Armstrong Flooring, Inc. (NYSE:AFI) manufacturer of flooring products, is reporting third quarter earnings results on Wednesday 21st October 2020, before market open.
Previous Quarter Performance
Armstrong Flooring, Inc. came out with loss for the second quarter of $ 0.29 per share, from the revenue of $ 145.60 million, On adjusted basis, AFI reported loss for the quarter of $ 0.23 per share. The quarterly revenues dropped 18.06 percent compared with the same quarter last year. Wall street analysts are predicting, AFI to report 2Q20 loss of $ 0.31 per share from revenue of $ 155.50 million. The bottom line results beat street analysts by $ 0.08 or 25.81 percent, at the same time, top line results fell short of analysts by $ 9.9 million or 6.37 percent.
Stock Performance
Shares of Armstrong Flooring, Inc. traded low $ -0.03 or -0.57 percent on Tuesday, reaching $ 5.23 with volume of 442.70 thousand shares. Armstrong Flooring, Inc. has traded high as $ 5.49 and has cracked $ 5.01 on the downward trend
The closing price of $ 5.23, representing a 369.64 % increase from the 52 week low of $ 1.12 and a 22.07 % decrease over the 52 week high of $ 6.75.
The company has a market capital of $ 112.94 million and is part of the Basic Materials sector and Building Materials industry.
Conference Call
Armstrong Flooring, Inc. will be hosting a conference call at 10:00 AM eastern time on 21st October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.armstrongflooring.com
Armstrong Flooring, Inc., together with its subsidiaries, designs, manufactures, sources, and sells resilient flooring products for use primarily in the construction and renovation of commercial, residential, and institutional buildings in North America and the Pacific Rim. The company sells its products to independent wholesale flooring distributors, retailers, builders, contractors, installers, property management firms, homeowners, and others. Armstrong Flooring, Inc.
