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.
