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Published on 5/23/2005 in the Prospect News Distressed Debt Daily.

USG posts $43.94 million April operating income

By Caroline Salls

Pittsburgh, May 23 - USG Corp. reported $43.94 million in operating income for April on sales of $370.69 million, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

In March, the company reported earnings of $37.67 million on sales of $391.75 million.

The net earnings for April were $22.9 million.

Cash on April 30 was $472.9 million, down from March's $482.58 million mark.

The Chicago-based building materials company filed for bankruptcy on June 25, 2001. Its Chapter 11 case number is 01-02094.


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