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.

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