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USG Corp. reported a first-quarter loss that was slightly lower than a year ago, as demand for its building products remains sluggish.
The Chicago-based manufacturer of wallboard and other products reported a net loss of $105 million, or $1.01 a share, in the period ending March 31. In the year-ago quarter, USG reported a net loss of $110 million, or $1.10 a share. Get the full story »
Building products maker USG Corp. reported a smaller fourth-quarter loss than it had a year ago and said it thinks the worst of the economic downturn is behind the company.
The Chicago-based company, the largest U.S. distributor of drywall, on Wednesday said it lost $121 million, or $1.17 a share in the fourth quarter. That compares with a year-ago quarterly loss of $598 million, or $6.02 a share. Get the full story »
USG Corp., the largest U.S. maker of gypsum wallboard, said James S. Metcalf will take over as chief executive officer from William C. Foote on Jan. 1 as the company tries to reverse 11 consecutive quarters of losses.
Metcalf, 52, who joined the sales force in 1980, has been president and chief operating officer of Chicago-based USG for the last four years, the company said in a statement. Foote, who is 59 years old and has been CEO for 15 years, will continue as chairman. Get the full story »
