Owens Corning filed its Form 10-Q for the quarterly period ended September 30, 2026 with the SEC on November 4, 2026, reporting a net loss of $250 million for the third quarter and disclosing a $366 million goodwill impairment charge.

Key Highlights

  • Net loss of $250 million for the three months ended September 30, 2026, compared to a net loss of $494 million in the same period of 2025, according to the filing.
  • Net sales of $2,489 million for Q3 2026, down from $2,684 million in Q3 2025, as reported in the consolidated statements of earnings.
  • Goodwill impairment charge of $366 million and an intangible assets impairment charge of $77 million were recorded in the three months ended September 30, 2026.
  • Basic loss per share of $(3.18) for Q3 2026, comprising $(3.15) from continuing operations and $(0.03) from discontinued operations.
  • Nine-month net sales of $7,510 million for the period ended September 30, 2026, compared to $7,961 million for the same period in 2025.
  • 77,127,914 shares of common stock outstanding as of October 30, 2026, per the cover page of the filing.
  • Total assets of $11,847 million as of September 30, 2026, down from $12,980 million at December 31, 2025.

Owens Corning Third-Quarter 2026 Financial Results and Impairment Charges

Owens Corning (NYSE:OC) reported a net loss attributable to the company of $250 million for the three months ended September 30, 2026, according to the quarterly filing. Net sales for the quarter totaled $2,489 million, a decline from the $2,684 million reported in Q3 2025. Gross margin for the quarter was $615 million, compared to $757 million in the prior-year period. The company reported an operating loss of $152 million for Q3 2026, versus an operating loss of $327 million in Q3 2025.

The filing disclosed a goodwill impairment charge of $366 million and an intangible assets impairment of $77 million recorded during the three months ended September 30, 2026. These charges, along with other expense, net of $50 million, contributed to total operating expenses of $767 million for the quarter. Interest expense, net was $62 million for the period, and income tax expense was $33 million despite a pre-tax loss from continuing operations of $214 million.

For the nine months ended September 30, 2026, the company reported a net loss attributable to Owens Corning of $129 million on net sales of $7,510 million. The nine-month results include a net loss from discontinued operations attributable to Owens Corning of $229 million, net of tax. As of September 30, 2026, total assets stood at $11,847 million, with long-term debt, net of current portion, of $4,250 million. Cash and cash equivalents were $179 million at quarter end, compared to $345 million at December 31, 2025. The balance sheet reflects no remaining assets or liabilities of discontinued operations as of September 30, 2026, whereas those balances were $680 million and $318 million, respectively, at December 31, 2025.

What Was Disclosed

Owens Corning's 10-Q for Q3 2026 disclosed quarterly net sales of $2,489 million, a net loss of $250 million, a $366 million goodwill impairment, a $77 million intangible assets impairment, and total assets of $11,847 million as of September 30, 2026.