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Owens Corning posts $14.88 million in July operating income
By Caroline Salls
Pittsburgh, Sept. 19 - Owens Corning reported $14.88 million in operating income for July on $331.54 million in net sales, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Delaware.
In June, the company posted $34.98 million in income from operations on $365.76 million in net sales.
The net loss for July was $6.02 million, down from a $14.49 million net loss in June.
Cash on July 31 was $749.06 million, compared to $706.38 million at June 30.
Owens Corning, a Toledo, Ohio, building materials company, filed for bankruptcy on 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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