Congoleum Corp. has reported that sales for the three months ended June 30, 2004, were $63.0 million, compared with sales of $55.0 million reported in the second quarter of 2003, an increase of 14.5 percent. Net income for the quarter was $1.4 million versus a net loss of $2.0 million in the second quarter of 2003. Net income per share for the second quarter of 2004 was 16 cents, compared with a net loss per share of 24 cents in the year-earlier period.
Sales for the six months ended June 30 were $115.0 million, compared with sales of $108.6 million during the first six months of 2003, an increase of 5.9 percent. Net income for the first six months of 2004 was $900,000, or 11 cents per share, versus a net loss of $4.6 million, or 55 cents per share, in the first six months of 2003.