 |
 |
||||||
[September 2002]
USG Corporation Reports Second Quarter Results
USG Corporation (Chicago, IL, USA) achieved second quarter net sales of US$885 million and net earnings of US$48 million. Net sales and net earnings increased by US$79 million and by US$61 million, respectively, over the second quarter of last year. Diluted earnings per share for the second quarter of 2002 were US$1.11 compared with a net loss of US$0.29 in the same period in 2001."We are pleased with our progress this quarter," said chairman, president and CEO William Foote. "Our businesses continued to perform well in an unsettled construction market by focusing on those factors we can manage, such as our strong customer relationships, our costs and our continued growth. Our financial results reflect the success we are having in those areas."
The corporation includes the US Gypsum business whose industrial products incorporate a range of plasters for use in the ceramic industry. Among these are the general purpose Pottery Plaster (recommended for most slip casting applications); No 1 Pottery Plaster, formulated for stronger, longer lasting ceramic slip moulds; PURITAN Pottery Plaster, a slightly denser, longer wearing mould material recommended for jiggering applications; and DURAMOLD Pottery Plaster, formulated to provide a longer lasting, more durable gravity slip casting mould - used at a lower consistency than conventional pottery plasters. There is also CERAMI-CAL Gypsum Cement, a RAM die material.
ENDS