Cleaning & Restoration Breaking News

Armstrong Holdings 1st-Quarter Net 5 Cents/Share

LANCASTER, Pa. (Dow Jones)--Armstrong Holdings Inc. reported first quarter earnings of $1.9 million, or 5 cents a share, up from a year ago loss of $571.9 million, or $14.12, which included a large accounting charge.

Armstrong World, the main operating unit of Armstrong Holdings, filed for Chapter 11 protection in December 2000 to manage asbestos liabilities from products it manufactured.

In a press release Friday, the company said its latest quarter includes a $6.4 million drop in the U.S. pension credit from last year. The quarter also includes a restructuring charge of $3.2 million to consolidate certain functions in the European Textiles and Sports Flooring and Resilient Flooring segments

The prior year results includes an accounting charge of $593.8 million, along with a $5.3 million benefit from changes in long-term disability benefit policies for certain employees. The results also included a $500,000 restructuring charge in 2002 in the Textiles and Sports Flooring segment.

Did you enjoy this article? Click here to subscribe to i Cleaning Specialist Magazine.

You must login or register in order to post a comment.



Image Galleries

The 2014 Experience Conference and Exhibition

A look in photos at the 2014 Experience Conference and Exhibition, which was held from April 24-26 at the Embassy Suites Convention Center and Spa in Frisco, Texas.


Beginning April 21, Google will start judging websites based on their mobile friendliness. What exactly does this mean to you cleaning website? Find out in the latest edition of The Hitman Advertising Show, which will also cover tips and suggestions on getting mobile compliant.
More Podcasts

ICS Cleaning Specialist Magazine


2015 April

The April ICS issue features content on concrete polishing, green cleaning, air duct cleaning, injection sprayers and new products.

Table Of Contents Subscribe

Janitorial Work

In addition to residential and commercial carpet cleaning, do you do any janitorial work on the side?
View Results Poll Archive


The Carpet Cleaner's Book of Unlimited Success! (ebook)

Don’t worry about the recession or about your competition.  Now you can be the owner of over 400 ways for carpet cleaning professionals to make more money and get more jobs!

More Products


Director_Buyer.jpgThe premier resource and reference guide for the cleaning and restoration industries.

Click here to view


facebook_40.png twitter_40px.png youtube_40px.png


Truckmount.jpgEquipment listings and specifications from the leading industry manufacturers.

Click here to view