Armstrong World Industries, In (AWI)

Armstrong World Industries, Inc. designs, manufactures, and sells flooring products and ceiling systems in the Americas, Europe, and the Pacific Rim. It operates in four segments: Resilient Flooring, Wood Flooring, Building Products, and Cabinets. The Resilient Flooring segment produces vinyl sheet, vinyl tile, and linoleum flooring, as well as sources and sells laminate flooring products, ceramic tile products, adhesives, installation and maintenance materials, and accessories for homes and commercial and institutional buildings. This segment sells its products to wholesalers, large home centers, retailers, and contractors, as well as to the manufactured homes industry. The Wood Flooring segment offers pre-finished solid and engineered wood floors, and related accessories for use in new residential construction and renovation with various commercial applications in stores, restaurants, and high-end offices. This segment sells its products to independent wholesale flooring distributors and large home centers. The Building Products segment produces suspended mineral fiber, soft fiber, and metal ceiling systems, as well as complementary ceiling products for use in commercial, institutional, and residential settings. It sells its commercial ceiling materials and accessories to ceiling systems contractors and resale distributors, as well as residential ceiling products to wholesalers and retailers. The Cabinets segment offers kitchen and bathroom cabinetry, and related products that are used in the residential new construction and renovation markets. It provides design, fabrication, and installation services to single and multi-family homebuilders, remodelers, and consumers through company-owned and independent distribution centers, and direct sales to builders. The company was incorporated in 1891 and is headquartered in Lancaster, Pennsylvania.

For the nine months ended 30 September 2006, Armstrong World Industries, Inc.'s revenues increased 4% to $2.8B. Net income rose 77% to $107.4M. Revenues reflect increased sales from Building Product, Wood Flooring, Textile & Sports Flooring and Cabinets segment. Net income also reflects decreased selling, general & administrative costs, lower restructuring charges, a decrease in interest expenses and higher equity earnings from joint ventures.