Armstrong World Industries posts $1.31 million June operating profit

By Caroline Salls

Pittsburgh, July 28 - Armstrong World Industries Inc. reported a $1.31 million operating profit for June on sales of $137.19 million, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

The figures compare to a May operating loss of $9.12 million on sales of $124.38 million.

The net income for June was $29.82 million, compared to a May net loss of $6.96 million.

Cash and cash equivalents on June 30 were $283.01 million, up from $234.95 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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