Floors and ceilings manufacturer Armstrong World Industries reported net sales of $622.3 million in the first quarter ended March 31, down 2.1% from $636.0 million in the same quarter last year.
The Lancaster, Pa.-based company reported net earnings of $3.0 million, down from $18.2 million in last year’s first quarter.
"We delivered first-quarter results in line with the expectations we outlined earlier this year, despite a continued choppy commercial market environment," said Matt Espe, \pPresident and CEO. "We also achieved a significant milestone toward our growth initiatives in China as we commenced operations at our homogenous flooring and ceilings plants. Collectively, I’m proud that construction of these plants was completed with a perfect employee safety record and the plants were brought online as schedu