LANCASTER, Pa. -- Armstrong Holdings Inc. reported 2002 second quarter net sales of $825.2 million, an increase over the $814.2 million the company reported in the second quarter of 2001. Increases in the wood flooring and cabinets business units were offset by declines in the other business segments.
Operating income of $55.6 million in the second quarter of 2002 decreased 10.5 percent from $62.1 million in the second quarter of 2001. The only product segment in the company to report higher operating income was wood flooring. Weak results in Europe, coupled with a reduced pension credit, higher medical costs and competitive pricing pressures in the United State, were the primary causes for the year-to-year decline.