USG Earnings: Everything You Must Know Now

USG Corp. (NYSE:USG) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 1.29%.

USG Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $0.22 in the quarter versus EPS of $-0.15 in the year-earlier quarter.

Revenue: Rose 11.03% to $916 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: USG Corp. reported adjusted EPS income of $0.22 per share. By that measure, the company beat the mean analyst estimate of $0.18. It beat the average revenue estimate of $880.9 million.

Quoting Management: “We are pleased to generate net income for the second consecutive quarter,” said James S. Metcalf, Chairman, President and CEO. “Results in all major business units have improved from one year ago, including L&W Supply, which achieved an operating profit for the first time since 2008.”

The corporation’s adjusted net income was $26 million in the second quarter of 2013, which compares to an adjusted net loss of $18 million in the second quarter of 2012. The adjusted net income for the second quarter of 2013 excludes $1 million in restructuring charges. The adjusted net income for the second quarter of 2012 excluded $2 million in income from discontinued operations and $41 million in loss on the extinguishment of debt.

“We will continue to lower our break-even, improve our margins, and find growth opportunities as we build upon the recovery,” Metcalf said. “The positive trend in our results demonstrates that our Plan to Win is working.”

Key Stats (on next page)…

Revenue increased 12.53% from $814 million in the previous quarter. EPS increased 2100% from $0.01 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.24 to a profit $0.25. For the current year, the average estimate has moved up from a profit of $0.55 to a profit of $0.56 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)