Armstrong Flooring (AFI) Tops Q2 EPS by 10c; Reaffirms

Armstrong Flooring (NYSE: AFI) reported Q2 EPS of $0.40, $0.10 better than the analyst estimate of $0.30. Revenue for the quarter came in at $306 million versus the consensus estimate of $297.37 million.

GUIDANCE:

For the full year 2018, the Company continues to expect adjusted EBITDA to be in the range of $70 million to $80 million. The adjusted EBITDA outlook assumes sales growth in the low single-digits. The Company continues to expect capital expenditures to be in the range of $40 million to $45 million for the full year 2018 while delivering another year of free cash flow in line with recent years.

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

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