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ARMSTRONG WORLD INDUSTRIES ISSUES STATEMENT

 ARMSTRONG WORLD INDUSTRIES ISSUES STATEMENT
 LANCASTER, Pa., Jan. 10 /PRNewswire/ -- Armstrong World Industries,


Inc. (NYSE: ACK), as a follow-up to its Nov. 27 announcement that its fourth-quarter 1991 net earnings would be lower than analysts' expectations, today issued another statement about unusual charges to be applied to the company's results at year-end.
 The unusual charges will amount to an estimated $16 million or about 43 cents per share of common stock, roughly half of which pertains to accruals for losses from the discontinuation of three non-core businesses. Other significant unusual items include restructuring charges (such as severance payments and special retirement incentives) and a higher effective tax rate arising from the company's inability to use its foreign tax credits because of the anticipated fourth-quarter loss in the United States.
 Although the figures are not yet final, a spokesman said, with the inclusion of the unusual charges the company will be reporting a significant loss for the fourth quarter 1991 in net earnings and earnings per share.
 "As anticipated, December was a disappointing month, causing sales for the fourth quarter to decline slightly below year-earlier levels," he added.
 The spokesman repeated the earlier statement that the company's financial condition remains sound and said that Armstrong will be reporting its fourth-quarter and full-year 1991 results on Jan. 27.
 -0- 1/10/92
 /CONTACT: Armstrong Public Relations, 717-396-3313/
 (ACK) CO: Armstrong World Industries, Inc. ST: Pennsylvania IN: SU: ERP


CC-MK -- PH028 -- 8805 01/10/92 17:32 EST
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Date:Jan 10, 1992
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