Armstrong World Industries' second quarter results show that the company's profit for the second quarter was $21 million, a 31.4 percent drop from the same quarter in 2013.
Sales saw a slight increase of 0.5 percent. Operating income decreased 14.5 percent and diluted earnings per share dropped 25.5 percent versus the same period last year.
Armstrong said manufacturing and input costs increased, driven by rising lumber costs and the margin impact of lower volumes. The company's second quarter results, it said, were also impacted by approximately $8 million for severance and other charges associated with its decision to close two manufacturing plants abroad.
The company's wood flooring division had net sales of $139.4 in the second quarter in 2014, but operating income showed a loss of $5.1 million. In the second quarter of 2013, net sales were $138.2 million and operating income was at $2.5 million.
