Congoleum Corp. reported that the company's sales for the three months ended March 31, 2002 were $57.9 million, compared with sales of $51.6 million reported in the first quarter of 2002, an increase of 12.3%.
Matsushita Electric Works Ltd. in partnership with a company in Dalian, China, has set up a joint firm to make and sell electric carpets for the Chinese market.
Stung my losses, building products company Louisiana-Pacific Corp. has embarked on a radical restructuring initiative to cut debt that includes the sale of businesses and a 45% reduction in its workforce.
Worker productivity, a key ingredient to the economy's long-term vitality, shot up at an annual rate of 8.6% in the first quarter, the best performance in nearly 19 years.
Mohawk Industries has introduced a new "Mohawk makes the room" national advertising campaign that was developed to continue the company's successful brand positioning.
The Dixie Group Inc. reported net income of $496,000, or 4 cents per diluted share, for the first quarter ended March 30, compared with a net loss of $2.7 million, or 24 cents per diluted share, for the first quarter of 2001.
Manufacturing activity grew for a third straight month in April, but at a slower rate than the previous month, according to the Institute for Supply Management.
Interface Inc. announced a decline in sales and operating income for the first quarter ended March 31, 2002. In addition, the company posted a net loss for the period.
Armstrong Holdings Inc. has reported declines in first quarter 2002 net sales and earnings. Net sales for the year’s first quarter came in at $747.6 million, approximately 4% lower than the $779.9 million logged in comparable year-earlier.
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