U S G CORP
SymbolUSG

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USG Corporation Reports Third Quarter 2009 Net Sales of $822 Million and a Net Loss of $94 Million

2009-10-21 08:30 ET - News Release


Company Website: http://www.usg.com
CHICAGO -- (Business Wire)

USG Corporation (NYSE:USG):

  • Market conditions continue to impact revenues negatively
  • Cost reductions, gross margin improvements partially offset effects of lower volume
  • Liquidity improved significantly due to new financing, working capital initiatives
  • Net loss includes $43 million in after-tax charges for restructuring, asset impairment

USG Corporation (NYSE:USG), a leading building products company, today reported third quarter 2009 net sales of $822 million and a net loss of $94 million, or $0.96 per diluted share. For the same period a year ago, the corporation recorded net sales of $1.2 billion and a net loss of $36 million, or $0.36 per diluted share.

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