Owens Corning (OC): restructuring charge — Owens Corning estimates ~$360M pre-tax noncash impairment on glass reinforcements sale

Owens Corning

Estimated pre-tax noncash impairment charge of ~$360 million related to sale of global glass reinforcements business.
Charge will be reflected in Q1 2025 consolidated financial statements, reported in Form 10-Q.
Sale announced earlier; business now classified as held for sale and discontinued operations.
Noncash nature of impairment means no immediate cash outflow from the charge.

item 2.06

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 1.0

Owens Corning announced a impairment with charges of approximately $360 million affecting GR Business.

Type: impairment
Charge: approximately $360 million
Affected area: GR Business

Exact text from the filing

On April 25, 2025, the Company determined that the estimated pre-tax noncash impairment charge related to the sale of the GR Business is expected to be approximately $360 million

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Source: SEC EDGAR

accession 0001370946-25-000163

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