Congoleum Corp. has reported its financial results for the third quarter ended September 30, 2004. Sales for the three months were $58.9 million, compared with sales of $61.1 million reported in the third quarter of 2003, a decrease of 3.6 percent. Net income for the quarter was $1.2 million compared with $1.3 million in 2003. Diluted net income per share for the quarter was $0.13, compared with $0.15 in 2003. Results in the third quarter of 2003 included $1.6 million or $0.19 per share from the recognition of tax benefit realized as a result of net operating loss carry back claims received.

Sales for the nine months ended September 30, 2004 were $173.8 million, compared with sales of $169.7 million reported in the first nine months of 2003, an increase of 2.4 percent. Net income for the nine months was $2.1 million, or $0.25 per share, versus a net loss of $3.3 million, or $0.40 per share, in the first nine months of 2003.