Profits Up 10.3% At Armstrong In Second Quarter

Armstrong World Industries today reported a 10.3 percent increase in second-quarter net profits, despite lower sales.

Net profits were $41.8 million (70 cents a share), up from $37.9 million (64 cents a share) in the second quarter of 2011.

Sales, however, fell 5.2 percent to $709.9 million from $748.6 million in the comparable year-ago period.

Although sales slid, Armstrong said it boosted profits by cutting manufacturing costs and reducing its selling, general and administrative expenses.

Read more:–at-Armstrong-in-second-quarter.html#ixzz227UDFhit

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s