Armstrong falters

Home Channel News, Feb 7, 2000

Publicly traded flooring manufacturer Armstrong World Industries blamed weak European market sales and rising hardwood flooring lumber prices for poorer-than-expected earnings in the fourth quarter of 1999. The Lancaster, Pa.-based supplier also announced a $350 million charge to cover pending and future asbestos-related lawsuits.

COPYRIGHT 2000 Lebhar-Friedman, Inc.
COPYRIGHT 2000 Gale Group

 

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