The 2020 Mid-Year Economic Update_long

L&W Supply Sales Grow 10% in Third Quarter

Parent company USG Corp. saw sales growth of 12 percent in the quarter.

Building products company USG Corp. (NYSE: USG), Chicago, IL, reported third-quarter sales of $925 million, up 12 percent year-over-year. Profit was $23 million, compared with a year-ago loss of $29 million.

For the first nine months, sales were $2.7 billion, up 10 percent over the same period a year ago. Profit was $50 million, compared to a year ago loss of $113 million.

L&W Supply, USG's distribution business, reported sales of $331 million in the third quarter, a year-over-year increase of 10 percent. Operating profit was $3 million, compared to a year-ago operating loss of $10 million.

For the first nine months, L&W sales grew 8 percent to $863 million. Operating profit was $2 million, compared with a year-ago operating loss of $23 million.

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