Armstrong Flooring Reports Third Quarter 2019 Results
Armstrong Flooring, Inc. (AFI)
Last armstrong flooring, inc. earnings: 3/3 07:00 am
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Source: Business Wire
Third Quarter 2019 Highlights Net Sales of $165.6 MillionNet Loss of $31.4 Million and Adjusted Net Loss of $11.1 MillionAdjusted EBITDA of $8.8 MillionUpdates Full Year 2019 Outlook LANCASTER, Pa.--(BUSINESS WIRE)--Armstrong Flooring, Inc. (NYSE: AFI) (“Armstrong Flooring” or the “Company”), North America’s largest producer of resilient flooring products, today reported financial results for the third quarter ended September 30, 2019.Michel Vermette, President and Chief Executive Officer, commented, “Since joining the Company in September I have spent time assessing the business, and it is clear that the current performance does not reflect the Company’s potential. I have begun working with the teams to initiate a comprehensive review of all aspects of the business to allow us to address operational challenges, optimize our product portfolio, expand our customer reach, streamline processes and implement numerous best practices to better capitalize on market opportunities. As we be
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