Armstrong Flooring (AFI) Misses Q2 EPS by 17c, Miss on Revenues; Lowers FY Adj. EBITDA Outlook

Armstrong Flooring (NYSE: AFI) reported Q2 EPS of $0.26, $0.17 worse than the analyst estimate of $0.43. Revenue for the quarter came in at $297.3 million versus the consensus estimate of $324.02 million.

Full Year 2017 Outlook

Based on first half results and current market conditions, for the full year 2017 the Company now expects adjusted EBITDA to be in the range of $60 million to $70 million, as compared to a prior range of $75 million to $85 million. The Company expects capital expenditures to be approximately $45 million. The Mannington VCT acquisition is not expected to have any material impact to adjusted EBITDA for the full year 2017 and remains on track to be accretive to earnings in 2018.

For earnings history and earnings-related data on Armstrong Flooring (AFI) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Diana Shipping withdraws bid to acquire Genco Shipping
• Vivos Therapeutics posts 35% revenue gain but widens net loss