Armstrong World Industries posts $2.35 million June operating profit

By Caroline Salls

Pittsburgh, July 31 - Armstrong World Industries, Inc. reported a $2.35 million operating profit for June on $137.72 million in net sales, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

The figures compare to a $19.2 million operating profit for May on $133.29 million in net sales.

The net loss for June was $1.3 million, down from an $11.74 million May net income.

Cash and cash equivalents on June 30 were $282.8 million, compared with $261.62 million at the end of May.

Armstrong, a Lancaster, Pa.-based flooring company, filed for bankruptcy on Dec. 6, 2000. Its Chapter 11 case number is 00-04471.

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