Owens Corning
05/05/2025 | Press release | Distributed by Public on 05/05/2025 05:50
Regulation FD Presentation (Form 8-K)
Owens Corning and Subsidiaries
Recast Segment Information
(unaudited)
Roofing
The table below provides a summary of net sales and EBITDA for the Roofing segment:
| Three Months Ended | Twelve Months Ended | ||||||||||||||||
| (in millions) | March 31, 2024 | June 30, 2024 | September 30, 2024 | December 31, 2024 | December 31, 2024 | ||||||||||||
| Net sales | $ | 1,098 | $ | 1,252 | $ | 1,221 | $ | 1,059 | $ | 4,630 | |||||||
| EBITDA | 338 | 437 | 419 | 338 | 1,532 | ||||||||||||
| EBITDA as a % of net sales | 31 | % | 35 | % | 34 | % | 32 | % | 33 | % | |||||||
Insulation
The table below provides a summary of net sales and EBITDA for the Insulation segment:
| Three Months Ended | Twelve Months Ended | ||||||||||||||||
| (in millions) | March 31, 2024 | June 30, 2024 | September 30, 2024 | December 31, 2024 | December 31, 2024 | ||||||||||||
| Net sales | $ | 957 | $ | 974 | $ | 1,008 | $ | 987 | $ | 3,926 | |||||||
| EBITDA | 223 | 246 | 248 | 228 | 945 | ||||||||||||
| EBITDA as a % of net sales | 23 | % | 25 | % | 25 | % | 23 | % | 24 | % | |||||||
Doors
The table below provides a summary of net sales and EBITDA for the Doors segment:
| Three Months Ended | Twelve Months Ended | ||||||||||||||||
| (in millions) | March 31, 2024 | June 30, 2024 | September 30, 2024 | December 31, 2024 | December 31, 2024 | ||||||||||||
| Net sales | $ | - | $ | 311 | $ | 573 | $ | 564 | $ | 1,448 | |||||||
| EBITDA | - | 61 | 89 | 82 | 232 | ||||||||||||
| EBITDA as a % of net sales | - | % | 20 | % | 16 | % | 15 | % | 16 | % | |||||||
Owens Corning and Subsidiaries
Recast Segment Information
(unaudited)
Corporate, Other and Eliminations
The table below provides a summary of EBITDA for the Corporate, Other and Eliminations category:
| Three Months Ended | Twelve Months Ended | ||||||||||||||||
| (in millions) | March 31, 2024 | June 30, 2024 | September 30, 2024 | December 31, 2024 | December 31, 2024 | ||||||||||||
| Restructuring excluding depreciation and amortization | $ | (10) | $ | (34) | $ | - | $ | (29) | $ | (73) | |||||||
| Gains on sale of certain precious metals | - | - | 19 | - | 19 | ||||||||||||
| Paroc marine recall | (1) | (6) | (1) | (50) | (58) | ||||||||||||
| Strategic review-related charges | (2) | (15) | (16) | (13) | (46) | ||||||||||||
| Acquisition-related transaction costs | (18) | (29) | (2) | - | (49) | ||||||||||||
| Acquisition-related integration costs | - | (21) | (53) | (9) | (83) | ||||||||||||
| Loss on Sale of Business | - | - | - | (91) | (91) | ||||||||||||
| Impairment of venture investment | - | - | (13) | (2) | (15) | ||||||||||||
| Recognition of acquisition inventory fair value step-up | - | (12) | (6) | - | (18) | ||||||||||||
| General corporate expense and other | (46) | (66) | (51) | (78) | (241) | ||||||||||||
| EBITDA | $ | (77) | $ | (183) | $ | (123) | $ | (272) | $ | (655) | |||||||
Total Owens Corning
The table below provides a summary of consolidated net sales for continuing operations of Owens Corning:
| Three Months Ended | Twelve Months Ended | ||||||||||||||||
| (in millions) | March 31, 2024 | June 30, 2024 | September 30, 2024 | December 31, 2024 | December 31, 2024 | ||||||||||||
| Net sales | $ | 2,017 | $ | 2,497 | $ | 2,763 | $ | 2,574 | $ | 9,851 | |||||||
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