Company: OC
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001628280-25-022858
Chunk: 44

Company: Owens Corning
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 44
---
, 2025, 3.0 million shares remain available for purchase. Included in total stock-based compensation expense is $3 million of expense related to the Company’s ESPP recognized during the three months ended March 31, 2025. During the three months ended March 31, 2024, the Company recognized expense of $2 million related to the Company’s ESPP. As of March 31, 2025, there was $2 million of total unrecognized compensation cost related to the ESPP.

33

Table of ContentsOWENS CORNING AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL 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 EndedMarch 31,(In millions, except per share amounts)20252024Net 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 Weighted-average number of shares outstanding used for basic earnings per share85.8 87.3 Unvested restricted stock units and performance share units0.5 0.6 Weighted-average number of shares outstanding and common equivalent shares used for diluted earnings per share86.3 87.9 (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 For the three months ended March 31, 2025 and March 31, 2024, there were no unvested RSUs or PSUs that had an anti-dilutive effect on earnings per share.On December 1, 2022, the Board of Directors approved a share repurchase program under which the Company is authorized to repurchase up to 10 million shares of the Company’s outstanding common stock (the “Repurchase Authorization”). The Repurchase Authorization enables the Company to repurchase