Report
Brian Bernard
EUR 100.00 For Business Accounts Only

USG Releases 3Q Results; Knauf's Acquisition of USG Is Still Expected to Close in Early 2019

Like last quarter, USG's third-quarter results were mixed, in our view. While the no-moat building materials manufacturer reported solid year-over-year revenue growth, profit margins slipped from the year-ago quarter as the firm continues to struggle with rising input costs. USG's third-quarter revenue grew 7% year over year to $851 million, but adjusted operating margin contracted 270 basis points to 10.6% and adjusted EPS of $0.45 came in $0.02 shy of last year's adjusted EPS. Because USG is i...
Underlying
USG Corporation

USG is a manufacturer of building materials and solutions. The company's segments are: Gypsum, which manufactures and markets gypsum and related products primary used in a variety of building applications; Performance Materials, which manufactures and markets products used in a variety of interior and exterior building applications of residential, nonresidential buildings and industrial; Ceilings, which manufactures and markets ceiling interior systems products including ceiling tile, ceiling grid, and specialty ceilings; and USG Boral Building Products, which manufactures and distributes products for wall, ceiling, floor lining and exterior systems that utilize gypsum wallboard.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Brian Bernard

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