Company: OC
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001370946-25-000241
Chunk: 51

Company: Owens Corning
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 51
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IAL STATEMENTS (continued)(unaudited)

15.    EARNINGS PER SHARE

The following table is a reconciliation of weighted-average shares for calculating basic and diluted earnings per share:Three Months EndedSeptember 30,Nine Months EndedSeptember 30,(In millions, except per share amounts)2025202420252024Net (loss) earnings from continuing operations attributable to Owens Corning$(495)$287 $94 $821 Net earnings (loss) from discontinued operations attributable to Owens Corning, net of tax1 34 (318)84 NET (LOSS) EARNINGS ATTRIBUTABLE TO OWENS CORNING$(494)$321 $(224)$905 Weighted-average number of shares outstanding used for basic earnings per share83.4 87.0 84.7 87.2 Unvested restricted stock units and performance share units— 0.9 0.6 0.8 Weighted-average number of shares outstanding and common equivalent shares used for diluted earnings per share83.4 87.9 85.3 88.0 (Loss) Earnings per common share attributable to Owens Corning common stockholders:Basic - continuing operations$(5.93)$3.30 $1.11 $9.42 Basic - discontinued operations$0.01 $0.39 $(3.75)$0.96 Basic$(5.92)$3.69 $(2.64)$10.38 Diluted - continuing operations$(5.93)$3.26 $1.10 $9.33 Diluted - discontinued operations$0.01 $0.39 $(3.73)$0.95 Diluted$(5.92)$3.65 $(2.63)$10.28 For the three and nine months ended September 30, 2025 and September 30, 2024, there were no unvested RSUs or PSUs that had an anti-dilutive effect on earnings per share.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