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Owens Corning posts $18.64 million in August operating income
By Caroline Salls
Pittsburgh, Nov. 8 - Owens Corning reported $18.64 million in operating income for August on $367.8 million in net sales, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.
In July, the company posted $14.88 million in operating income on $331.54 million in net sales.
The net loss for August was $7.12 million, up from a $6.02 million July net loss.
Cash on Aug. 31 was $809.99 million, compared to $749.06 million on July 31.
Owens Corning, a Toledo, Ohio, building materials company, filed for bankruptcy Oct. 5, 2000 in the U.S. Bankruptcy Court for the District of Delaware. Its Chapter 11 case number is 00-3837.
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