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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 3.05B | 9.2% |
| Gross Profit | 908M | 4.7% |
| Cost of Revenue | 2.14B | 11.2% |
| Operating expense | 399M | 2.7% |
| Net Income | 321M | 12.6% |
| EBITDA | 551M | 11.1% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 15.1B | 0.4% |
| Total Liabilities | 9.38B | 0.9% |
| Total Equity | 5.62B | 2.8% |
| Shares Outstanding | 86M | 1.3% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 699M | 41.8% |
| Cash from investing | -39M | 98.7% |
| Cash from financing | -420M | 127% |
EPS
Financial Highlights for Owens Corning in Q3 '24
Owens Corning reported a revenue of 3.05B, which is a 9.2% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 908M, marking a 4.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.14B, a 11.2% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 399M, showing a -2.7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 321M, showing a 12.6% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 551M, showing a 11.1% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Owens Corning with growth in revenue, gross profit, and net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.
