Armstrong Earnings Tumble as Housing Struggles

Lancaster, PA, July 30, 2009--Armstrong World Industries Inc. said income from continuing operations was $28.3 million, or $0.50 per share in the second quarter, compared to $52.4 million, or $0.92 per share a year ago.

Adjusted income from continuing operations was $25.8 million, or $0.46 per diluted share, compared to $52.7 million, or $0.92 per diluted share, on the same basis as 2008.reported second quarter 2009 net sales of $705.7 million, down 24 percent, from $926.8 million in the same period for 2008.

Net sales decreased to $705.7 million from $926.8 million.

Armstrong said Volume in global commercial and residential markets continued to fall.

Resilient Flooring net sales were $270.3 million in the second quarter of 2009 compared to $343.9 million a year ago. Excluding the impact of foreign exchange rates, net sales declined about 16 percent.

Wood Flooring net sales of $127.8 million in the second quarter of 2009 declined 24 percent from $168.8 million last year.

Building Products net sales of $268.7 million decreased from $365.2 million.

For the six months ended June 30, 2009, net sales were $1.374 billion compared to $1.755 billion in 2008.