Armstrong Flooring (AFI) Misses Q1 EPS by 34c, Revenues Miss; Updates FY19 Adj. EBITDA Outlook, Authorizes New $50M Share Buyback

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Go back to Armstrong Flooring (AFI) Misses Q1 EPS by 34c, Revenues Miss; Updates FY19 Adj. EBITDA Outlook, Authorizes New $50M Share Buyback

Armstrong Flooring (AFI) Announces Board Chairman Larry McWilliams as Interim CEO

May 3, 2019 7:05 AM EDT

Armstrong Flooring, Inc., (NYSE: AFI) today announced that its board of directors and Donald R. Maier, President and Chief Executive Officer, have mutually agreed that Mr. Maier would step down as CEO, effective immediately. Armstrong Flooring Chair Larry S. McWilliams has been elected Chief Executive Officer on an interim basis. He will focus on the companys near-term strategic priorities and facilitate Armstrong Floorings management transition while the company seeks a permanent CEO.

Armstrong Flooring also announced today its first quarter 2019 financial results, revised 2019 guidance and an increase in the size of... More