Armstrong Flooring (Lancaster, Pa.) had profits of $5.7 million in the second quarter of 2016, a 33.8 percent year-over-year decrease the company attributed to import duty rates.
"The decline primarily reflected the higher impact of new duty rates versus the prior year," the company's financial statement reported. The duty rates, which totaled an expense of $1.9 million, affected the company's imports of engineered wood flooring from China.
Armstrong's wood flooring segment reported an operating loss of $1.6 million, compared with a loss of $0.2 million in the second quarter of 2015.
Net sales for the wood flooring segment in the second quarter of 2016 totaled $129.0 million, a 1.8 percent increase year-over-year.
Sales of resilient floor coverings totaled $194.7 million in the second quarter of 2016, a 2.6 percent decline year-over-year.
Article updated Aug. 16 to clarify the sales of resilient floor coverings.
