Homebuilder Beazer Earnings Off in 2Q
Atlanta, GA, April 28--Beazer Homes USA said Thursday that it swung to a loss in the fiscal second quarter after writing down the value of some underperforming operations.
Today's Flooring News
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.
CarpetsPlus Color Tile Unveils Private Labeled Har
Chattanooga, TN, April 28--CarpetsPlus Color Tile recently unveiled its new hardwood program to attending members at its annual winter convention held in Phoenix, AZ.
Centex 4Q Profit Up 23%
Dallas, TX, April 28--Centex Corp. said fourth-quarter profit surged 23 percent, driven by a greater number of home closings and higher average selling prices.
Louisiana-Pacific Beats 1Q Estimates
Portland, OR, April 28--Louisiana-Pacific said strong housing starts and higher prices for its wood paneling propelled first-quarter earnings above analysts' expectations.
GDP Slows to 3.1% in 1Q
Washington, DC, April 28—-Gross domestic product in the first quarter grew at a 3.1% seasonally adjusted annual rate, according to estimates from the Commerce Department.
Hardwood Flooring Shipments Pulled Down By Housing
Memphis, TN, April 28--Hardwood flooring shipments for March 2005 are reported at 53,617,000 board feet, a significant drop (10.8%) from the shipments reported for the same period a year earlier.
Sport Court International Signs Deal With Asian Fo
Salt Lake City, UT, April 27--Sport Court International, producer of performance sport flooring and outdoor game courts, today announced it has signed a three-year association with the Asian Football Confederation.
Lanxess to Cut up to 1,200 Jobs
Leverkusen, Germany, April 27--Lanxess, the German chemicals company which went public recently, has revealed that it intends to cut up to 1,200 jobs.
CMI's Simply Home Wins ADEX Award
Pawtucket, RI, April 26--cmi (Colonial Mills, Inc.) announced that its simply home rug collection and Center Field design has received Design Journal’s 2004-‘05 ADEX (Awards for Design Excellence) Platinum Award in the Residential Rug - Polypropylene cate
CVC Officially Withdraws EU Notification of Forbo
Brussels, Belgium, April 27--CVC European Equity Partners has withdrawn its notification to the European Commission of its proposed acquisition of Swiss flooring and adhesives manufacturer Forbo Holdings AG.