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Armstrong World Industries Inc

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  • Armstrong World's floorings business recorded sales of $1.26 billion in 2014, or about 49 percent of total revenue. Armstrong World also reported smaller-than-expected fourth-quarter revenue, hurt by lower sales in the Americas as well as a stronger dollar. Armstrong World exited its European flooring business in December due to cooling housing demand...

  • Feb 23- Construction materials maker Armstrong World Industries Inc said it would spin off its flooring business to concentrate on its ceilings unit. "There is little existing overlap between the businesses, and we expect the separation to create minimal incremental operating expenses," Chief Executive Matthew Espe said in a statement.

  • The uncertainty bodes especially ill for Masonite International Corp, Armstrong World Industries Inc, Mohawk Industries Inc and Masco Corp, which get nearly a fifth of their revenues from Europe. Fortune Brands Home& Security Inc, Norcraft Cos Inc and PGT Inc have relatively lower exposure to Europe, where new home sales this year have slowed in major markets,...

  • Garlock, a unit of EnPro Industries, filed for bankruptcy in 2010 in Charlotte, North Carolina, in the face of the mounting cost of asbestos lawsuits. Golini allegedly told Philadelphia- based Shein he was exposed to 14 asbestos products made by bankrupt companies including Owens Corning and Armstrong World Industries. After Garlock settled with Golini, Shein...

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  • Armstrong World CEO on Growth in Remodeling   Thursday, 5 Apr 2012 | 5:36 PM ET
    Armstrong World CEO on Growth in Remodeling

    Matthew Espe, Armstrong World Industries CEO, discusses the growth in remodeling for both commercial and residential construction, and a look at the slowly improving housing market.