USG Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported net sales were $786 million against $767 million for the same period a year ago. Operating profit was $46 million against $84 million for the same period a year ago. Income from continuing operations before income taxes was $45 million against $84 million for the same period a year ago. Income from continuing operations was $36 million against $55 million for the same period a year ago. Net income was $37 million against $55 million for the same period a year ago. Diluted earnings per average common share were $0.25 against $0.37 for the same period a year ago. Net cash used for operating activities was $15 million against $30 million for the same period a year ago. Capital expenditures were $52 million against $39 million for the same period a year ago. Adjusted net sales - non-GAAP were $796 million against $767 million for the same period a year ago. Adjusted operating profit - non-GAAP was $68 million against $97 million for the same period a year ago. Adjusted net income - non-GAAP was $46 million against $55 million for the same period a year ago. Adjusted earnings per adjusted average diluted common share non-GAAP were $0.32 against $0.37 for the same period a year ago.

The company remains confident in 2018 outlook for all of segments and continue to believe that 2019 will be the breakout profit year of strategy.