Owens Corning
For the period ended Mar 31, 2025. Filed May 7, 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.
Mar 31, 2025 · Filed May 7, 2025
OC$121.31-2.4%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Earning
CONSOLIDATED STATEMENTS OF EARNINGS
(in millions, except per share amounts)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2025 | 2024 | |
| NET SALES | $2,530 | $2,017 |
| COST OF SALES | 1,805 | 1,389 |
| Gross margin | 725 | 628 |
| OPERATING EXPENSES | ||
| Marketing and administrative expenses | 261 | 190 |
| Science and technology expenses | 35 | 27 |
| Other expense, net | 22 | 35 |
| Total operating expenses | 318 | 252 |
| OPERATING INCOME | 407 | 376 |
| Non-operating expense | — | — |
| EARNINGS FROM CONTINUING OPERATIONS BEFORE INTEREST AND TAXES | 407 | 376 |
| Interest expense, net | 64 | 16 |
| EARNINGS FROM CONTINUING OPERATIONS BEFORE TAXES | 343 | 360 |
| Income tax expense | 88 | 83 |
| NET EARNINGS FROM CONTINUING OPERATIONS | 255 | 277 |
| Net (loss) earnings from discontinued operations attributable to Owens Corning, net of tax | (348) | 21 |
| NET (LOSS) EARNINGS | $(93) | $298 |
| NET EARNINGS FROM CONTINUING OPERATIONS | $255 | $277 |
| Net loss attributable to non-redeemable and redeemable noncontrolling interests | — | (1) |
| NET EARNINGS FROM CONTINUING OPERATIONS ATTRIBUTABLE TO OWENS CORNING | 255 | 278 |
| Net (loss) earnings from discontinued operations attributable to Owens Corning, net of tax | (348) | 21 |
| NET (LOSS) EARNINGS ATTRIBUTABLE TO OWENS CORNING | $(93) | $299 |
| (LOSS) EARNINGS PER COMMON SHARE ATTRIBUTABLE TO OWENS CORNING COMMON STOCKHOLDERS | ||
| Basic - continuing operations | $2.97 | $3.18 |
| Basic - discontinued operations | $(4.05) | $0.24 |
| Basic | $(1.08) | $3.42 |
| Diluted - continuing operations | $2.95 | $3.16 |
| Diluted - discontinued operations | $(4.03) | $0.24 |
| Diluted | $(1.08) | $3.40 |
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