Owens Corning
For the period ended Dec 31, 2024. Filed Feb 24, 2025.
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FY2024 · Filed Feb 24, 2025
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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Consolidated Financial Statements
(in millions, except per share amounts)
| Twelve Months Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| NET SALES | $10,975 | $9,677 | $9,761 |
| COST OF SALES | 7,721 | 6,994 | 7,145 |
| Gross margin | 3,254 | 2,683 | 2,616 |
| OPERATING EXPENSES | |||
| Marketing and administrative expenses | 1,044 | 831 | 803 |
| Science and technology expenses | 144 | 123 | 106 |
| Loss on sale of business | 91 | — | — |
| Impairment due to strategic review | 483 | — | — |
| Gain on sale of site | — | (189) | — |
| Gain on equity method investment | — | — | (130) |
| Other expense, net | 365 | 106 | 123 |
| Total operating expenses | 2,127 | 871 | 902 |
| OPERATING INCOME | 1,127 | 1,812 | 1,714 |
| Non-operating (income) expense, net | (1) | 145 | (9) |
| EARNINGS BEFORE INTEREST AND TAXES | 1,128 | 1,667 | 1,723 |
| Interest expense, net | 212 | 76 | 109 |
| EARNINGS BEFORE TAXES | 916 | 1,591 | 1,614 |
| Income tax expense | 275 | 401 | 373 |
| Equity in net earnings of affiliates | 6 | 3 | — |
| NET EARNINGS | 647 | 1,193 | 1,241 |
| Net loss attributable to non-redeemable and redeemable noncontrolling interests | — | (3) | — |
| NET EARNINGS ATTRIBUTABLE TO OWENS CORNING | $647 | $1,196 | $1,241 |
| EARNINGS PER COMMON SHARE ATTRIBUTABLE TO OWENS CORNING COMMON STOCKHOLDERS | |||
| Basic | $7.45 | $13.27 | $12.85 |
| Diluted | $7.37 | $13.14 | $12.70 |
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