Congoleum Corp. recently
reported its financial results for the first quarter ended March 31, 2003.
Sales for the three months ended March 31, 2003 were $53.6 million, compared
with sales of $57.9 million reported in the first quarter of 2002, a decrease
of 7.4 percent. The net loss for the quarter was $2.6 million versus a net loss of
$0.6 million (before a required accounting change) in the first quarter of
2002. The net loss per share was $.31 in the first quarter of 2003 compared with $.08 per share (before accounting change) in the first quarter of 2002.