Armstrong Earnings Surge, Sales Up Modestly
Lancaster, PA, Aug. 1, 2011 -- Armstrong World Industries reported that net income in the second quarter rose 41% over a year ago although net sales increased just 3%.
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.
Manufacturing Expands for 24th Straight Month
Tempe, AZ, Aug. 1, 2011 -- Economic activity in the manufacturing sector expanded in July for the 24th consecutive month, according to the latest Manufacturing ISM Report.
Domotex Middle East To Focus on 'Green'
Dubai, UAE, Aug. 1, 2011 -- Domotex Middle East Sept. 12-14 will focus this year on environmentally friendly products.
Colorado Flooring Company Learns Value of Web
Denver, CO, Aug. 1, 2011 -- Arvada West Decorating and Flooring in Arvada, Colo. has learned quickly the value of a website and social media.
GDP Expands in Q2, But Q1 Revised Lower
Washington, DC, July 29, 2011 -- Gross domestic product expanded at a 1.3% annual rate in the second quarter, the Commerce Department said Friday, below the 1.6% growth rate that economists anticipated.
Uncertainty in Washington Pushes Oil Lower
New York, NY, July 29, 2011 -- Oil prices dipped below $97 a barrel Friday over uncertainty about the outcome of debt ceiling negotiations in Washington.
Chicago Manufacturing Continues To Grow
Chicago, IL, July 29, 2011 -- The Chicago Purchasing Managers Index slowed to a reading of 58.8 in July from 61.1 in June, indicating that the pace of growth in manufacturing is slowing.
Consumer Sentiment Falls in July
Ann Arbor, MI, July 29, 2011 -- The Reuters/University of Michigan Consumer Sentiment Index dropped to 63.7 in July from 71.5 points in June.
Brintons Considering Sale to Private Equity Firm
London, England, July 29, 2011 -- Brintons Carpets may be sold to a private equity firm, according to the BBC.
Analyst Revises 2011 Estimate for Interface
New York, NY, July 29, 2011 -- Flooring industry analyst Stifel Nicolaus is maintaining its earnings and revenue estimates for Interface Inc. for 2012 but has adjusted its earnings number down slightly for the remainder of this year.