Armstrong Flooring

Armstrong Flooring is a producer of flooring products for use primarily in the construction and renovation of residential, commercial and institutional buildings. The Company operates two business segments—Resilient Flooring and Wood Flooring. Resilient Flooring segment designs, manufactures, sources and sells a broad range of floor coverings primarily for homes and commercial buildings under various brands, including the Armstrong brand. Manufactured products in this segment include vinyl sheet, vinyl tile, and luxury vinyl tile flooring. In addition, Armstrong 's Resilient Flooring segment sources and sells laminate flooring products, vinyl tile products, vinyl sheet products, LVT products, and linoleum products, as well as installation and maintenance materials and accessories. Wood Flooring segment designs, manufactures, sources and sells branded hardwood flooring products, including the Armstrong and Bruce brands, for use in residential construction and renovation, with some commercial applications in stores, restaurants, and high-end offices. The product offering includes pre-finished solid and engineered wood floors in various wood species, and dimensions, as well as related accessories.

Company Growth (employees)
Type
Public
HQ
Lancaster, US
Founded
2015
Size (employees)
4,000 (est)
Armstrong Flooring was founded in 2015 and is headquartered in Lancaster, US

Armstrong Flooring Office Locations

Armstrong Flooring has offices in Lancaster, Braeside and Shanghai
Lancaster, US (HQ)
2500 Columbia Ave
Braeside, AU
29-39 Mills Rd

Armstrong Flooring Data and Metrics

Armstrong Flooring Financial Metrics

Armstrong Flooring's revenue was reported to be $265.2 m in Q1, 2017
USD

Revenue (Q1, 2017)

265.2 m

Gross profit (Q1, 2017)

47.1 m

Gross profit margin (Q1, 2017), %

18%

Market capitalization (18-Aug-2017)

385.4 m

Cash (31-Mar-2017)

33.3 m
Armstrong Flooring's current market capitalization is $385.4 m.
USDFY, 2016

Revenue

1.2 b

Cost of goods sold

963.1 m

Gross profit

230.1 m

Gross profit Margin, %

19%

General and administrative expense

211.2 m

Operating expense total

211.2 m

EBIT

18.9 m

EBIT margin, %

2%

Interest expense

1.5 m

Pre tax profit

11.6 m

Income tax expense

4.1 m

Net Income

9.2 m
USDQ2, 2016Q3, 2016Q1, 2017

Revenue

323.7 m313.4 m265.2 m

Cost of goods sold

260.5 m245.5 m218.1 m

Gross profit

63.2 m67.9 m47.1 m

Gross profit Margin, %

20%22%18%

General and administrative expense

51.4 m53.8 m56.7 m

Operating expense total

51.4 m53.8 m56.7 m

EBIT

11.8 m14.1 m

EBIT margin, %

4%4%

Interest expense

700 k600 k500 k

Pre tax profit

9.4 m13.2 m

Income tax expense

3.7 m4.9 m(2.1 m)

Net Income

5.7 m8.3 m
USDFY, 2016

Cash

30.6 m

Accounts Receivable

89.3 m

Inventories

23.8 m

Current Assets

404.9 m

PP&E

445.2 m

Total Assets

904.4 m

Accounts Payable

163 m

Total Debt

21.2 m

Current Liabilities

163.4 m

Total Liabilities

280.9 m

Additional Paid-in Capital

673.3 m

Retained Earnings

10 m

Total Equity

623.5 m

Debt to Equity Ratio

0 x

Debt to Assets Ratio

0 x

Financial Leverage

1.5 x
USDQ2, 2016Q3, 2016Q1, 2017

Cash

101.6 m32.2 m33.3 m

Inventories

243.9 m250 m287.4 m

Current Assets

484.9 m400.3 m439.3 m

Total Assets

986.1 m891.1 m935 m

Accounts Payable

168 m162.9 m147.8 m

Current Liabilities

172.7 m166.1 m148.2 m

Non-Current Liabilities

217.1 m

Additional Paid-in Capital

650.5 m669.5 m673.1 m

Retained Earnings

5.7 m14 m2.2 m

Total Equity

596.3 m624.5 m612.9 m

Financial Leverage

1.7 x1.4 x1.5 x
USDFY, 2016

Net Income

9.2 m

Depreciation and Amortization

46.6 m

Inventories

(19.8 m)

Accounts Payable

9.9 m

Cash From Operating Activities

54 m

Purchases of PP&E

(37.6 m)

Cash From Investing Activities

(36.9 m)

Long-term Borrowings

(10 m)

Cash From Financing Activities

14.5 m

Interest Paid

1.5 m
USDQ2, 2016Q3, 2016Q1, 2017

Net Income

5.7 m8.3 m

Accounts Payable

168 m162.9 m147.8 m
USDY, 2017

Revenue/Employee

66.3 k

Financial Leverage

1.5 x

Armstrong Flooring Market Value History

Traffic Overview of Armstrong Flooring

Armstrong Flooring Online and Social Media Presence

Armstrong Flooring Company Life and Culture

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