USG Corp.’s board of directors has declared a new quarterly dividend of 2½ cents per share payable March 21, 2001, to shareholders of record as of Feb. 23, 2001. The fourth-quarter dividend represents a decrease from the previous quarterly dividend of 15 cents per share.
The Dixie Group Inc. has reported that, for the fourth quarter ended Dec. 30, 2000, the company reported a net loss of $5.7 million, or 50 cents per diluted share, compared with net income of $3.1 million, or 26 cents per diluted share, for the same period last year.
During Surfaces 2001, Beaver Decorating of Reedsburg, Wis., and Zersen Flooring of Monroe, Wis., were named grand prize winners of Elk Grove Village, Ill.-based All Tile's Driveaway Sweepstakes.
Mohawk Industries Inc. reported that diluted earnings per share (EPS) came in at a fourth quarter record of 74 cents -- 6% above last year -- or $39.26 million in net earnings.
Armstrong World Industries Inc., the chief operating division of Armstrong Holdings Inc. which filed for Chapter 11 reorganization in early December, said that it received final approval from the bankruptcy court of its debtor-in-possession credit facility with Chase Manhattan Bank in the amount of $300 million.
Spending on U.S. construction projects rose unexpectedly in December, the U.S. Commerce Department reported, led by gains in single-family home and office building.
Sales of new homes jumped unexpectedly in December, the government said in a report showing a resilient market for new housing even as economic growth slows abruptly.
The Dixie Group Inc. has announced that results for the fourth quarter and year ended Dec. 30, 2000, will be adversely affected by lower-than-anticipated sales revenue, costs related to consolidation of the company's North Georgia operations and the closing of a beck dyeing operation.
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