Owens Corning posts Q4 loss of $258 million on $483 million impairment; sales rise 13%
Owens Corning reported a fourth-quarter 2024 net loss attributable to the company of $258 million, or $2.97 per diluted share, compared with net earnings of $131 million a year earlier. The loss reflects a $483 million impairment tied to its strategic review and a $91 million loss on sale of a business, while full-year net sales rose 13% to $11.0 billion. Full-year GAAP diluted EPS fell 44% to $7.37, though adjusted diluted EPS rose 10% to $15.91.
Key points
- Q4 2024 net sales were $2.84 billion, up 23% from $2.30 billion; Q4 net loss attributable to the company was $258 million versus $131 million profit in Q4 2023.
- Full-year 2024 net sales were $11.0 billion, up 13%; net earnings attributable to the company were $647 million, down 46%.
- Full-year adjusted diluted EPS was $15.91, up 10%; GAAP diluted EPS was $7.37, down 44%.
- The company expects Q1 2025 revenue from continuing operations to grow in the mid-20 percent range; the glass reinforcements sale is expected to close in 2025.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:17 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 24, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.