ICS Magazine

Congoleum 3Q Results In

November 9, 2000
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.