logo
Share SHARE
FONT-SIZE Plus   Neg

USG Posts Profit In Q1, Revenue Rises - Quick Facts

Building products firm USG Corp. (USG) Wednesday reported first-quarter net income of $2 million or $0.02 per share compared to a net loss of $27 million or $0.26 per share last year.

Adjusted net income was $1 million, while in the prior year the firm lost $27 million.

On average, 17 analysts polled by Thomson Reuters expected earnings of $0.10 per share for the quarter. Analysts' estimates typically exclude special items.

Sales increased 4 percent to $814 million from $783 million. Analysts expected revenues of $864.23 million.

James Metcalf, Chairman, President and CEO, said, ''We are pleased to report our first quarter of net income in more than five years. All segments showed improved results in the period, and our commitment to innovation and lowering our break-even are evident in our results."

The stock, which closed at $25.55 on Tuesday, is falling 2.9 percent in pre-market activity.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Computer and printer maker Hewlett-Packard Co. said Thursday after the markets closed that its second quarter profit fell 21% from last year, hurt by lower revenue and costs related to the planned separation of the company. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Accounting software maker Intuit reported a plunge in third-quarter profit, hurt by impairment charges, even as results topped Wall Street estimates, driven by growth in small business segment amid a strong tax season. Struggling teen-apparel retailer Aeropostale Inc. (ARO), Thursday said its first-quarter loss narrowed from a year ago, driven largely by stronger margins even as revenues continued to plunge dropped. Nevertheless, the company lost almost one-fifth of its market value in after-hours trade, with the...
comments powered by Disqus
RELATED NEWS
Trade USG now with 
Follow RTT