Company: OC
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001370946-25-000241
Chunk: 83

Company: Owens Corning
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 2
Chunk 83
---
ization From Continuing Operations

Adjusted EBITDA from continuing operations is a non-GAAP measure that excludes certain items that management does not allocate to our segment results because it believes they are not representative of the Company’s ongoing operations. Adjusted EBITDA from continuing operations is used internally by the Company for various purposes, including reporting results of operations to the Board of Directors of the Company, analysis of performance and related employee compensation measures. Although management believes that these adjustments result in a measure that provides a useful representation of our operational performance, the adjusted measure should not be considered in isolation or as a substitute for Net (loss) earnings from continuing operations attributable to Owens Corning as prepared in accordance with accounting principles generally accepted in the United States.

42

Table of ContentsITEM 2.  MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (continued)

Adjusting income (expense) items to EBITDA are shown in the table below:

Three Months EndedSeptember 30,Nine Months EndedSeptember 30,(In millions)2025202420252024Restructuring excluding depreciation$(7)$— $(19)$(44)Loss on sale of business(2)— (28)— Impairment of venture investment— (13)— (13)Gains on sale of certain precious metals14 19 35 19 Strategic review-related charges— (16)— (33)Paroc marine recall— (1)(2)(8)Acquisition-related transaction costs— (2)— (49)Acquisition-related integration costs excluding amortization(9)(53)(15)(74)Recognition of acquisition inventory fair value step-up— (6)— (18)Goodwill impairment charge(780)— (780)— Total adjusting items$(784)$(72)$(809)$(220)

The reconciliation from Net (loss) earnings from continuing operations attributable to Owens Corning to Adjusted EBITDA from continuing operations is shown in the table below:

Three Months EndedSeptember 30,Nine Months Ended September 30,(In millions)2025202420252024NET (LOSS) EARNINGS FROM CONTINUING OPERATIONS ATTRIBUTABLE TO OWENS CORNING$(495)$287 $94 $821 Net loss attributable to non-redeemable and redeemable noncontrolling interests— — (1)— NET (LOSS) EARNINGS FROM CONTINUING OPERATIONS(495)287 93