Results of Congoleum Corp.’s financial results for the third quarter ended September 30, 2000 are now in. Sales for the three months ended September 30, 2000 were $61.0 million, compared with sales of $62.5 million reported in the third quarter of 1999, a decrease of 2.4%

Mercerville, N.J.-- (Business Wire)-- Results of Congoleum Corp.’s financial results for the third quarter ended September 30, 2000 are now in.

Sales for the three months ended September 30, 2000 were $61.0 million, compared with sales of $62.5 million reported in the third quarter of 1999, a decrease of 2.4%. Net income for the quarter ended September 30, 2000 was $1.7 million, or $.21 per share, compared with net income of $1.5 million, or $.17 per share in the third quarter of 1999.

Sales for the nine months ended September 30, 2000 were $173.1 million, compared with sales of $192.2 million for the first nine months of 1999, a decrease of 9.9%. Net loss for the first nine months of 2000 was $2.4 million, or $.29 per share, compared with net income of $3.4 million, or $.39 per share for the first nine months of 1999.