October 20, 2010

USG Sales Decrease 7.8% in Third Quarter

Third quarter sales for L&W Supply, USG’s distribution segment, fell 15 percent.

Profit for the HVAC distributor increased 49 percent.

Manufacturer reports end markets grew 14 percent for the quarter.

Despite increasing premiums, many MDM/Baird survey respondents say they will not increase or decrease their contributions.

The manufacturer recorded a loss of $48 million for the period.

CEO: Expectations for cost synergies from integration raised.

Manufacturing activity continued to expand, while hiring at manufacturing firms remained ‘sluggish.’