Content about Armstrong World Industries

April 28, 2014

Armstrong World Industries pointed to favorable momentum benefiting both its top and bottom line in the first quarter of 2014.

Net sales for Armstrong were $634.4 million, up nearly 2% from the same period in 2013.

Net income came in at $16.9 million for the three months ended March 31, representing a good change from $3.2 million last year. A lower interest expense due to the write-off of deferred financing costs during last year's first quarter helped the company's bottom line.

April 14, 2014

Armstrong World Industries is kicking off construction at its Lancaster, Pa. facility, where it's spending $41 million to expand its manufacturing capacity to include luxury vinyl tile (LVT) for commercial and residential applications.

November 6, 2013

Armstrong World Industries has announced several changes to its management structure, which are scheduled to go into effect Nov. 16.

Most notably, Armstrong Flooring Products CEO Frank Ready will be retiring after 30 years with the company. Armstrong CFO Thomas Mangas will take his place, who will in turn be succeeded by Armstrong Building Products VP finance David Schulz.

July 29, 2013

Lancaster, Pa.-based Armstrong World Industries reported net sales of $706.6 million in the second quarter ended June 30. That's up 5% from the same quarter last year.

Net income declined 27.5% to $30.6 million.

The income declined due to increases in manufacturing and input costs driven by rising lumber costs, and higher labor costs associated with added crews at several solid wood plants to respond to increased demand, the company said. 

September 27, 2012

Armstrong World Industries has entered into an agreement to sell its cabinets business to American Industrial Partners for $27 million, according to a company announcement. Headquartered in The Colony, Texas, Armstrong’s cabinet division has a manufacturing facility in Thompsontown, Pa., and employs approximately 750 people. Sales in 2011 were $136 million, just under 5% of the company’s total sales. The unit had a loss in 2011 and had not been profitable since 2007.

September 6, 2012

Lancaster, Pa.-based Armstrong World Industries sold Patriot Flooring Supply to The Belknap White Group, a 35-year-old flooring distributor operating in New England and upstate New York.

The transaction closed on Sept. 1, 2012, the company announced Wednesday. Patriot, a flooring sales and distribution business that employs 65 people in Wilmington, Mass., and Pompton Plains, N.J., serves the New England, metropolitan New York and Northern New Jersey markets. 

January 4, 2012

Flooring and ceiling products manufacturer Armstrong World Industries announced this morning the completion of a refinancing and a special dividend payment  by WAVE, its 50% joint venture with Worthington Industries.

Under the deal, WAVE executed a $225 million three-year revolving credit agreement and a $50 million ten-year private placement bond. Proceeds of the transaction were used to repay WAVE's previous credit agreement, as well as to pay $50 million special dividends to each of WAVE's parent companies, Armstrong and Worthington.

January 4, 2012

Flooring and ceiling products manufacturer Armstrong World Industries announced this morning the completion of a refinancing and a special dividend payment  by WAVE, its 50% joint venture with Worthington Industries.

Under the deal, WAVE executed a $225 million three-year revolving credit agreement and a $50 million ten-year private placement bond. Proceeds of the transaction were used to repay WAVE's previous credit agreement, as well as to pay $50 million special dividends to each of WAVE's parent companies, Armstrong and Worthington.

November 7, 2011

Lancaster, Pa.-based Armstrong World Industries has acquired Intalite Inc., operating under the name Simplex. The acquisition will strengthen Armstrong's capabilities in the North American specialty ceiling market and supports the company's growth strategy, including the expansion of its global leadership and manufacturing presence in targeted markets.

Terms of the purchase were not disclosed. Simplex will become part of the Armstrong Building Products division.

November 7, 2011

Lancaster, Pa.-based Armstrong World Industries has acquired Intalite Inc., operating under the name Simplex. The acquisition will strengthen Armstrong's capabilities in the North American specialty ceiling market and supports the company's growth strategy, including the expansion of its global leadership and manufacturing presence in targeted markets.

Terms of the purchase were not disclosed. Simplex will become part of the Armstrong Building Products division.

August 2, 2011

Armstrong World Industries, a global manufacturer of floors, ceilings and cabinets, reported net sales of $748.6 million for its second fiscal quarter, a 3.3% rise over sales of $724.8 million in the same quarter a year ago.

Net income for the quarter, which ended June 30, was $37.9 million. This compares with $26.8 million in the second quarter of 2010, a 41.4% increase.

August 2, 2011

Armstrong World Industries, a global manufacturer of floors, ceilings and cabinets, reported net sales of $748.6 million for its second fiscal quarter, a 3.3% rise over sales of $724.8 million in the same quarter a year ago.

Net income for the quarter, which ended June 30, was $37.9 million. This compares with $26.8 million in the second quarter of 2010, a 41.4% increase.

March 8, 2011

Armstrong World Industries, a leading manufacturer of acoustical ceilings, has announced that its ceiling recycling program has now diverted more than 100 million sq. ft. of old ceiling tiles from landfills.

The Lancaster, Pa., company enables building owners and contractors to ship ceilings from renovation projects to the nearest Armstrong ceiling plant. Under the program, the company pays the freight costs for shipping the old ceilings, which it uses as raw materials in the manufacture of new ceilings.

March 8, 2011

Armstrong World Industries, a leading manufacturer of acoustical ceilings, has announced that its ceiling recycling program has now diverted more than 100 million sq. ft. of old ceiling tiles from landfills.

The Lancaster, Pa., company enables building owners and contractors to ship ceilings from renovation projects to the nearest Armstrong ceiling plant. Under the program, the company pays the freight costs for shipping the old ceilings, which it uses as raw materials in the manufacture of new ceilings.

January 11, 2011

Lancaster, Pa.-based Armstrong World Industries has named Victor "Vic" Grizzle EVP, Armstrong Building Products, starting Jan. 17, 2011. 

January 11, 2011

Lancaster, Pa.-based Armstrong World Industries has named Victor "Vic" Grizzle EVP, Armstrong Building Products, starting Jan. 17, 2011. 

December 25, 2007

A jury has ruled that Armstrong World Industries did not infringe upon a Pergo patent...

December 25, 2007

A jury has ruled that Armstrong World Industries did not infringe upon a Pergo patent...

© 2014 Home Channel News. All Rights Reserved.