USG Announces First Quarter Results

Building products company reports record first quarter net sales.

Published April 27, 2005

USG Corp., Chicago, has announced its first quarter 2005 financial results, reporting record net sales of $1.17 billion, an increase of 15 percent from the first quarter of 2004.

Net earnings in the first quarter rose to $77 million, a 35 percent increase from the $57 million reported in 2004.

 

First quarter 2005 diluted earning per share were $1.77 compared to $1.33 in the same period last year.

 

“USG had another solid performance this quarter,” says William C. Foote, USG Corp. chairman and president. “Net sales were a record for any first quarter in USG history.”
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