Owens Corning posts $40.58 million December operating income

By Caroline Salls

Pittsburgh, March 13 - Owens Corning reported a $40.58 million operating income for December on net sales of $342.17 million, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

The numbers compare to a $14.47 million operating income for November on net sales of $397.31 million.

The net income for the month was $228.35 million, up significantly from a $4.58 million November net loss.

Cash on Dec. 31 was $1.11 billion, compared with $966.28 million at the end of November.

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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