USG Corp. (NYSE: USG), Chicago, IL, reported full year sales for 2015 of $3.8 billion, a 1.4 percent increase from the previous year. Profit skyrocketed to $991 million from $37 million in 2014.
L&W Supply, USG's distribution business, reported sales of $1.4 billion for the year, an increase of 6.2 percent from 2014. Operating profit was $27 million, up 68.8 percent from 2014.
For the fourth quarter, sales for USG were $925 million, a 3 percent decrease from the same period a year ago. The company reported a profit of $812 million, up from a net loss of $53 million in fourth-quarter 2014.
L&W Supply sales for the fourth quarter grew 2.9 percent to $352 million. Operating profit was $5 million, down 28.6 percent from fourth-quarter 2014.
