Armstrong reports $1.31 million operating loss for June

New York, Aug. 1 - Armstrong World Industries Inc. reported a $1.31 million operating loss for June on sales of $137.19 million, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

The loss narrowed from $9.12 million in May while sales improved from $124.38 million.

June's net income was $47.37 million compared to a $6.96 million loss in May. Much of the change in performance was due to a $50 million cash dividend paid to Armstrong World Industries by its subsidiary, Armstrong World Industries Licensing Co.

Cash and equivalents at 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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