The 2020 Mid-Year Economic Update_long

USG Sales Up 4.4% in 1Q

L&W Supply sales up 6.8 percent in first quarter.

USG Corp. (NYSE: USG), Chicago, IL, reported sales for the first quarter of $850 million, a 4.4 percent increase year-over-year. Profit for the quarter was $45 million, compared to a profit of $2 million the prior-year quarter.

“Despite the harsh winter conditions across most of the United States during the first quarter, we delivered positive operating results and net income,” said James Metcalf, chairman, president and CEO. “We believe that most of the volume lost in the first quarter due to the weather will be realized over the balance of the year.”

L&W Supply Corp. sales for the quarter were $300 million, up 6.8 percent year-over-year. Operating profit for the quarter was $1 million, compared to a loss of $2 million the prior-year quarter.

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