Armstrong Flooring's 2Q net sales decreased by 0.9% to $323.7 million

市場: 地板
九月 2, 2016
Armstrong Flooring, Inc. reported financial results for the quarter ended June 30, 2016, marking its first quarter as a standalone company. On April 1, 2016, the Company began operating as an independent, publicly traded company following the completion of the Company’s spin-off from Armstrong World Industries, Inc. (“AWI”).

In the 2Q 2016, net sales decreased 0.9% to $323.7 million compared to $326.6 million in the 2Q 2015, reflecting lower net sales in the Pacific Rim region and flat net sales in North America.

Net income of $5.7 million, compares to $8.6 million in the prior year quarter. The decline primarily reflected the higher impact of new duty rates versus the prior period related to prior years’ imports of multilayered wood flooring from China and the impact of lower net sales. 2Q adjusted net income of $11.6 million compares to $11.1 million in the prior year quarter.

Adjusted EBITDA grew to $30.5 million compared to $28.3 million in the prior year quarter. Adjusted EBITDA as a percent of adjusted net sales expanded to 9.4% from 8.7% for the comparable prior year period, largely due to the margin benefit of lower input costs and lower promotional spending, partially offset by costs associated with the ramp-up of the LVT operation in Lancaster, PA.

Armstrong Flooring, Inc. is North America’s largest producer of resilient and wood flooring products.



主題: 财务

評論

喜歡這一點,你需要註冊。
要做到這一點,請輸入您的姓名和電子郵件地址。
名稱:
姓:
電子郵件:
性別:
如果您已經註冊,
請輸入您的詳細信息 這裡
要留下意見,你需要註冊。
要做到這一點,請輸入您的姓名和電子郵件地址。
名稱:
姓:
電子郵件:
性別:
如果您已經註冊,
請輸入您的詳細信息 這裡
我們歡迎通過相關的意見和數據推動故事的評論。如果你看到一個評論,您認為是無關緊要的或不適當的,可以將其標記為我們的編輯使用報告濫用鏈接。在表達意見的看法,並不代表Lesprom網絡。有關我們註釋策略的更多信息,請參見: http://www.lesprom.com/legal/comment_policy/

標籤


返回頁首