Armstrong To Split Into Two Separate Companies
Lancaster, PA, Feb. 23, 2015 -- Armstrong World Industries said it plans to split the company into two separate publicly-traded businesses, one focusing on flooring and the other on ceilings.
Today's Flooring News
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Armstrong Reports Lower Income, Sales in Q4
Lancaster, PA, Feb. 23, 2015 -- Armstrong World Industries reported fourth quarter net income of $10.6 million, a decrease of 54% from $23.4 million in net income in the fourth quarter of 2013.
Existing Home Sales Fall in January
Washington, DC, Feb. 23, 2015 -- Home resales in January fell 4.9% to an annual rate of 4.82 million units, according to the National Association of Realtors.
Mortgage Credit Availability Improves in January
Washington, DC, Feb. 23, 2015 -- Mortgage credit availability increased in January, according to the Mortgage Bankers Association.
Mohawk Reports Highest Adjusted Q4 Earnings Ever
Calhoun, GA, Feb. 20, 2015 -- Mohawk Industries reported fourth quarter net earnings of $147 million and earnings per share of $2.00 on net sales of $1.95 billion.
Home Rental Prices Increase in January
New York, NY, Feb. 20, 2015 -- Home rental prices continued to rise in January across the country, although they remained flat in some areas of the Midwest and Mid-Atlantic, real estate data firm Zillow said.
NWFA Trade Show Floor Sells Out
St. Louis, MO, Feb. 20, 2015 -- With 10 weeks to go until its 2015 Wood Flooring Expo in April, the National Wood Flooring Association said the trade show floor has sold out, with 462 booths registered to 257 companies.
Propex Backing on Carpet in Domotex Innovations Area
Chattanooga, TN, Feb. 20, 2015 -- Propex said that its backing on carpet made by Edel Tapijt was selected for the innovative products area at Domotex.
Low Downpayment Mortgage Fails to Lure Buyers
Irvine, CA, Feb. 19, 2015 -- The 3% downpayment mortgage wasn't very popular last year, according to real estate tracking firm RealtyTrac.
Interface Reports Higher Income, Sales in Quarter
Atlanta, GA, Feb. 19, 2015 -- Interface, Inc. reported fourth quarter net income of $15.8 million, or $0.24 per share, compared to net income of $13.0 million, or $0.20 per share, a year ago.