Armstrong Flooring (AFI) Misses Q3 EPS by 6c, Beats on Revenues; Confirms FY17 Adj. EBITDA Outlook

Armstrong Flooring (NYSE: AFI) reported Q3 EPS of $0.20, $0.06 worse than the analyst estimate of $0.26. Revenue for the quarter came in at $308 million versus the consensus estimate of $297.62 million.

Full Year 2017 Outlook

For the full year 2017 the Company continues to expect adjusted EBITDA to be in the range of $60 million to $70 million. The Company expects capital expenditures to be in the range of $40 million to $45 million, as compared to a prior approximation of $45 million

Highlights

• Net Sales of $308.5 Million
• Net Loss of $18.7 Million
• Adjusted EBITDA of $25.5 Million and Adjusted Net Income of $5.3 Million
• Repurchased $25.6 Million of Stock Under Share Repurchase Program
• Completed Previously-Announced Closing of Two Wood Flooring Manufacturing Facilities in October
• Expanded Production of Luxury Vinyl Tile to a Repurposed Existing Resilient Sheet Plant in October
• Confirms Adjusted EBITDA Outlook for Full Year 2017

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

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