LANCASTER, PA - Wood flooring sales rose, while cabinet sales fell fourth quarter for construction supplies giant Armstrong World Industries, Inc. (NYSE: AWI).

Armstrong Earnings Soar, Wood Flooring Sales RiseArmstrong, which also makes building materials and resilient flooring, among other items, reported increased sales in Asia, flat sales in the Americas, and a drop in sales in Europe. Overall sales were $2.86 billion for the year ended December 31, 2011, up about 3 percent over 2010. But net income soared, to $112.4 million, up from $10 million as Armstrong took charges on closing plants and other write-downs.

Wood flooring sales rose 3.4 percent to $111.5 million. In 2010 armstrong recorded a $32 million loss in its wood flooring segment, a result of $5 million of fixed asset write downs and severance charges related to the closure of two manufacturing facilities, and $22 million of impairment charges for wood flooring trademarks.

Cabinet sales, meanwhile fell 10.5 percent to $29 million, with the segment posting an operating loss of $2.4 million.

Armstrong Industries 2011 Earnings

SEGMENT RESULTS

Armstrong World Industries, Inc., and Subsidiaries

(amounts in millions, quarterly data is unaudited)





Three Months Ended
December 31,

Three Months Ended
December 31,

Year Ended
December 31,

Year Ended
December 31,


Net sales

2011

2010

2011

2010


Building Products

$ 289.7

$ 273.4

$ 1,237.5

$ 1,135.5


Resilient Flooring

221.9

229.3

1,002.3

1,013.2


Wood Flooring

111.5

107.8

483.3

479.1


Cabinets

29.0

32.4

136.4

138.6


   Total net sales

$ 652.1

$ 642.9

$ 2,859.5

$ 2,766.4


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