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USG Corp. (NYSE: USG), Chicago, IL, reported sales for the second quarter of $916 million, an increase of 15 percent compared to the same period a year ago. Profit was $25 million for the building products distributor, compared to a year-ago net loss of $57 million.
“We are pleased to generate net income for the second consecutive quarter,” said James S. Metcalf, president and CEO. “Results in all major business units have improved from one year ago.”
L&W Supply Corp., USG's building products distribution segment with a No. 8 ranking on MDM’s list of top building materials/construction distributors, achieved its first operating profit since 2008, Metcalf said. L&W reported an operating profit of $1 million on sales of $319 million, compared with a year-ago operating loss of $7 million on sales of $293 million.
For the first six months, sales for USG were $1.7 billion, an increase of 9.4 percent compared to the same period a year earlier. Profit was $27 million for the first half, compared to a year-ago loss of $84 million.