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.

Supreme Court Hears Mohawk/RICO Case

Washington, DC, April 27, 2006--Listening yesterday to early arguments in a case that could profoundly affect illegal immigration as well as corporate legal accountability, the U.S. Supreme Court began weighing the Mohawk Industries case.

Wellman Reports 4Q Loss

Fort Mill, SC, April 26, 2006--Wellman Inc., a maker of polyester fiber and products, said on Tuesday it incurred a quarterly loss amid a surge in resin and polyester imports.

Pergo’s Q1 Earnings Up

Trelleborg, Sweden, April 26, 2006--Pergo in the first quarter of 2006 reported net sales that increased by 8% to SEK 768 million (US$102.5m), verses SEK 713 million (US$94.9m).

Weyerhaeuser Posts 1Q Loss

Federal Way, WA, April 26, 2006--Weyerhaeuser Co., posted a first-quarter loss versus a year-earlier profit after a charge related to the fine paper business.

Campbell Elected FCICA Chair

Keith Cambell, chairman of Mannington Mills, is the newly elected chairman of the Floor Coverng Industry Foundation (FCIF). He had been its secretary-treasurer.

Louisiana-Pacific 1Q Earnings Off, Beat Estimates

Nashville, TN, April 26, 2006--Louisiana-Pacific Corp., net earnings for the first quarter that were off 18 percent to $83.7 million, or $0.79 per share, from $101.7 million, or $0.91 per share, posted a year earlier.

Durable Goods Orders Up 6.1%

Washington, DC, April 26, 2006--Orders for durable goods increased 6.1% in March, led by strong demand for airplanes, machinery and electronics, according to a Commerce Department report.

Interface Reports 1Q Results

Atlanta, GA, April 26, 2006--Interface, Inc., today announced results for the first quarter ended April 2, 2006. Sales in the 2006 first quarter rose 6.8% to $250.6 million from $234.7 million in the year ago period.

New Home Sales Jump 13.8%

Washington, DC, April 26, 2006--New home sales unexpected increased by 13.8% in March to a seasonally adjusted annual rate of 1.213 million, the highest level of the year, according to a Commerce Department report.