Owens Corning
For the period ended Jun 30, 2026. Filed Aug 5, 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.
Jun 30, 2026 · Filed Aug 5, 2026
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 Statements of Earnings
(in millions, except per share amounts)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| NET SALES | $2,756 | $2,747 | $5,021 | $5,277 |
| COST OF SALES | 1,963 | 1,889 | 3,718 | 3,694 |
| Gross margin | 793 | 858 | 1,303 | 1,583 |
| OPERATING EXPENSES | ||||
| Marketing and administrative expenses | 252 | 263 | 510 | 524 |
| Science and technology expenses | 35 | 37 | 72 | 72 |
| Loss on sale of business | — | 24 | — | 26 |
| Other expense, net | 24 | 29 | 119 | 49 |
| Total operating expenses | 311 | 353 | 701 | 671 |
| OPERATING INCOME | 482 | 505 | 602 | 912 |
| Non-operating income | — | — | — | — |
| EARNINGS FROM CONTINUING OPERATIONS BEFORE INTEREST AND TAXES | 482 | 505 | 602 | 912 |
| Interest expense, net | 69 | 63 | 135 | 127 |
| EARNINGS FROM CONTINUING OPERATIONS BEFORE TAXES | 413 | 442 | 467 | 785 |
| Income tax expense | 102 | 110 | 117 | 198 |
| Equity in net earnings of affiliates | — | 1 | — | 1 |
| NET EARNINGS FROM CONTINUING OPERATIONS | 311 | 333 | 350 | 588 |
| Net (loss) earnings from discontinued operations attributable to Owens Corning, net of tax | (84) | 29 | (227) | (319) |
| NET EARNINGS | $227 | $362 | $123 | $269 |
| NET EARNINGS FROM CONTINUING OPERATIONS | $311 | $333 | $350 | $588 |
| Net earnings (loss) attributable to noncontrolling interests | 1 | (1) | 2 | (1) |
| NET EARNINGS FROM CONTINUING OPERATIONS ATTRIBUTABLE TO OWENS CORNING | 310 | 334 | 348 | 589 |
| Net (loss) earnings from discontinued operations attributable to Owens Corning, net of tax | (84) | 29 | (227) | (319) |
| NET EARNINGS ATTRIBUTABLE TO OWENS CORNING | $226 | $363 | $121 | $270 |
| EARNINGS PER COMMON SHARE ATTRIBUTABLE TO OWENS CORNING COMMON STOCKHOLDERS | ||||
| Basic - continuing operations | $3.86 | $3.93 | $4.32 | $6.90 |
| Basic - discontinued operations | $(1.05) | $0.34 | $(2.82) | $(3.74) |
| Basic | $2.81 | $4.27 | $1.50 | $3.16 |
| Diluted - continuing operations | $3.84 | $3.91 | $4.31 | $6.86 |
| Diluted - discontinued operations | $(1.04) | $0.34 | $(2.81) | $(3.71) |
| Diluted | $2.80 | $4.25 | $1.50 | $3.15 |
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