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Armstrong Flooring Inc (AFI.N)

AFI.N on New York Stock Exchange

14.18USD
10 Dec 2018
Change (% chg)

$-0.18 (-1.25%)
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Latest Key Developments (Source: Significant Developments)

Armstrong Flooring To Sell Its Wood Flooring Segment And Cost Optimization Plan
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - Armstrong Flooring Inc ::ARMSTRONG FLOORING ANNOUNCES AGREEMENT TO SELL ITS WOOD FLOORING SEGMENT AND COST OPTIMIZATION PLAN.ARMSTRONG FLOORING INC - SALE PRICE OF $100 MILLION VALUED AT APPROXIMATELY 7.2 TIMES WOOD FLOORING SEGMENT'S TRAILING TWELVE MONTH ADJUSTED EBITDA.ARMSTRONG FLOORING INC - COST OPTIMIZATION PLAN TO SIMPLIFY OPERATIONS FOLLOWING DIVESTITURE.ARMSTRONG FLOORING INC - DIVESTITURE AND COST OPTIMIZATION PLAN IMMEDIATELY ACCRETIVE TO ADJUSTED EBITDA MARGIN FROM CONTINUING OPERATIONS.ARMSTRONG FLOORING INC - NET PROCEEDS TO COMPANY FROM TRANSACTION AFTER PURCHASE PRICE ADJUSTMENTS ARE NON-TAXABLE AND EXPECTED TO BE $85 TO $90 MILLION.ARMSTRONG FLOORING INC - EXPECTS EFFORTS TO GENERATE ANNUALIZED SAVINGS OF ABOUT $5 MILLION TO $6 MILLION, TO BE SUBSTANTIALLY COMPLETED BY END OF Q4.ARMSTRONG FLOORING INC - EXPECTS TO INCUR ONE-TIME CHARGES OF $1 MILLION TO $2 MILLION IN Q4.  Full Article

Armstrong Flooring reports Q3 loss per share $0.70
Monday, 6 Nov 2017 

Nov 6 (Reuters) - Armstrong Flooring Inc :Armstrong Flooring Inc reports third quarter 2017 results.Q3 adjusted earnings per share $0.20.Q3 loss per share $0.70.Q3 sales $308.5 million versus I/B/E/S view $297.6 million.Q3 earnings per share view $0.26 -- Thomson Reuters I/B/E/S.Armstrong Flooring Inc - ‍confirms adjusted EBITDA outlook for full year 2017​.Armstrong Flooring Inc - ‍expects full year 2017 capital expenditures to be in range of $40 million to $45 million​.  Full Article