USG Corp. Q1 Profit Tops Estimates - Quick Facts

(RTTNews) - USG Corporation (USG) reported first-quarter net income of $24 million or $0.16 per share, compared to $45 million or $0.32 per share, prior year. Adjusted earnings per share was $0.29, for the quarter.

On average, 20 analysts polled by Thomson Reuters expected the company to report profit per share of $0.26 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased to $909 million from $850 million last year. Analysts expected revenue of $906.18 million for the quarter.

USG announced that it has entered into agreements to sell the two ships in its non-core shipping business, Gypsum Transportation Limited, for $42 million. The sales of the ships are expected to close in April 2015.