Armstrong World Industries, Inc., reported an adjusted EBITDA of $51 million, up 9 per cent over the 2010 period. Fourth quarter operating income is reported to be of 21.6 million, up more than $50 million over the 2010 period. Net sales increased approximately $9 million compared to last year. Sales increased 1 per cent compared to last year while volume decrease was offset by price. Volumes decreased in Worldwide Resilient Flooring, European Building Products and Cabinets, while volumes grew in Wood Flooring and Building Products Asia. Operating income and net income both increased due to cost reduction actions, which resulted in lower SG&A expenses and manufacturing costs when compared to the same period last year.
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