LANCASTER, Pa. -- Ceiling and flooring maker Armstrong Holdings Inc. reported a 17% rise in operating earnings, spurred by demand for its cabinets and easy-to-clean vinyl and laminate flooring.
Lancaster, Pa.-based Armstrong said fourth-quarter operating earnings rose to $1.8 million compared to a $2.1 million operating loss a year ago. The company posted a net loss of $800,000, or 2 cents a share, in the quarter compared with a net loss, which included reorganization costs, of $100.3 million, or $2.48 a share a year ago.