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.
Wilkesboro, NC, Feb. 24--Lowe's had net earnings of $319.4 million for the quarter ended January 31, a 46.2% increase over the same period a year ago. Diluted earnings per share increased 42.9% to $0.40 from $0.28 in the fourth quarter of fiscal 2001.
Chattanooga, TN, Feb. 20--The Dixie Group had income from continuing operations of $2.3 million, or $0.20 per diluted share, for the fourth quarter ended December 28. Results for the quarter included an income tax benefit of $423,000, or $.04 per diluted
Wilmington, DE, Feb. 18—DuPont Textiles & Interiors will raise prices for its commercial and residential carpet fibers as of March. The decision is a result of several key factors, among them an escalation in raw material and energy costs, as well as comp
Trelleborg, Sweden, Feb. 18—Pergo's annual meeting will be held on April 22, instead of May 8 as announced previously.
Washington, DC, Feb. 19--Construction of new homes and apartments rose in January to the highest level in 16 years as low mortgage rates continued to power a housing boom, according to the Commerce Department.
Eglisau, Switzerland, Feb. 18—Forbo has sold its subsidiary Forbo Repoxit AG, of Winterthur, Switzerland. Repoxit was acquired by the management of the company. The takeover was effective January 1.
Salem, NJ, Feb. 21--Mannington Mills has made an exclusive, multi-year agreement with DuPont Fluoroproducts in which Mannington will market newly developed coatings for resilient, laminate and wood flooring products using the DuPont Teflon brand.
Trelleborg, Sweden, Feb. 20— The merger between Pergo and Witex is conditional upon approval from antitrust authorities in Germany and Sweden.
St. Louis, MO, Feb. 21--Solutia will increase its prices on nylon carpet fibers for both the residential and commercial carpet market segments. An increase of up to 13% will be effective March 3 for residential carpet fibers, and April 1 for commercial ca
Bentonville, AK, Feb. 18--Wal-Mart Stores' fourth quarter earnings were up 16.3%, beating analysts expectations. In the quarter the company posted earnings of $2.53 billion, or $0.57 per share, compared to $2.19 billion, or $0.49 per share, a year ea