Owens Corning
For the period ended Jun 30, 2025. Filed Aug 6, 2025.
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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.
Jun 30, 2025 · Filed Aug 6, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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. Earnings per Share
- EARNINGS PER SHARE
The following table is a reconciliation of weighted-average shares for calculating basic and diluted earnings per share:
| Three Months EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| (In millions, except per share amounts) | 2025 | 2024 | 2025 | 2024 |
| Net earnings from continuing operations attributable to Owens Corning | $334 | $256 | $589 | $534 |
| Net earnings (loss) from discontinued operations attributable to Owens Corning, net of tax | 29 | 29 | (319) | 50 |
| NET EARNINGS ATTRIBUTABLE TO OWENS CORNING | $363 | $285 | $270 | $584 |
| Weighted-average number of shares outstanding used for basic earnings per share | 85.0 | 87.2 | 85.4 | 87.3 |
| Unvested restricted stock units and performance share units | 0.5 | 0.8 | 0.5 | 0.8 |
| Weighted-average number of shares outstanding and common equivalent shares used for diluted earnings per share | 85.5 | 88.0 | 85.9 | 88.1 |
| Earnings (Loss) per common share attributable to Owens Corning common stockholders: | ||||
| Basic - continuing operations | $3.93 | $2.94 | $6.90 | $6.12 |
| Basic - discontinued operations | $0.34 | $0.33 | $(3.74) | $0.57 |
| Basic | $4.27 | $3.27 | $3.16 | $6.69 |
| Diluted - continuing operations | $3.91 | $2.91 | $6.86 | $6.06 |
| Diluted - discontinued operations | $0.34 | $0.33 | $(3.71) | $0.57 |
| Diluted | $4.25 | $3.24 | $3.15 | $6.63 |
For the three and six months ended June 30, 2025 and June 30, 2024, there wereno unvested RSUs or PSUs that had an anti-dilutive effect on earnings per share.
On May 13, 2025, the Board of Directors approved a new share repurchase program under which the Company is authorized to repurchase up to 12 million shares of the Company’s outstanding common stock (the “2025 Repurchase Authorization”). On December 1, 2022, the Board of Directors approved a share repurchase program under which the Company is authorized to repurchase up to 10 million shares of the Company’s outstanding common stock (together with the 2025 Repurchase Authorization, the "Repurchase Authorizations"). The Repurchase Authorizations enable the Company to repurchase shares through the open market, privately negotiated, or other transactions. The actual number of shares repurchased will depend on timing, market conditions and other factors and will be at the Company’s discretion.
The Company repurchased 2.3 million shares of its common stock for $322 million, inclusive of applicable taxes, during the six months ended June 30, 2025, under the Repurchase Authorizations. As of June 30, 2025,16.0 million shares remain available for repurchase under the Repurchase Authorizations.
The Company repurchased 0.9 million shares of its common stock for $130 million, inclusive of applicable taxes, during the six months ended June 30, 2024.
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