Market Overview

Armstrong Flooring: Q1 Earnings Insights

Share:

Shares of Armstrong Flooring (NYSE:AFI) were unchanged in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share decreased 18.37% year over year to ($0.58), which beat the estimate of ($0.82).

Revenue of $138,700,000 less by 2.12% from the same period last year, which beat the estimate of $132,650,000.

Outlook

Armstrong Flooring hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Technicals

52-week high: $13.25

52-week low: $1.12

Price action over last quarter: down 8.76%

Company Profile

Armstrong Flooring Inc designs, manufactures, sources, and sells resilient and wood flooring products, which are primarily used for construction and renovation of residential, commercial, and institutional buildings. It operates through two segments namely Resilient Flooring and Wood Flooring. The Resilient Flooring provides a range of floor coverings primarily for homes and commercial buildings under the Armstrong brand and the Wood Flooring segment provides hardwood flooring products under the Armstrong and Bruce brand names. Geographically, the group operates its business in the United States and also has its presence internationally, of which a majority of the revenue is derived from the United States.

 

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