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Owens Corning Reports $258 Million Quarterly Loss
By USinMinutes - Feb 24, 2025, 06:02 AM ET
Last Updated - Feb 24, 2025, 06:03 AM EST
The company records $2.8 billion revenue for Q4 ended Dec 31, 2024
Owens Corning [OC] reported $258 million loss for Q4 ended Dec 31, 2024, showing a decrease of $389 million in the same quarter of the previous year.
The company revealed in its 8-K filing to the SEC dated Feb 24, 2025 that it generated revenue of $2.8 billion for the period, showing an increase of $536 million in the same quarter of the previous year.
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Based in Toledo, Ohio, the company reported $3 earnings per share for the period, compared to $1.5 in the last quarter.
The company's loss decreased by 297% from $131 million in the last quarter.
The revenue of Owens Corning with 25 thousand employees on the rolls showed 23% an increase from $2.3 billion in the last quarter.
The revenue increased 23% from $2.3 billion in the same quarter of the previous year.
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