The following are excerpts from a conversation we had with Jeff King about some of the elements surrounding the Paycheck Protection Program and other topics including business interruption insurance.

Third quarter net sales were $279 million, down 20% versus $348 million in the prior year period.

Armstrong Flooring reported a decrease in net sales for the third quarter, primarily due to lower sales volumes related to COVID-19 pandemic-related business disruptions. 

With a focused goal to break the gridlock on the latest COVID-19 relief package, this proposal should encourage negotiators to get back to the table.

The research and benchmarking tool collects data from industry distributors on sales results from the prior quarter along with forecasts for the upcoming quarter.

Congress is currently considering a fifth round of major legislation to help small businesses and to stimulate the economy in response to the COVID-19 pandemic. The World Floor Covering Association is looking for help to spread the word for the industry to act.

Congoleum, one of America's oldest resilient flooring manufacturers, founded in 1886, announced that it has initiated voluntary reorganization proceedings in the District of New Jersey under Chapter 11 of the U.S. Bankruptcy Code.