USG Turns To Profit In Q3 As Sales Climb 12% - Quick Facts

(RTTNews) - Building products firm USG Corp. (USG) Thursday reported a profit for the third quarter, compared to a loss last year, helped by higher revenues.

Net income was $23 million or $0.21 per share, compared to a loss of $29 million or $0.28 per share last year.

The latest results include a loss of $1 million from discontinued operations, net of tax. Last year's results included $1 million in income from discontinued operations and $3 million in restructuring and long-lived asset impairment charges.

Adjusted net income was $24 million, while the company reported an adjusted net loss of $27 million last year.

On average, 18 analysts polled by Thomson Reuters expected earnings of $0.24 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales climbed 12 percent to $925 million from $828 million in the prior year. Wall Street expected revenues of $934.81 million.