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Home » Topics » Breaking Flooring News

Breaking Flooring News
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Armstrong talks with CVC Capital Partners about sale of commercial carpet unit

February 20, 2001
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Armstrong DLW AG, a subsidiary of U.S.-based Armstrong Holdings Inc., has entered into talks with CVC Capital Partners on the possible sale of the European components of its Textiles and Sports Flooring division, which operates under the brand name Desso.
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Housing starts jump in January to nine-month high

February 20, 2001
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Housing starts rose strongly in January to their highest level in nine months, the government said in a report that suggested lower mortgage rates were breathing life into the housing market.
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Armstrong warns of slackening performance

February 20, 2001
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Armstrong Holdings, whose operating unit, Armstrong World Industries Inc., filed for Chapter 11 protection in December to resolve its asbestos liability, reported that it would disclose its financial results for 2000 in its 10-K report to the SEC in late March.
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Housing market index rebounds in February

February 15, 2001
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Indicating that favorable financing conditions are helping stabilize the nation's single-family housing market, the National Association of Home Builders' Housing Market Index (HMI) rebounded three points to 58 in February from an upwardly revised 55 reading in the previous month.
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Design Flooring Distributors Inc. named distributor of Mirage prefinished hardwood

February 14, 2001
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Design Flooring Distributors of Deerfield Beach, Fla. has been selected as the exclusive distributor of Mirage prefinished hardwood flooring throughout Florida and the east coast of Georgia.
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USG Corp. reduces quarterly dividend

February 14, 2001
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USG Corp.’s board of directors has declared a new quarterly dividend of 2½ cents per share payable March 21, 2001, to shareholders of record as of Feb. 23, 2001. The fourth-quarter dividend represents a decrease from the previous quarterly dividend of 15 cents per share.
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Dixie Group reports quarterly and year-end losses

February 14, 2001
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The Dixie Group Inc. has reported that, for the fourth quarter ended Dec. 30, 2000, the company reported a net loss of $5.7 million, or 50 cents per diluted share, compared with net income of $3.1 million, or 26 cents per diluted share, for the same period last year.
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All Tile awards vehicles and cash at Surfaces

February 12, 2001
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During Surfaces 2001, Beaver Decorating of Reedsburg, Wis., and Zersen Flooring of Monroe, Wis., were named grand prize winners of Elk Grove Village, Ill.-based All Tile's Driveaway Sweepstakes.
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Mohawk turns in record EPS for Q4, year but warns of weakness ahead

February 8, 2001
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Mohawk Industries Inc. reported that diluted earnings per share (EPS) came in at a fourth quarter record of 74 cents -- 6% above last year -- or $39.26 million in net earnings.
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Armstrong gets final approval of Debtor-In-Possession credit facility

February 8, 2001
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Armstrong World Industries Inc., the chief operating division of Armstrong Holdings Inc. which filed for Chapter 11 reorganization in early December, said that it received final approval from the bankruptcy court of its debtor-in-possession credit facility with Chase Manhattan Bank in the amount of $300 million.
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