Thursday, October 20, 2011

USG Corporation Reports Third Quarter 2011 Results ($USG)

From today's press release with Q3 2011 results:

[T]hird quarter 2011 net sales of $792 million, an operating loss of $76 million and a net loss of $115 million, or $1.09 per share based on 105.3 million average shares outstanding. In last year's third quarter, net sales were $758 million, the operating loss was $58 million and the net loss was $100 million, or $1.00 per share based on 100.1 million average shares outstanding.

"Many of our key markets continue to experience recessionary levels of demand that are near record lows," said James S. Metcalf, President and CEO.
Stockholder's equity fell to $375 million. Market cap is $831 million, for a price-to-book ratio of 2.2x.

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