MERCERVILLE, N.J.--Congoleum Corp. recently reported its financial results for the fourth quarter and full year ended Dec. 31.
Sales for the fourth quarter of 2001 were $56.7 million, up $5.2 million or 9.9% from the fourth quarter of 2000. A provision for inventory to be returned from a terminated distributor reduced sales in the fourth quarter of 2000 by $4 million. Excluding the effect of this return provision, sales in the fourth quarter of 2001 were up $1.2 million or 2.2% over 2000.