The below is a letter from Joseph N. Bondi, SVP & NA Residential Flooring, and Dominic C. Rice, SVP & NA Commercial Flooring.
According to Armstrong, "Over the past several months, we have experienced significant increases in raw materials, energy, transportation and operating costs. Key raw materials, such as lumber, PVC, plasticizer, limestone, TiO2 and packaging have not only increased, but we also expect continuing upward cost pressure throughout 2017.