L&W Supply, the distribution division of USG Corp. and the sixth-largest dealer on 2013's ProSales 100 posted an operating profit of $4 million in its 2013 fourth quarter, up from a loss of $10 million in the fourth quarter of 2012.
This report marks the third straight quarter of positive operating profit. The last time L&W posted a $4 million profit was in the third quarter of 2008.
Overall, L&W reported a 2013 total operating profit of $6 million, up substantially from a $33 million total loss in 2012.
4Q same-store sales increased by 11%, and wallboard volumes grew by 12%.
As a company, USG swung upward by earning $60 million in 4Q 2013 compared to its 2012 4Q loss of $8 million. Similarly, its total operating profit jumped to $258 in 2013, up 253% from a total operating profit of $73 million in 2012.
“We’re pleased to have delivered a fourth consecutive quarter of positive operating results with improved performances in all major businesses” said James S. Metcalf, Chairman,
President and CEO.