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04.29.04

ARMSTRONG CEILINGS REPORTS 11.8% EBIT/SALES IN Q1

Mission Viejo, CA - Within Armstrong Holdings, Inc. quarterly results announcement it was reported that their Building Products, Ceilings, business had operating income of $27.2 million on $230 million in sales (11.8% EBIT/sales ratio). Armstrong's 53% increase in operating profit from the same previous year quarter, compared to USG's recent 88% increase in operating profit and 9% EBIT/sales ratio.

Full details of Armstrong's first quarter 2004 results announcement can be found at www.armstrong.com.

The Drake Group LLC is pleased to welcome the following new Preferred Vendors: MBA, Polytak, Glasteel, Rectorseal (purchased Flamesafe from W R Grace) and Nu-Wave manufacturing (formerly Perry Manufacturing).

The Steel Stud Manufacturers Association (SSMA) has developed a Code Compliance Certification Program for member manufacturers to certify that structural cold-formed steel framing complies with IBC 2006 code requirements.  Click on the link for more info and a list of Certified Manufacturing Facilities.
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