USG’s Third-Quarter Profits Improve; L&W Sale Expected to Close on Oct. 31
USG reported solid third-quarter results as sales grew 3% year over year and adjusted operating margins (excluding Boral joint venture income) improved 160 basis points to 14.2% from 12.6%. Much of no-moat USG’s improved profitability was driven by the U.S. ceilings business, which expanded operating margins 700 basis points to 24.6%. The U.S. ceilings business benefited from increased ceiling tile and grid pricing, favorable mix-shift toward higher-end products, and lower input costs. The compa...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.
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.
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