Armstrong Flooring Reports Third Quarter 2018 Results
Lancaster, Pa.-- Armstrong Flooring recently reported financial results for the third quarter, which ended September 30.
“Third quarter net sales improved led by 7% growth in our resilient segment, which more than offset lower wood segment sales,” said Don Maier, CEO. “We generated significant volume growth in luxury vinyl tile (LVT) as well as higher selling prices across many product categories, reflecting our 2018 pricing actions in response to inflationary pressure. These results are a reflection of continued execution of our strategic priorities. We are seeing more consistent progress in our top and bottom line performance. We plan to continue investing in growth categories, pricing in line with inflation and targeting cost efficiencies to further improve our margin and returns in 2018 and beyond.”