Owens Corning
For the period ended Mar 31, 2026. Filed May 6, 2026.
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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.
Mar 31, 2026 · Filed May 6, 2026
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14. Earnings per Share
| 14. | EARNINGS PER SHARE |
The following table is a reconciliation of weighted-average shares for calculating basic and diluted earnings per-share:
| Three Months Ended March 31, | ||
|---|---|---|
| (In millions, except per share amounts) | 2026 | 2025 |
| Net earnings from continuing operations attributable to Owens Corning | $38 | $255 |
| Net loss from discontinued operations attributable to Owens Corning, net of tax | (143) | (348) |
| NET LOSS ATTRIBUTABLE TO OWENS CORNING | $(105) | $(93) |
| Weighted-average number of shares outstanding used for basic earnings per share | 80.7 | 85.8 |
| Unvested restricted stock units and performance share units | 0.4 | 0.5 |
| Weighted-average number of shares outstanding and common equivalent shares used for diluted earnings per share | 81.1 | 86.3 |
| Earnings (Loss) per common share attributable to Owens Corning common stockholders: | ||
| Basic - continuing operations | $0.47 | $2.97 |
| Basic - discontinued operations | $(1.77) | $(4.05) |
| Basic | $(1.30) | $(1.08) |
| Diluted - continuing operations | $0.47 | $2.95 |
| Diluted - discontinued operations | $(1.76) | $(4.03) |
| Diluted | $(1.29) | $(1.08) |
Basic earnings per share is calculated by dividing earnings attributable to Owens Corning by the weighted-average number of shares of the Company’s common stock outstanding during the period. Outstanding shares consist of issued shares less treasury stock.
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 repurchasedno shares of its common stock during the three months ended March 31, 2026 under the Repurchase Authorizations. As of March 31, 2026,12.5 million shares remained available for repurchase under the Repurchase Authorizations. The Company repurchased 0.7 million shares of its common stock for $101 million, inclusive of applicable taxes, during the three months ended March 31, 2025.
For each of the three months ended March 31, 2026 and March 31, 2025, the Company didnot have any non-vested restricted stock units or non-vested performance share units that had an anti-dilutive effect on earnings per share.
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