CHICAGO -- USG Corporation, a leading building products company, reported a fourth quarter net loss attributable to USG of $53 million. Fourth quarter net sales totaled $954 million, up 4 percent from fourth quarter 2013 net sales of $915 million. The company attributed the loss to impairments and other related costs associated with its non-core shipping business and $13 million of charges to permanently settle a pension plan in the United Kingdom.
"I'm pleased with the progress we made towards our Plan to Win during the quarter, delivering strong adjusted operating profit from our operations," said James S. Metcalf, Chairman, President, and CEO. "All of our businesses are heading in the right direction, and we are well positioned for profitable growth in all of our improving end markets."
USG recorded full year 2014 net sales of $3.7 billion and operating profit of $162 million, with net income attributable to USG of $37 million.