Owens Corning reports $17.5 million loss from operations

By Jennifer Lanning Drey

Eugene, Ore., May 12 - Owens Corning reported a $17.5 million loss from operations for February on net sales of $351 million, according to a filing with the U.S. Bankruptcy Court for the District of Delaware.

Its net loss for the month was $296,000.

The company ended February with cash and cash equivalents of 935 million.

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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