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. Net sales fell from $614.8 million in 2013 to $587.3 million.

Resilient flooring sales were essentially flat at $162.8 million, compared to $161.7 in 2013.

Wood flooring sales fell 14.7% to $113.6 million from $133.1 million.

"We anticipate improving market conditions in the U.S. will support modest sales growth despite some anticipated pressure from foreign exchange in our international operations," said chief financial officer Dave Schulz.

"While earnings are expected to be lower than 2014, the investments we are making will position our businesses to succeed as two independent industry-leading public companies and benefit 2016 and beyond."