UPDATE: Armstrong Flooring (AFI) Tops Q4 EPS by 6c, Miss on Revenues; Offers FY18 EBITDA Outlook

(Updated - March 6, 2018 7:05 AM EST)

Note: EPS may not be comparable

Armstrong Flooring (NYSE: AFI) reported Q4 EPS of ($0.12), $0.06 better than the analyst estimate of ($0.18). Revenue for the quarter came in at $262.7 million versus the consensus estimate of $266.7 million.

Full Year 2018 Outlook

For the full year 2018, the Company expects 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, weighted towards the second half of full year 2018. In connection with the strengthened distributor partnerships announced in February 2018 as well as a reduction in corporate overhead, the Company expects to incur one-time charges primarily related to severance of $3 million to $4 million in the first quarter of 2018, which is expected to achieve $10 to $12 million of annualized savings over the next twelve months. The Company expects 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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