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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.

Q.E.P. Co. announced solid advances in its financial performance for the fiscal 2002 fourth quarter and full year ended Feb. 28, 2002.

The Conference Board's Consumer Confidence Index, which surged in March, declined moderately in April. The Index now stands at 108.8 (1985=100), down from 110.7 in March.

DuPont Co. recently announced its plans to to cut 2,000 jobs in its DTI textiles and interiors business.

The Commerce Department recently reported that consumer spending and personal income increased in March.

Consumer confidence decreased slightly at the end of April compared to March, according to the University of Michigan 's full-month report on consumer sentiment.

USG Corp. recently reported first quarter net sales of $829 million and net earnings of $26 million.

Solutia Inc. reported first quarter 2002 net income of $11 million, or 10 cents per share, on net sales of $654 million.

The National Wood Flooring Association (NWFA) will host “Turning Problems into Profits,” a web seminar, on May 15 at 6 p.m. EST.

The Commerce Department recently reported that the economy grew in the first quarter at the fastest pace in more than two years.