USG Corp. (USG) Tops Q4 EPS by 9c; $250M Stock Buyback

USG Corp. (NYSE: USG) reported Q4 EPS of $0.44, $0.09 better than the analyst estimate of $0.35. Revenue for the quarter came in at $734 million versus the consensus estimate of $726.62 million.

The company also announced a $250 million share repurchase program.

“We are in a stronger financial position than we have been in for many years,” said Jennifer F. Scanlon, President and CEO. “In 2016 we expanded adjusted operating margins in our Gypsum, Ceilings, and USG Boral businesses. We finished the year on a high note by paying off $900 million of debt and today we announced a $250 million share repurchase program to return capital to our shareholders.”

For earnings history and earnings-related data on USG Corp. (USG) click here.

You May Also Be Interested In

• Klarna shares tumble on weak full-year revenue guidance
• Terra Innovatum Global N.V. (NKLR) Misses Q2 EPS by 12c
• Fabrinet (FN) Tops Q4 EPS by 29c, Beats on Revenue; Offers Guidance