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
Sure, you can show a profit if you DON’T PAY YOUR BILLS, anyone can show a profit. OH, maybe not those companies that are WAITING and WAITING to get paid for supplies and services that Armstrong has had the use of and have continued to produce a product.