The 2020 Mid-Year Economic Update_long

USG Posts First 1Q Profit in Five Years

USG sales increased 4 percent year-over-year.

USG Corp. (NYSE: USG), Chicago, IL, reported first-quarter sales of of $814 million, up 4 percent from the first quarter 2012. Profit was $2 million, compared to a year-ago loss of $27 million.

“We are pleased to report our first quarter of net income in more than five years,” said James Metcalf, president and CEO. “All segments showed improved results in the period, and our commitment to innovation and lowering our break-even are evident in our results.” USG operates through its United States Gypsum Company, USG Interiors, LLC, L&W Supply Corp. and other subsidiaries.

L&W Supply Corp., USG's building products distribution segment with a No. 8 ranking on MDM’s list of top building materials/construction distributors, reported sales of $281 million, an increase of 4.1 percent compared to the same period a year earlier. The segment reported a loss of $2 million, compared to a year-ago loss of $6 million.

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.

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.