |
| Interest expense, net | 17 | 22 |
| EARNINGS BEFORE TAXES | 386 | 512 |
| Income tax expense | 88 | 130 |
| NET EARNINGS | 298 | 382 |
| Net loss attributable to non-redeemable and redeemable noncontrolling interests | (1) | (1) |
| NET EARNINGS ATTRIBUTABLE TO OWENS CORNING | $299 | $383 |
| EARNINGS PER COMMON SHARE ATTRIBUTABLE TO OWENS CORNING COMMON STOCKHOLDERS | ||
| Basic | $3.42 | $4.19 |
| Diluted | $3.40 | $4.17 |
| WEIGHTED AVERAGE COMMON SHARES | ||
| Basic | 87.3 | 91.3 |
| Diluted | 87.9 | 91.9 |
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