Armstrong Flooring (AFI) Tops Q3 EPS by 5c; Trims FY16 Sales Growth Outlook
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Armstrong Flooring Reports Third Quarter 2016 Results
November 10, 2016 4:30 PM EST- Reports Diluted EPS of $0.29 and Adjusted Diluted EPS1 of $0.39 -
- Net Income of $8.3 Million; Adjusted EBITDA1 Increases 25% to $30.4 Million -
LANCASTER, Pa.--(BUSINESS WIRE)-- Armstrong Flooring, Inc. (NYSE: AFI) (Armstrong Flooring or the Company), North Americas largest producer of resilient and wood flooring products, today reported financial results for the quarter ended September 30, 2016.
Our operational enhancements were evident during the quarter with adjusted EBITDA growth of 25% to $30.4 million and adjusted EBITDA margin of 9.7%, said Don Maier, Chief Executive Officer. We are steadily strengthening our balance sheet... More
