Content about USG Corp.

October 23, 2014

USG Corporation had several milestones to celebrate last quarter -- including record quarterly operating profit in its Ceilings division and its highest quarterly adjusted EBITDA since 2006.

July 24, 2014

USG Corporation touted its second quarter results, which brought in its highest quarterly net income since 2007.

Net sales for the three months ended June 30 came in at $948 million, an increase of 3.5% from $916 million year-over-year.

Net income for the quarter totaled $57 million, up from $25 million in the second quarter of 2013. An adjusted operating profit of $93 million was also a nice boost, up from $76 million.

June 25, 2014

USG Building Products is pitching in to help children and families in Chicago's South Side neighborhood, joining other companies and organizations at the American Institute of Architects' annual conference.

The effort will see AEC Cares, USG, Metropolitan Family Services of Chicago, Reed Construction Data and Hanley Wood join together to renovate a 30-year-old building in the neighborhood where many local infants, toddlers and preschoolers go for daycare and early learning.

April 28, 2014

USG Corp. reported its strongest first-quarter results since 2007, and profitability in its L&W Supply division.

First-quarter net sales of $850 million were up 4% over the previous year period. Net income of $45 million compares with net income of $2 million in the first quarter of 2013.

April 8, 2014

At the inaugural Best of U.S. awards ceremony in Washington, D.C., Kori Ade, coach of U.S. Olympic figure skater Jason Brown, was honored with the USG Building Dreams award.

Ade had been Brown's coach for 14 years -- the only one he's ever had -- and has never missed a performance. She's seen him through 14 international trips and many junior, national and international wins. She also moved her family to help meet his training requirements.

February 28, 2014

USG Corporation and Boral Limited have completed the 50/50 strategic joint venture they announced in October, which was delayed about a month over regulatory procedures.

February 7, 2014

USG Corporation reported fourth-quarter and full-year results for 2013, generating fiscal-year net income for the first time since 2007.

Net sales for the three months ended Dec. 31 were $915 million, up a full $100 million year-over-year. Sales for the full year came in at $3.6 billion, also marking robust growth since 2012's showing of $3.2 billion.

January 17, 2014

USG Corporation's Auburn, Wa., manufacturing plant has earned a Voluntary Protection Program (VPP) Star from the Washington State Department of Labor and Industries and its Division of Occupational Safety and Health.

L&I officials presented the award, which is the highest accolade within the VPP, to the plant's 49 employees Thursday. The Star, which has only been awarded to approximately 2,500 worksites out of 8 million in the U.S., recognizes the company's efforts to go above and beyond with its safety and health programs.

November 5, 2013

In a town called Gypsum, Ohio, a USG Corp. manufacturing plant has been awarded the OSHA Voluntary Protection Program (VPP) Star.

OSHA officials presented the award on Mon. during a ceremony at the plant, where USG Gypsum's 230 employees were present.

October 17, 2013

USG Corporation announced its 50/50 joint venture with Boral Limited, to be named USG Boral Building Products, as part of a strategic move to synergistically blend their branding, geographic impact and expertise in the burgeoning plasterboard market in Asia, Australasia and the Middle East.

The venture will include Boral's Gypsum division, which includes its plasterboard operations in Australia and Asia, as well as USG's Asian and Middle Eastern businesses. Additionally, USG will contribute exclusive access to its competitive products and technologies.

October 7, 2013

USG Corporation is installing a solar facility at its Plaster City, Calif., manufacturing plant via a Solar Energy Power Purchase and Sale Agreement (PPA) with Green Light Plaster City Solar 1 LLC.

The one megawatt photovoltaic system is expected to provide USG with predictable cost for its electricity usage for the next 20 years.

October 2, 2013

As part of a brand image makeover, Chicago-based USG Corp. introduced a new logo with the tagline: "It's Your World. Build It.”

September 30, 2013

USG Corporation has elected Thomas A. Burke, currently president and CEO of Modine Manufacturing Company, to its board of directors.

Burke will serve on the Audit and Governance committees and will make up the ninth independent director on the USG board.

“We are pleased to welcome Thomas Burke to our board,” said Jim Metcalf, chairman of the board, president and CEO of USG Corporation. “His history of leadership, manufacturing knowledge, and extensive international experience will be valuable assets as USG continues to execute Our Plan to Win.”

September 19, 2013

USG Corporation has made a couple of executive appointments in line with its overall growth strategy of diversifying the company's earnings. Effective Oct. 1, Christopher R. Griffin will leave his post as executive VP operations for the role of executive VP and COO. Additionally, Jennifer F. Scanlon will transition from VP and president, international to senior VP and president, international.

September 3, 2013

USG Corporation has launched a new waterproofing system for tiled showers. The Durock Shower System is a fully bonded waterproofing system that features easy installation and controls moisture independently of the tile covering.

The system streamlines the installation process via pre-sloped foam shower trays (versus the typical dry pack mortar shower bases). Durcok also features a thin, pliable waterproofing membrance and an easily installed drain assembly.

April 24, 2013

USG Corp. hailed its "first quarter of net income in more than five years," as sales increase 4% in the first quarter.

Chicago-based building industry giant USG Corp. reported first-quarter net sales of $814 million, up 4% from first-quarter 2012 net sales of $783 million.

First-quarter 2013 net income was $2 million. This result compares with a $27 million net loss in the first quarter of 2012.

December 17, 2012

In a Securities and Exchange Commission (SEC) document filed on Dec. 17, USG Corp. and its subsidiary, United States Gypsum Co., disclosed that they have been named, along with seven other wallboard manufacturers, as defendants in a purported class-action complaint filed in the U.S. District Court for the Northern District of Illinois.

November 29, 2012

USG Corp. has achieved the prestigious Voluntary Protection Program (VPP) Star designation from the Occupational Safety and Health Administration (OSHA) at its Galena Park, Texas, manufacturing plant. Officials from OSHA presented the award on Nov. 29 to USG Galena Park’s 150 employees during a ceremony at the plant.

October 18, 2012

USG Corp. reported net sales of $828 million for its third fiscal quarter, a 9% increase over net sales of $763 million in the same period a year ago. Operating profit for the third quarter, which ended Sept. 30, 2012, was $29 million, compared with a $79 million loss from continuing operations in the third quarter of 2011.

October 16, 2012

Two of the building industry’s largest manufacturers are collaborating on a new ceiling system designed for use in commercial applications. USG Corp. will offer its Logix Integrated Ceiling System with GE Lumination’s LED Linear Recessed Luminaires. The system is ideal for office, retail, healthcare and hospitality environments, the two companies said.

August 8, 2012

USG Corp. has entered into a definitive agreement for the sale of its wholly owned European business operations to affiliates of Gebr. Knauf Verwaltungsgesellschaft KG for approximately $80 million. That amount is subject to adjustment based on working capital and net debt levels at closing.

The businesses being sold include the manufacture and distribution of Donn brand ceiling grid and Sheetrock brand finishing compounds throughout Europe, Russia and Turkey.

July 5, 2012

USG Corp. has announced it will invest $60 million in a strategic partnership with the Zawawi Group of Oman to meet the growing demand for its wallboard products in the Middle East and India. The money will be invested over two years, with the majority in 2012.

May 16, 2012

USG Corp.’s Sheetrock Ultralight panels are available at Home Depot stores nationwide, according to blog site JetsonGreen.com. The product, first tested in 2010, weighs anywhere from 15 to 24 lbs. less than typical gypsum board, depending on the size. It can be used with a 40% lighter joint compound released in January 2012.

October 21, 2011

USG Corp. reported third-quarter net loss of $115 million, compared with a net loss of $100 million in the third quarter of 2010. Net sales for the quarter totaled $792 million, up 4.5% from $758 million in the prior-year period.

September 29, 2011

USG Corp. has announced that chairman William Foote will retire from the company and its board of directors, effective Dec. 1, 2011. The board has elected James Metcalf, USG's president and CEO, to the post of chairman of the board, effective upon Foote's retirement.

Foote, who joined USG in 1984, served as USG's chairman since 1996, after having been elected CEO in 1995 and president in 1994.