Construction Spending Off 0.3%
Washington, DC, November 1, 2006--Spending construction projects fell 0.3% in September, led by drops in spending on private residential construction and federal building projects, the government said Wednesday.
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.
Study: Market Pressures Spell Aggressive Retooling
Columbus, OH, November 1, 2006--As 2010 approaches, Home Depot is on the cusp of a three-decade growth path that has fundamentally reshaped the home improvement industry.
Interface Announces Plans for Stock Offering
Atlanta GA, October 30, 2006--Interface, Inc. said today that it plans to sell 5,000,000 shares of its Class A common stock in an underwritten public offering.
Armstrong 3Q Earnings Off
Lancaster, PA, October 30, 2006--Armstrong World Industries reported third quarter net earnings of $39.2 million, down from $46.1 million in the year-ago period.
New Director Leaves Armstrong Board
Lancaster, PA, October 27, 2006--A director of the recently reorganized Armstrong World Industries has resigned from the company's board after only three weeks of service, according to a filing with the Securities & Exchange Commission.
New Home Sales Up in September
Washington, DC, October 26, 2006--Sales of new homes in September unexpectedly rose 5.3% to a seasonally adjusted annual rate of 1.075 million, according to the Commerce Department.
Shaw Closing Alabama Yarn Plant
Scottsboro, AL, October 26, 2006--The Grace Plant, which is part of Shaw Industry’s operations at Stevenson, will close, according to Julius Shaw, executive vice president of the company.
Mohawk 3Q Earnings Up 10%
Calhoun, GA, October 26, 2006--Mohawk Industries in the third quarter reported net earnings of $127.7 million and earnings per share (EPS) of $1.88, both of which were up 10% above last year.
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Pergo Posts 3Q Loss
Trelleborg, Sweden, October 25, 2006--Pergo in the third quarter reported a loss of SEK -47 million, (US$6.4M) vs. profit of SEK 18 million, (US$2.5M) on sales of SEK 683 million, (US$93.3M), vs. SEK 769 million, (US$105.1M).