At Priority Floors, we have a different overall approach to the flooring business. Generally a flooring company focuses on a single market segment such as multifamily replacement, retail, builder, commercial, etc. If a dealer services multiple market segments, rarely are they a dominant player in more than one segment.
A lot has been happening at Beaulieu Commercial in the past few months and at the epicenter of the activity is Steve Hillis, the president. Steve has been there and done that in all of the best places in the commercial floor covering business and was just about ready to take himself out of circulation and, yes, retire.
Armstrong World Industries' board has unanimously approved a plan to separate the company’s flooring business from its ceilings (building products) business, creating two independent publicly traded companies.
Armstrong has released its third quarter 2014 results. Operating income from continuing operations fell 26% over the 2013 period to $69 million, and adjusted EBITDA from continuing operations dipped slightly by 4% to $117 million.
As you read this, the holiday season is over, markets and conventions are around the corner and then shortly thereafter the long winter months. Now is when business slows enough to allow people to catch their breath and make their strategies for the year.
