Armstrong Flooring (AFI) Misses Q1 EPS by 1c

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Go back to Armstrong Flooring (AFI) Misses Q1 EPS by 1c

Armstrong Flooring Reports First Quarter 2017 Results

May 8, 2017 7:00 AM EDT

- Net Loss of ($7.8) Million

- Adjusted EBITDA of $8.9 Million

- Repurchased $4.9 Million of Stock Under New $50 Million Share Repurchase Program

- Announces Definitive Asset Purchase Agreement for the Vinyl Composition Tile (VCT) Business of Mannington Mills

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 first quarter ended March 31, 2017.

Don Maier, Chief Executive Officer, commented: First quarter 2017 results were below prior year as expected as net sales... More