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.

Dixie Group’s 4Q Earnings Slide

Chattanooga, TN, March 02, 2006--The Dixie Group reported income from continuing operations for the fourth quarter of $3.3 million, or $0.25 per diluted share, compared with $5.0 million, or $0.40 per diluted share, for the prior-year period.

Construction Outlays Up 0.2%

Washington, DC, March 1, 2006--Spending on construction projects increased a lower-than-expected 0.2% in January, the Commerce Department said Wednesday.

Mohawk to Acquire Propex Plant

Calhoun, GA, March 1--Mohawk Industries, Inc., agreed to purchase one plant located in Roanoke, Alabama, that produces secondary carpet backing from Propex Fabrics Inc. The new plant employs approximately 470 individuals.

4Q GDP Revised Up to 1.6%

Washington, DC, February 28, 2006-- The economy grew at a 1.6% annual pace in the fourth quarter, a bit faster than previously thought, while core inflation was a touch lower, according to the Commerce Department.

January Existing-Home Sales Off 2.5%

Washington, DC, February 28, 2006--Sales of existing homes, including single-family, townhomes, condominiums and co-ops, declined 2.8 percent to a seasonally adjusted annual rate1 of 6.56 million units in January.

Surfaces 2006 Sets New Attendance Record

Dallas, TX, February 27, 2006--Hanley Wood has said that Surfaces 2006 was a record setter. The company said that 40,588 retailers, manufacturers, distributors, architects, designers, builders and installers.

Armstrong Narrows Operating Loss in 4Q

Lancaster, PA, February 24, 2006--Armstrong Holdings, Inc., today reported an operating loss of $10.1 million for the fourth quarter of 2005 compared to an operating loss of $134.8 million in the fourth quarter of 2004.

Interface Posts 4Q Profit

Atlanta, GA, February 22, 2006—Interface in the fourth quarter of 2005, after charges, reported net income of $5.7 million, or $0.11 per diluted share, compared with a net loss in the fourth quarter of 2004 of $4.4 million, or $0.08 per diluted share.