The 2020 Mid-Year Economic Update_long

USG Sales Up 3.6% in 2016

Fourth quarter sales increased 2.2 percent year-over-year.

USG Corp. (NYSE: USG), Chicago, IL, reported full year sales for 2016 of $3 billion, a 3.6 percent increase from the previous year. Profit decreased 48.5 percent to $510 million.

For the fourth quarter, sales increased 2.2 percent year-over-year to $734 million. Profit decreased 62.2 percent to $307 million.

As a result of the agreement to sell the company's building product distribution business to ABC Supply, results for L&W Supply have been recorded as a discontinued operation.

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