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USG sales set record in 2006

Building products giant USG Corp. recorded earnings of $288 million on record sales of $5.8 billion in 2006, the company announced Monday. For the fourth quarter, net sales declined 3 percent from a year earlier, to $1.29 billion, because of a sl...

Building products giant USG Corp. recorded earnings of $288 million on record sales of $5.8 billion in 2006, the company announced Monday.

For the fourth quarter, net sales declined 3 percent from a year earlier, to $1.29 billion, because of a slowdown in housing construction. Earnings in the last three months of 2006 were $100 million, compared with a net loss of$1.8 billion a year earlier, a figure that included a provision for asbestos claims.

The ceiling tile division reported fourth-quarter 2006 net sales of $180 million, with an operating profit of $13 million. Sales were $2 million higher than the fourth quarter of 2005, but operating profit declined $2 million.

Chicago-based USG operates a ceiling tile manufacturing plant in Cloquet.

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