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.
Congoleum reports third quarter results
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.