Flooring and Construction Industry News

Armstrong World Industries, Inc. Press Releases

• Armstrong World Industries Reports Fourth Quarter 2009 Results
  LANCASTER, Pa., March 1, 2010 /PRNewswire via COMTEX/ -- Armstrong World Industries, Inc. (NYSE: AWI) today reported fourth quarter 2009 net sales of $653.0 million, down 8 percent, from $708.4 million in the same period for 2008. Excluding a $15 million, or 2 percent, impact of foreign exchange rates, sales decreased 10 percent. Reported operating loss from continuing operations of $1.6 million compared to operating loss of $6.5 million in the fourth quarter of 2008. Adjusted operating income from continuing operations of $25.6 million increased 16 percent compared to $22.0 million on the same basis. The Company uses adjusted income from operations in managing the business and believes t...
  
• Armstrong World Industries to Report Fourth-Quarter 2009 Results March 1
  LANCASTER, Pa., Feb 15, 2010 /PRNewswire via COMTEX/ -- Armstrong World Industries, Inc. (NYSE: AWI) will report its fourth-quarter 2009 results and will webcast a conference call for investors on Monday, March 1, at 1 p.m. Eastern Time. The conference call and accompanying slide presentation will be available on the Investor Relations page of www.armstrong.com. To participate by telephone, please dial: (800) 659-2032 (U.S./Canada) (617) 614-2712 (International) Participant Passcode: 48631782 News media may listen only. A replay of the conference call will be available until March 17 by dialing (888) 286-8010 (U.S./Canada) or (617) 801-6888 (Int'l/Loc...
  
• Armstrong World Industries Announces Management Change
  LANCASTER, Pa., Feb 12, 2010 /PRNewswire via COMTEX/ -- Armstrong World Industries, Inc. ("Armstrong") (NYSE: AWI) announced today that Michael D. Lockhart will be stepping down as the Company's chief executive and president, and as chairman of the board and a director, effective February 28, 2010. The Board has elected James J. O'Connor, currently the Company's lead independent director, as chairman. Mr. O'Connor will head a search committee to identify and evaluate candidates for the CEO position. The Board expects to name an interim president in the near future. The Board of Directors said in a statement: "Armstrong has accomplished a great deal since Mike became CEO in 2000. Und...
  
• Armstrong World Industries Appoints Thomas B. Mangas CFO
  LANCASTER, Pa., Jan 08, 2010 /PRNewswire via COMTEX/ -- Armstrong World Industries, Inc. (NYSE: AWI) today announced that Thomas B. Mangas was named Senior Vice President and Chief Financial Officer effective February 1, 2010. "We are excited to have Tom working with us," said Chairman and CEO, Michael D. Lockhart. "We are pleased to have an executive of Tom's caliber from a world-class company like Procter & Gamble join Armstrong at this exciting time in Armstrong's history. His background and expertise will be important aids to realizing our significant sales growth and margin expansion objectives over the next several years. We all owe Bill Rodruan hearty thanks for his invaluable ...
  
• Armstrong World Industries Announces Management Change
  LANCASTER, Pa., Nov. 10 /PRNewswire-FirstCall/ -- Armstrong World Industries, Inc. (NYSE: AWI) today announced that F. Nicholas Grasberger, executive vice president -- Armstrong Building Products (ABP), will be leaving the Company after a very productive five-year period. "During his tenure, Nick was instrumental in the Company's emergence from bankruptcy, including leading the Company's recapitalization. He also played a leadership role through the Company's twelve-month review of strategic alternatives," said Chairman and CEO Michael D. Lockhart. "We have benefited from his leadership and wish him continued success." Effective immediately, David Cookson, senior vice president -- ABP...