LANCASTER, Penn. — Armstrong World Industries took a heavy hit in Q1, with operating income falling 34% to $35.8 million, largely due to higher non-cash U.S. pension expense and separation costs related to the spinoff of the company’s flooring business. Adjusted earnings before interest were $75 million, a drop of 10%. The board has named Larry McWilliams to head up Armstrong Flooring after its separation is completed, while Jim O’Connor will remain chairman of Armstrong Enterprises.
Armstrong results plummet
Most Recent
Most Read
Weyerhaeuser sales, earnings slip in Q2
Fri, July 26th, 2024
Don’t miss the incredible speakers at the Hardlines Conference!
Fri, July 26th, 2024
Canfor announces CEO succession
Thu, July 25th, 2024
West Fraser reverses Q2 loss
Thu, July 25th, 2024
Tractor Supply’s comp sales dip in Q2
Thu, July 25th, 2024
Loblaw turns in mixed Q2 results, strong online sales
Thu, July 25th, 2024
In memoriam: blues rock legend John Mayall
Thu, July 25th, 2024
Barcodes turn 50
Wed, July 24th, 2024
Featured Classified: RONA
Wed, July 24th, 2024
RONA affiliate makes acquisitions in Ottawa area
Tue, July 23rd, 2024