The 2020 Mid-Year Economic Update_long

USG Sales Up 4.3% in 2014

Sales for L&W Supply grew 8 percent for the year.

USG Corp. (NYSE: USG), Chicago, IL, reported full year sales for 2014 of $3.7 billion, an increase of 4.3 percent from the previous year. Profit decreased to $37 million from $47 million in 2013.

L&W Supply, USG's distribution business, reported sales of $1.3 billion for the year, an increase of 8 percent from 2013. Operating profit was $16 million, up 166.7 percent from $6 million in 2013.

For the fourth quarter, sales for USG were $954 million, a 4.3 percent increase from the same period a year ago. The company reported a net loss of $53 million, as compared to a net loss of $4 million in fourth-quarter 2013.

L&W Supply sales for the fourth quarter grew 8.9 percent to $342 million. Operating profit was $7 million, up 75 percent from $4 million in fourth-quarter 2013.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.