Armstrong Flooring Reports Fourth Quarter and Full Year 2020 Results
Armstrong Flooring (AFI) announced its fourth-quarter and full-year financial results for 2020, showcasing resilience in their business transformation efforts. CEO Michel Vermette highlighted a strong outlook for 2021, driven by positive trends in residential housing construction, which represented 40% of 2020 sales. The company is experiencing improvements in commercial demand, supporting confidence in their ongoing transformation. Consolidated revenues and detailed financial metrics were not disclosed in this PR but are crucial for investors.
- Residential housing construction represents 40% of 2020 sales, growth from 35% historically.
- Commercial activity shows sequential improvement in demand since mid-2020.
- None.
Armstrong Flooring, Inc. (NYSE: AFI) (“Armstrong Flooring” or the “Company”), a leader in the design and manufacture of innovative flooring solutions, today reported financial results for the fourth quarter and full year ended December 31, 2020.
Michel Vermette, President and Chief Executive Officer, commented, “I’m proud of the resilience our employees showed throughout the year while executing our business transformation. Our progress was evident in our fourth quarter results, which were largely in line with our expectations as we further invested in the multi-pronged transformation and modernization of our business.”
“Looking forward to 2021, macro trends further support Armstrong Flooring’s internal efforts. Residential housing construction remains positive for Armstrong Flooring, with this end market continuing to grow in importance, representing
Consolidated Results
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