Ceramic Industry News

USG Reports First Quarter Results

USG recently reported first quarter results in line with expectations outlined by the company in March and earlier last month.

USG Corp. recently reported first quarter results in line with expectations outlined by the company in March and earlier last month. The corporation reported net sales of $826 million and net earnings of $11 million, declines of 16 and 90% respectively, from the year before. Diluted earnings per share for the first quarter of 2001 were $0.25 compared with $2.18 in the same period a year ago. "Our first quarter results reflect the fact that the business environment for our largest unit, United States Gypsum Co., remains very challenging," commented William C. Foote, chairman, president and CEO. "Continuing increases in wallboard industry capacity, coupled with a further decline in demand, depressed pricing during the quarter. Significantly higher energy costs, especially natural gas prices, and harsh winter weather also held down results."

Several of these factors also negatively affected results in USG's second and third largest operating subsidiaries, L&W Supply Corp. and USG Interiors, Inc., respectively.

For more information, visit http://www.usg.com.

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.



Image Galleries

December 2014 Issue Highlights

Our December 2014 issue is now available! Posted: April 27, 2015.


Ceramics Expo podcast
Editor Susan Sutton discusses the upcoming Ceramics Expo with event director Adam Moore.
More Podcasts

Ceramic Industry Magazine

CI May 2015 cover

2015 May

Our May issue covers bulk batching, pneumatic conveyors, high-temperature furnaces and more! Be sure to check it out today.

Table Of Contents Subscribe

Daily News

We know where you find the latest ceramic industry news (ahem), but where do you catch up on the rest of your daily news?
View Results Poll Archive


M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px


CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!