Congoleum Corp. has reported that sales for the three months ended June 30, 2004, were $63.0 million, compared with sales of $55.0 million reported in the second quarter of 2003, an increase of 14.5 percent. Net income for the quarter was $1.4 million versus a net loss of $2.0 million in the second quarter of 2003. Net income per share for the second quarter of 2004 was 16 cents, compared with a net loss per share of 24 cents in the year-earlier period.
Foamex International has reported mixed 2004 second quarter results. Net sales for the period were $314.1 million, down 7 percent from $337.6 million in the second quarter of 2003 due to lower volume in the Automotive segment. Gross profit in the second quarter of 2004 was $40.2 million, up 4 percent from $38.7 million in the second quarter of 2003.
Effective Aug. 2, Unilin Decor, the manufacturer of Quick-Step glueless laminate flooring, is following in its Belgium-based parent company's move to change its name to Unilin Flooring N.C., LLC.
The manufacturer of TEC brands is inviting ceramic tile/natural stone contractors and installers to attend the company's free, hands-on Contractor Nights training sessions. The sessions are offered regularly at various distributor locations throughout the United States.
Armstrong Holdings, Inc. has reported second quarter 2004 net sales of $903.5 million, a 9.3 percent increase over second quarter net sales of $826.9 million in 2003. Excluding the favorable effects of foreign exchange rates of $16.5 million, consolidated net sales increased by 7.1 percent.
Congoleum Corp. has announced that the bankruptcy court approved the company's request to reschedule its confirmation hearing from Sept. 9 to Oct. 5, 2004.
Rubber and vinyl commercial flooring manufacturer Flexco has appointed Alan Tate as sales manager for the company's newly created Southwest territory, which spans Colorado, Kansas, Missouri, Nebraska, northern Texas, and Oklahoma.
With continued success and growth in the U.S. market, Kronotex USA is responding to product demand by breaking ground on its first U.S.-based manufacturing facility at the 1,630-acre South Carolina Advanced Technology Park in Barnwell County, S.C.
The Dixie Group reported that, for the second quarter of 2004, income from continuing operations was $3.49 million, or 27 cents per diluted share, compared with income from continuing operations of $1.89 million, or 16 cents per diluted share, during the second quarter of 2003. Sales for the second quarter of 2004 were $70.82 million, up 20 percent from sales of $58.86 million in the year-earlier quarter.
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