Owens Corning

For the period ended Sep 30, 2024. Filed Nov 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.

Sep 30, 2024 · Filed Nov 6, 2024

OC$122.97-3.2%Stored close · as of Nov 10, 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 EndedSeptember 30,		Nine Months EndedSeptember 30,
	2024	2023	2024	2023
NET SALES	$3,046	$2,479	$8,135	$7,373
COST OF SALES	2,138	1,752	5,680	5,305
Gross margin	908	727	2,455	2,068
OPERATING EXPENSES
Marketing and administrative expenses	279	201	740	612
Science and technology expenses	36	29	101	85
Gain on sale of site	—	—	—	(189)
Other expense, net	84	35	245	77
Total operating expenses	399	265	1,086	585
OPERATING INCOME	509	462	1,369	1,483
Non-operating income	—	(1)	(1)	(1)
EARNINGS BEFORE INTEREST AND TAXES	509	463	1,370	1,484
Interest expense, net	70	17	151	62
EARNINGS BEFORE TAXES	439	446	1,219	1,422
Income tax expense	120	110	318	361
Equity in net earnings of affiliates	2	1	4	2
NET EARNINGS	321	337	905	1,063
Net loss attributable to non-redeemable and redeemable noncontrolling interests	—	—	—	(2)
NET EARNINGS ATTRIBUTABLE TO OWENS CORNING	$321	$337	$905	$1,065
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO OWENS CORNING COMMON STOCKHOLDERS
Basic	$3.69	$3.74	$10.38	$11.75
Diluted	$3.65	$3.71	$10.28	$11.64
WEIGHTED AVERAGE COMMON SHARES
Basic	87.0	90.0	87.2	90.6
Diluted	87.9	90.9	88.0	91.5

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.