LANCASTER, PA -- Armstrong World Industries, which emerged from bankruptcy Oct. 2, reported third quarter 2006 net sales of $973.6 million, a 4% increase over the same period in 2005. Included in the Q3 total was a 4% decrease in resilient flooring sales to $304.8 million, a 1% decrease in wood flooring sales to $217.2 million, a 13.5% increase in building products to $394.5 million and a 6% gain in cabinet sales to $60.8 million. Armstrong received $1.1 billion in new loans to finance its reorganization plan. That plan includes paying off creditors and establishing a $1.8 billion trust for asbestos victims

Read more.


Have something to say? Share your thoughts with us in the comments below.