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Published on 9/1/2005 in the Prospect News Distressed Debt Daily.

USG posts $59.19 million June operating income

By Caroline Salls

Pittsburgh, Sept. 1 - USG Corp. reported a $59.19 million operating income for June on sales of $374.09 million, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

The figures compare to $52.09 million in operating income for May on sales of $380.88 million.

The net earnings for June were $35.33 million, up from $31.86 million in May net earnings.

Cash and cash equivalents on June 30 were $579.37 million, up from $484.07 million at the end of May.

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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