December 1, 2015
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Recent Industry Events
Dan Frierson Discusses the CRI and the Dixie Group's Third Quarter Results
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Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Armstrong Initiating Price Increase in Canada on Certain Products
Lancaster, PA, November 2, 2015—Armstrong announced that it will initiate a price increase for commercial sheet, linoleum and VCT in the first quarter of 2016 due to the sustained level of the current exchange rate.
Armstrong Q3 Sales Down Overall, but Resilient Flooring Sees Growth
Lancaster, PA, October 30, 2015—Armstrong World Industries announced third quarter 2015 sales of $658.5 million, or $0.54 diluted earnings per share, compared to $678.9 million, or $0.84 diluted earnings per share in 2014.
Consumer Sentiment Up 3.2% in October, says Survey of Consumers
Ann Arbor, October 30, 2015—Consumer sentiment rose 3.2% in October to 90.0, according to final results from the University of Michigan’s Survey of Consumers.
Personal Income & Spending Up Slightly in September
Washington, DC, October 30, 2015—Personal income increased $18.6 billion, or 0.1%, and disposable personal income increased $19.2 billion, or 0.1%, in September, according to the Bureau of Economic Analysis.
U.S. Compensation Costs Rose in Quarter Three
Washington, DC, October 30, 2015—Compensation costs for civilian workers increased 0.6%, for the 3-month period ending in September 2015, the U.S. Bureau of Labor Statistics has reported.
Interface Increases Sales & Gross Profit in Third Quarter
La Grange, GA, October 29, 2015—Interface reported third quarter 2015 sales of $254.7 million, up 1%, and earnings per share of $0.31, compared to sales of $252.2 in third quarter 2014.
Dixie Group Increases Earnings on Flat Revenue in Q3 2015
Chattanooga, TN, October 29, 2015—For the third quarter 2015, Dixie Group, Inc. has reported sales of $108,908,000 and income from continuing operations of $84,000, or $0.01 per diluted share.
BASF Increasing Price of Styrene-Butadiene Latex Polymers
Charlotte, NC, October 29, 2015—Effective December 1, or as contracts allow, BASF will increase prices for styrene-butadiene latex polymers sold in North America.
GDP Up 1.5% in Third Quarter, According to BEA Advance Estimate
Washington, DC, October 29, 2015—Real gross domestic product increased at an annual rate of 1.5% in the third quarter of 2015, according to the advance estimate released by the Bureau of Economic Analysis.
Pending Home Sales Decline for Second Straight Month, But Up 3% YOY
Washington, DC, October 29, 2015—Pending home sales cooled in September for the second straight month and to their second lowest index reading in 2015, according to the National Association of Realtors.
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