Armstrong Flooring, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 04, 2021 at 08:53 pm
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Armstrong Flooring, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 168.5 million compared to USD 156.6 million a year ago. Net loss was USD 29.7 million compared to USD 11.7 million a year ago. Basic loss per share from continuing operations was USD 1.34 compared to USD 0.53 a year ago. Diluted loss per share from continuing operations was USD 1.34 compared to USD 0.53 a year ago.
For the nine months, sales was USD 485.5 million compared to USD 440.9 million a year ago. Net loss was USD 22 million compared to USD 31.2 million a year ago. Basic loss per share from continuing operations was USD 1 compared to USD 1.42 a year ago. Diluted loss per share from continuing operations was USD 1 compared to USD 1.42 a year ago.
Armstrong Flooring, Inc. is a producer of resilient flooring products for use primarily in the construction and renovation of commercial, residential, and institutional buildings. Its portfolio includes builder/pro flooring, residential flooring, and commercial flooring. Its builder/pro flooring offers products, such as luxury vinyl tile, vinyl sheet, and engineered tile. Its residential flooring products include luxury vinyl tile, engineered tile, vinyl sheet, vinyl tile, and Diamond 10 technology. Its Diamond 10 technology provides the ultimate in scratch, stain and scuff resistance. Its commercial flooring products include luxury vinyl tile, homogeneous sheet, and heterogeneous sheet, vinyl composition tile, static control flooring, and slip retardant flooring. The commercial flooring category serves hospitality flooring, education flooring, healthcare flooring, workplace flooring, retail flooring, and multi-family property flooring.