Content about USG Corp.

April 24, 2013
USG gets back in the black

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
Price-fixing lawsuit filed against drywall suppliers

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 wins OSHA recognition

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 swings to profit

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
USG Corp. partners with GE Lighting

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 to sell European operations

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 to invest in Oman drywall plant

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
HD testing ultra light Sheetrock

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 Q3 loss widens

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 board elects new chairman

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.

August 30, 2011
USG to close nine locations

USG Corp., a manufacturer of Sheetrock and other building materials, will close eight of its L&W Supply distribution branches by the end of the third quarter, according to an Aug. 25 filing with the Securities and Exchange Commission (SEC). The Chicago–based company will also shutter its Nevada custom door and frame business.

July 22, 2011
Sales dip slightly at USG

USG Corp., a leading building products company, today reported net sales of $761 million for its second quarter of 2011, a 1.04% decrease over sales of $769 million a year ago.

The company posted an operating loss of $21 million and a net loss of $70 million, compared with $25 million and $74 million, respectively, in the second quarter of 2010.

April 20, 2011
Slight increase in Q1 sales for USG

USG Corp. reported net sales of $721 million for its first fiscal quarter, compared with $716 million during the same quarter of 2010, a 0.7% increase. Net loss for the building products company for the quarter, which ended March 31, was $105 million, compared with $110 million in the first quarter of 2010. Operating losses were reported at $58 million, compared with $82 million a year ago. 

January 26, 2011
USG narrows loss in fourth quarter

Building products giant USG Corp. posted sales of $696 million in the fourth quarter ended Dec. 31, down from $720 million in the same quarter last year. 

USG narrowed its loss in the fourth quarter, posting a net loss of $121 million for the three months, compared to a loss of $598 million in the same period last year.

January 17, 2011
USG expands UltraLight distribution

Chicago-based USG Corp., makers of the Sheetrock brand of wall board, announced they have expanded distribution of their new Sheetrock UltraLight panels.

Chicago-based USG Corp., makers of the Sheetrock brand of wall board, announced they have expanded distribution of their new Sheetrock UltraLight panels.

The panels, which are up to 30% lighter than typical gypsum wallboard, are now available to more than 500 retail and specialty dealer locations throughout the Midwest, Northeast and Southeast regions. 

October 20, 2010
USG posts a loss of $100 million for Q3

Chicago-based USG Corp., parent company of North American Gypsum and owner of the Sheetrock brand,...

September 27, 2010
Foote to step down as USG CEO in 2011

Chicago-based USG Corp. announced that current president and COO James Metcalf will assume the duties...

Chicago-based USG Corp. announced that current president and COO James Metcalf will assume the duties of CEO and president, effective Jan. 1, 2011. Current CEO William Foote will continue in his role as chairman of the USG Corp. board of directors.

“It has been a distinct privilege to lead this great company over the past 15 years,” Foote said. “Jim has prepared himself extremely well to become USG’s next chief executive, and I look forward to working closely with him as he assumes this well-deserved role.”