In the 1Q 2018, Armstrong Flooring’s net sales were $257.9 million as compared to $265.2 million in the 1Q 2017 due to a decline in Wood segment net sales, as the company said in the press release received by Lesprom Network.
1Q 2018 net loss was $10.4 million, or a diluted loss per share of $0.40, as compared to a net loss of $7.8 million, or diluted loss per share of $0.28, in the prior year quarter. Adjusted net loss was $6.1 million, or $0.24 adjusted diluted loss per share, as compared to an adjusted net loss of $3.5 million, or adjusted diluted loss per share of $0.13, in the prior year quarter.
1Q 2018 adjusted EBITDA was $10.1 million, as compared to $9.1 million in the prior year quarter, with the increase primarily due to lower SG&A spending, including $4.3 million of customer reimbursements for prior investments in merchandising as well as the benefit of strong plant productivity and the previously announced plant closures, which more than offset the impact of lower sales and higher input costs.
Armstrong Flooring, Inc. is North America’s largest producer of resilient and wood flooring products.
