Owens Corning

For the period ended Jun 30, 2024. Filed Aug 6, 2024.

About this filing

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.

Jun 30, 2024 · Filed Aug 6, 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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Contents

Consolidated Statements of Earning

CONSOLIDATED STATEMENTS OF EARNINGS

(in millions, except per share amounts)

	Three Months EndedJune 30,		Six Months EndedJune 30,
	2024	2023	2024	2023
NET SALES	$2,789	$2,563	$5,089	$4,894
COST OF SALES	1,922	1,811	3,542	3,553
Gross margin	867	752	1,547	1,341
OPERATING EXPENSES
Marketing and administrative expenses	249	207	461	411
Science and technology expenses	34	28	65	56
Gain on sale of site	—	—	—	(189)
Other expense, net	127	30	161	42
Total operating expenses	410	265	687	320
OPERATING INCOME	457	487	860	1,021
Non-operating income	(1)	—	(1)	—
EARNINGS BEFORE INTEREST AND TAXES	458	487	861	1,021
Interest expense, net	64	23	81	45
EARNINGS BEFORE TAXES	394	464	780	976
Income tax expense	110	121	198	251
Equity in net earnings of affiliates	2	1	2	1
NET EARNINGS	286	344	584	726
Net earnings (loss) attributable to non-redeemable and redeemable noncontrolling interests	1	(1)	—	(2)
NET EARNINGS ATTRIBUTABLE TO OWENS CORNING	$285	$345	$584	$728
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO OWENS CORNING COMMON STOCKHOLDERS
Basic	$3.27	$3.81	$6.69	$8.01
Diluted	$3.24	$3.78	$6.63	$7.94
WEIGHTED AVERAGE COMMON SHARES
Basic	87.2	90.5	87.3	90.9
Diluted	88.0	91.3	88.1	91.7

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.