Owens Corning (OC)
2025-06-30 | 2024-09-30 | 2024-06-30 | ||
|---|---|---|---|---|
| Net sales | 2,747 | 3,046 | 2,789 | |
| Cost of sales | 1,889 | 2,138 | 1,922 | |
| Gross margin | 858 | 908 | 867 | |
| Marketing and administrative expenses | 263 | 279 | 249 | |
| Science and technology expenses | 37 | 36 | 34 | |
| Other expense, net | 29 | 84 | 127 | |
| Loss on sale of business | -24 | - | - | |
| Total operating expenses | 353 | 399 | 410 | |
| Operating income | 505 | 509 | 457 | |
| Non-operating income | - | - | -1 | |
| Earnings from continuing operations before interest and taxes | 505 | - | - | |
| Interest expense, net | 63 | 70 | 64 | |
| Earnings before interest and taxes | - | 509 | 458 | |
| Earnings from continuing operations before taxes | 442 | 439 | 394 | |
| Equity in net earnings of affiliates | 1 | 2 | 2 | |
| Income tax expense | 110 | 120 | 110 | |
| Net earnings from continuing operations | 333 | - | - | |
| Net (loss) earnings attributable to non-redeemable and redeemable noncontrolling interests | -1 | - | - | |
| Net earnings from continuing operations attributable to owens corning | 334 | - | - | |
| Net earnings (loss) from discontinued operations attributable to owens corning, net of tax | 29 | - | - | |
| Net earnings | - | 321 | 286 | |
| Net earnings (loss) attributable to non-redeemable and redeemable noncontrolling interests | - | - | 1 | |
| Net earnings attributable to owens corning | 363 | 321 | 285 | |
| Basic (in dollars per share) | 4.27 | 3.69 | 3.27 | |
| Basic (in shares) | 85,000,000 | 87,000,000 | 87,200,000 | |
| Diluted (in dollars per share) | 4.25 | 3.65 | 3.24 | |
| Weighted-average number of shares outstanding and common equivalent shares used for diluted earnings per share | 85,500,000 | 87,900,000 | 88,000,000 | |