- USG Corp. (USG) -5.9% AH after issuing downside guidance for Q3, seeing EPS of $0.21 vs. $0.29 analyst consensus and revenues of $925M vs. $936M consensus.
- USG attributes the results, which are an improvement Y/Y, to better wallboard price and volume and positive operating results at L&W Supply, partially offset by higher SG&A expense as expected and lower profitability from its GTL shipping company due to timing of shipments in H2.
- Also, USG announces a plasterboard and ceilings joint venture with Australian peer Boral Ltd.; in order to achieve a 50% interest in the JV, USG will pay Boral total cash payments of up to $575M.
From other sites
at 4-traders.com (Mar 23, 2015)
at Nasdaq.com (Feb 11, 2015)
at Benzinga.com (Jan 12, 2015)
at Nasdaq.com (Jan 9, 2015)
at CNBC.com (Oct 16, 2014)
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