So now, let's take a look at the quarter. For U.S. Gypsum, overall wallboard volume, price and cost significantly improved compared to the second quarter of 2011. Compared to the first quarter, our volume was down slightly, but our margin increased with both price and cost improvement. Our new pricing strategy, which we instituted earlier this year, which gives our customers certainty on price levels continues to be very effective. In our Substrates business, we had strong results with our next-generation DUROCK, with margins up over 16% year-on-year, and DUROCK volume was the strongest since 2008.Now turning to our Ceilings business. Profitability in the quarter remained strong due to the growth of our high-end ceiling tile and solid grid margins. Sales were down slightly versus the first quarter, but we do expect a pickup as we are currently in the school construction season and the seasonality of our big-box business which will happen in the fall.
USG Management Discusses Q2 2012 Results - Earnings Call Transcript
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