Company: OC
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001370946-25-000241
Chunk: 84

Company: Owens Corning
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 2
Chunk 84
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821 Equity in net earnings of affiliates— 2 1 4 Income tax expense102 118 300 302 (LOSS) EARNINGS FROM CONTINUING OPERATIONS BEFORE TAXES(393)403 392 1,119 Interest expense, net65 69 192 148 (LOSS) EARNINGS FROM CONTINUING OPERATIONS BEFORE INTEREST AND TAXES(328)472 584 1,267 Less: Adjusting items from above(784)(72)(809)(220)Depreciation and amortization182 161 513 411 ADJUSTED EBITDA FROM CONTINUING OPERATIONS $638 $705 $1,906 $1,898 

Segment Results

Effective January 1, 2025, we changed our segment measure of profitability for our reportable segments from Earnings before interest and taxes ("EBIT") to EBITDA, as the measure used for purposes of making decisions about allocating resources to the segments and assessing performance. Prior period amounts have been recast to reflect the new segment measure for profitability.

EBITDA by segment consists of net sales less related costs and expenses plus depreciation and amortization. EBITDA is presented on a basis that is used internally for evaluating segment performance. Certain items, such as general corporate expenses or income and certain other expense or income items, are excluded from the internal evaluation of segment performance. Accordingly, these items are not reflected in EBITDA for our reportable segments and are included in the Corporate, Other and Eliminations category, which is presented following the discussion of our reportable segments. Segment EBITDA is the principal measure used by the chief operating decision maker ("CODM") to assess segment performance and make decisions on the allocation of resources.

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

Roofing

The table below provides a summary of net sales and EBITDA for the Roofing segment:

Three Months EndedSeptember 30,Nine Months EndedSeptember 30,(In millions)2025202420252024Net sales$1,240 $1,221 $3,663 $3,571 % change from prior year2 %N/A3 %N/AEBITDA$423 $419 $1,212 $1,194 EBITDA as a % of net sales34 %