WFCA President D. Christopher Davis Dies
Anaheim, CA, Feb. 24, 2012 -- World Floor Covering Association President and CEO D. Christopher Davis died Feb. 22.
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.
Armstrong Reports Fourth Quarter Profit
Lancaster, PA, Feb. 27, 2012 -- Armstrong World Industries reported fourth quarter net income of $8.5 million, compared to a net loss the previous year of $21 million.
Pending Home Sales Near Two-Year High
Washington, DC, Feb. 27, 2012 -- Pending home sales rose 2% in January to the highest level since April 2010, according to the National Association of Realtors.
Lowe's Reports Higher Quarterly Income, Sales
Mooresville, NC, Feb. 27, 2012 -- Lowe's reported net earnings of $322 million for the quarter ended Feb. 3, a 13.0% increase over the same period a year ago.
Buffett Says Housing Still in 'Depression'
Omaha, NE, Feb. 27, 2012 -- Berkshire Hathaway CEO Warren Buffett admitted that his predictions for a housing recovery were premature.
Business Economists Raise 2012 Forecasts
Washington, DC, Feb. 27, 2012 -- Economic forecasters have raised their expectations for employment, home construction and business spending this year, according to the National Association for Business Economics.
Texas Carpet Recycling in Landfill Pilot Program
Ft. Worth, TX, Feb. 27, 2012 -- Texas Carpet Recycling is working with a local landfill on a pilot program to divert carpet.
Valinge Says Sales, Earnings Rose in 2011
Viken, Sweden, Feb. 27, 2012 -- Valinge said that net sales in 2011 were up 20% from the previous year.
Mohawk Reports Higher Sales, Lower Earnings
Calhoun, GA, Feb. 23, 2012 -- Mohawk Industries reported fourth quarter net earnings of $43 million and earnings per share $0.62. In the fourth quarter of 2010, net earnings were $46 million and earnings per share was $0.66.
New Home Sales Fall Slightly
Washington, DC, Feb. 24, 2012 -- New single-family homes sales in the U.S. rose at an annual rate of 321,000 in January, according to the Commerce Department.