USG Corp. (NYSE: USG), Chicago, IL, reported full year sales for 2014 of $3.7 billion, an increase of 4.3 percent from the previous year. Profit decreased to $37 million from $47 million in 2013.
L&W Supply, USG's distribution business, reported sales of $1.3 billion for the year, an increase of 8 percent from 2013. Operating profit was $16 million, up 166.7 percent from $6 million in 2013.
For the fourth quarter, sales for USG were $954 million, a 4.3 percent increase from the same period a year ago. The company reported a net loss of $53 million, as compared to a net loss of $4 million in fourth-quarter 2013.
L&W Supply sales for the fourth quarter grew 8.9 percent to $342 million. Operating profit was $7 million, up 75 percent from $4 million in fourth-quarter 2013.
