USG Corp. (NYSE: USG), Chicago, IL, reported sales for the first quarter of $909 million, up 7 percent from the same period a year ago. Profit decreased 46.7 percent to $24 million.
L&W Supply, USG's distribution business, reported sales of $334 million for the quarter, a year-over-year increase of 11.3 percent. Operating profit was $4 million, compared to $1 million the previous year.
“USG is off to a great start in 2015, led by the performance of our U.S. Gypsum and U.S. Ceilings businesses,” said James S. Metcalf, president and CEO.