Armstrong Flooring Announces Price Increases

Rhea-AI Summary

Armstrong Flooring announced price increases effective March 1, 2022, to counter rising input costs. Residential product prices will rise by 0-10%, while commercial product prices will increase by 0-15%. Ocean and freight surcharges will remain in effect. Senior VP Brent Flaharty emphasized the company's commitment to high-quality products and the necessity of this pricing action due to escalating costs. Armstrong Flooring is a leading global manufacturer of flooring products with a strong legacy of over 150 years.

Positive

• Pricing strategy aims to maintain product quality amidst rising input costs.
• Continued commitment to high-quality products and services.

Negative

• Price increases may affect customer demand.
• Ongoing reliance on ocean and freight surcharges.

Various price increases will go into effect on March 1, 2022

LANCASTER, Pa., Jan. 14, 2022 (GLOBE NEWSWIRE) -- Armstrong Flooring announced it will increase U.S. prices effective March 1, 2022 to offset rising input costs. For select Residential products, price increases will range from 0-10%. For select Commercial products, price increases will range from 0-15%. The previously announced and implemented ocean and freight surcharges will remain in place.

“Armstrong Flooring continues its strong commitment of delivering high quality products and services to the markets we serve,” said Brent Flaharty, Senior Vice President, Chief Customer Experience Officer at Armstrong Flooring. “We have and will continue to do what we can to offset the increasing costs associated with delivering on that commitment. As the costs are increasing too quickly, we need to implement another pricing action.”

About Armstrong Flooring
Armstrong Flooring, Inc. (NYSE: AFI) is a leading global manufacturer of flooring products and one of the industry’s most trusted and celebrated brands. The company continually builds on its resilient, 150-year legacy by delivering on its mission to create a stronger future for customers through adaptive and inventive solutions. Headquartered in Lancaster, Pennsylvania, Armstrong Flooring safely and responsibly operates seven manufacturing facilities globally. Learn more at www.armstrongflooring.com.

Contact:
Anthony Burkhart | 717.672.7774 | media@armstrongflooring.com

FAQ

What are the new prices for Armstrong Flooring products effective March 1, 2022?

Residential products will see price increases of 0-10%, while commercial products will increase by 0-15%.

Why is Armstrong Flooring raising prices in March 2022?

The price increases are intended to offset rising input costs.

What is the ticker symbol for Armstrong Flooring?

The ticker symbol for Armstrong Flooring is AFI.

Will ocean and freight surcharges remain after March 1, 2022?

Yes, the previously announced ocean and freight surcharges will remain in place.

How long has Armstrong Flooring been in business?

Armstrong Flooring has a legacy of over 150 years in manufacturing flooring products.