Congoleum announces third quarter results
Sales for the third quarter were $57.9 million, compared with sales of $61 million reported in the third quarter of 2000. Net income for the quarter was $1.2 million versus income of $1.7 million in the third quarter of 2000. Earnings per share for the quarter were $.14 compared to $.21 in the third quarter of 2000.
Third quarter sales totaled $166.6 million, compared with sales of $173.1 million in the first nine months of 2000, a decrease of 3.8%. The net loss for the first nine months of 2001 was $2.4 million, or $.28 per share.
Roger S. Marcus, Congoleum’s chairman of the board, noted that while the events on Sept. 11 impacted the company’s September business, October sales returned to normal.