Foamex International Inc. reported second quarter net income of $2.7 million, or 10 cents per diluted share, on net sales of $334.3 million, a decline of 3 percent compared to $345.9 million in the record quarter of a year ago. The company also announced that it is presently finalizing a comprehensive refinancing of its bank debt.
Congoleum Corp. reported a 19.1 percent decline in net income for this year’s second quarter and a $2 million net loss. The quarter’s net sales of $55 million compare with sales of $68 million in the second quarter of 2002. The company’s net quarterly loss of 24 cents per share compares with net income of $800,000,or 10 cents per share, during last year’s second quarter.
For the first time, the World Floor Covering Association (WFCA) will collaborate with other independent trade associations and industry groups in an effort to increase the number of WFCA members and non-members earning one of its Certified Flooring designations.
Congoleum's new "Get Smart, Get Cash" promotion offers retail salespeople the opportunity to earn cash for selling the company's new DuraCeramic product line.
DuPont has announced that it is in exclusive negotiations with subsidiaries of Koch Industries Inc., Wichita, Kan., regarding the possible sale of DuPont Textiles & Interiors (DTI).