Armstrong Flooring (AFI) Misses Q4 EPS by 9c, Plans Organizational Streamlining

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Go back to Armstrong Flooring (AFI) Misses Q4 EPS by 9c, Plans Organizational Streamlining

Armstrong Flooring Reports Fourth Quarter and Full Year 2016 Results

March 6, 2017 7:00 AM EST

- Net Sales Up 0.4%, and Up 0.9% Excluding Impact of Currency for Full Year 2016

- Announces Organizational Realignment and Annualized Cost Savings

- Announces $50 Million Share Repurchase Authorization

- Announces Inventory Accounting Change

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 fourth quarter and full year ended December 31, 2016.

Don Maier, Chief Executive Officer, commented: We made significant progress in driving our innovation-based growth initiatives to... More