Armstrong World Industries' (Lancaster, Pa.) wood flooring net sales fell 14 percent as the company's overall net income also fell in the third quarter of 2010. The company reported wood flooring net sales of $119.8 million in the third quarter, compared to $140.1 million in the prior year's quarter; this segment had a reported operating loss of $13.3 million in the third quarter, compared to income of $11.2 million in the third quarter of 2009. Armstrong posted third quarter net income of $24.6 million, or $0.42 per diluted share. This compared to net income of $64.4 million, or $1.12 per diluted share, in the third quarter of 2009. Armstrong's full third quarter results can be viewed here.
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