Inside these posts: Drywall

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USG reports 1Q loss on sluggish demand

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 »

USG reports smaller loss in 4Q

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 names James Metcalf CEO

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 »