Company: OC
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001370946-25-000205
Chunk: 54

Company: Owens Corning
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 54
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 Reportable Segments

Effective January 1, 2025, due to a strategic shift in how we manage our business as a result of the GR Agreement and the classification of the GR business as a discontinued operation, we changed the composition of our reportable segments. As a result, all prior period information was recast to reflect this change. The Company now has three reportable segments: Roofing, Insulation and Doors.

Tariff and Trade Uncertainties

Beginning in the first quarter of 2025, the U.S. government announced additional tariffs on goods imported into the U.S. from numerous countries and multiple nations have responded with reciprocal tariffs and other actions. The Company continues to monitor the economic effects of such announcements. Based on the current tariff policies, the Company expects to partially offset the operating profit impact of the enacted tariffs with supply chain adjustments and productivity and cost savings actions. To the extent additional tariffs or other trade restrictions are enacted and the Company is unable to offset the tariffs or the tariffs negatively impact demand, the Company’s revenue and profitability could be adversely impacted.

RESULTS OF OPERATIONS

Consolidated Results

Three Months EndedJune 30,Six Months EndedJune 30,(In millions)2025202420252024Net sales$2,747 $2,497 $5,277 $4,514 Gross margin$858 $813 $1,583 $1,441 % of net sales31 %33 %30 %32 %Marketing and administrative expenses$263 $229 $524 $419 Other expense, net$29 $134 $49 $169 Earnings from continuing operations before interest and taxes$505 $419 $912 $795 Interest expense, net$63 $63 $127 $79 Income tax expense$110 $101 $198 $184 Net earnings from continuing operations attributable to Owens Corning$334 $256 $589 $534 Net earnings (loss) from discontinued operations attributable to Owens Corning$29 $29 $(319)$50 Net earnings attributable to Owens Corning$363 $285 $270 $584 

The Consolidated Results discussion below provides a summary of our results and the trends affecting our business, and should be read in conjunction with the more detailed Segment Results discussion that follows.

NET SALES

In the second quarter and year-to-date 2025, net sales increased