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Owens Corning posts $33.02 million May income from operations
By Caroline Salls
Pittsburgh, Aug. 21 - Owens Corning reported a $33.02 million income from operations for May on $391.55 million in net sales, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.
The figures compare with a $28.95 million April income from operations on $356.84 million in net sales.
The net income for May was $2.36 million, up from a $1.07 million April net income.
Cash on May 31 was $1.01 billion, compared with $971.63 million at the end of April.
Owens Corning, a Toledo, Ohio, building materials company, filed for bankruptcy on Oct. 5, 2000. Its Chapter 11 case number is 00-3837.
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