Armstrong’s Yearly Profit Climbs

Armstrong World Industries today reported a small drop in net profits for the fourth quarter but a sizable increase for the year.

For the quarter, net profits slid 1.2 percent to $8.4 million (14 cents a share) from $8.5 million (14 cents a share) in the 2011 quarter.

Sales dipped 1.6 percent to $612.8 million.

Read more: http://lancasteronline.com/article/local/816802_Armstrong-s-yearly-profit-climbs.html#ixzz2LOK0sAFf

Lancaster-Based Armstrong World Industries Reports 10-Fold Profit Increase

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Armstrong World Industries today reported a profitable fourth quarter and a ten-fold increase in profits for the full year.

Helping the results were sharply lower restructuring charges, the absence of asset-impairment charges and lower selling, general and administrative expenses.

Lancaster-based Armstrong also announced it will build its first manufacturing plant in Russia, continuing its expansion into what it calls “emerging markets.”

The $100 million mineral-fiber ceiling plant is expected to begin operations in 2015, said Armstrong, although the company did not name the city where the plant will be located.

Read more: http://lancasteronline.com/article/local/594659_Armstrong-reports-profitable-fourth-quarter–sees-10-fold-increase-in-profits-over-last-full-year.html#ixzz1nbRWCT1O