Owens Corning
For the period ended Sep 30, 2025. Filed Nov 5, 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.
Sep 30, 2025 · Filed Nov 5, 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 EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| (In millions, except per share amounts) | 2025 | 2024 | 2025 | 2024 |
| Net (loss) earnings from continuing operations attributable to Owens Corning | $(495) | $287 | $94 | $821 |
| Net earnings (loss) from discontinued operations attributable to Owens Corning, net of tax | 1 | 34 | (318) | 84 |
| NET (LOSS) EARNINGS ATTRIBUTABLE TO OWENS CORNING | $(494) | $321 | $(224) | $905 |
| Weighted-average number of shares outstanding used for basic earnings per share | 83.4 | 87.0 | 84.7 | 87.2 |
| Unvested restricted stock units and performance share units | — | 0.9 | 0.6 | 0.8 |
| Weighted-average number of shares outstanding and common equivalent shares used for diluted earnings per share | 83.4 | 87.9 | 85.3 | 88.0 |
| (Loss) Earnings per common share attributable to Owens Corning common stockholders: | ||||
| Basic - continuing operations | $(5.93) | $3.30 | $1.11 | $9.42 |
| Basic - discontinued operations | $0.01 | $0.39 | $(3.75) | $0.96 |
| Basic | $(5.92) | $3.69 | $(2.64) | $10.38 |
| Diluted - continuing operations | $(5.93) | $3.26 | $1.10 | $9.33 |
| Diluted - discontinued operations | $0.01 | $0.39 | $(3.73) | $0.95 |
| Diluted | $(5.92) | $3.65 | $(2.63) | $10.28 |
For the three and nine months ended September 30, 2025 and September 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 3.8 million shares of its common stock for $545 million, inclusive of applicable taxes, during the nine months ended September 30, 2025, under the Repurchase Authorizations. As of September 30, 2025,14.6 million shares remain available for repurchase under the Repurchase Authorizations.
The Company repurchased 2.1 million shares of its common stock for $332 million, inclusive of applicable taxes, during the nine months ended September 30, 2024.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.