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Owens Corning earns $2.38 million in September
By Jeff Pines
Washington, Dec. 28 - Owens Corning reported earning $2.38 million in September on $350.42 million of sales, according to its monthly operating report filed Dec. 27 with the U.S. Bankruptcy Court for the District of Delaware.
Operating income was $22.87 million.
Since filing for bankruptcy the Toledo, Ohio-based building materials company has lost $1.9 billion on $13.46 billion of sales for an operating loss of $1.29 billion.
On Sept. 30, Owens Corning had $490.95 million of cash and cash equivalents.
Owens Corning filed for bankruptcy on Oct. 5, 2000. Its Chapter 11 case number is 00-3837.
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