Armstrong Flooring (AFI) Tops Q3 EPS by 13c; Narrows Outlook

Armstrong Flooring (NYSE: AFI) reported Q3 EPS of $0.46, $0.13 better than the analyst estimate of $0.33. Revenue for the quarter came in at $309.7 million versus the consensus estimate of $313.82 million.

GUIDANCE:

For the full year 2018, the Company now expects adjusted EBITDA to be in the range of $72 million to $78 million. The adjusted EBITDA outlook assumes sales growth in the low single-digits. The Company now expects capital expenditures to be approximately $40 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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