In order to improve our community experience, we are temporarily suspending article commenting. In terms of EPS, 1 analyst is predicting losses of $0.470 per share compared to losses of $1.370 per share in the same . Armstrong Flooring (AFI) stock price, charts, trades & the US's most popular discussion forums. Effective July 3, 2021, the distributor will no longer handle Armstrong Flooring products. When Michel Vermette took the reins as president and CEO of Armstrong Flooring in the fall of 2019, he challenged the team to adopt a customer-first mindset in all facets of . P.O. Armstrong Flooring has filed for bankruptcy. LANCASTER, Pa., Dec. 31, 2021 /PRNewswire/ -- Armstrong Flooring, Inc. (NYSE:AFI) a leader in the design and manufacture of innovative flooring solutions, announced it has successfully amended its ABL Credit Facility and Term Loan Facility today. These amendments, which received unanimous support from the Company's ABL and Term Loan lenders, provide certain covenant modifications under the . Our goal is to create a safe and engaging place for users to connect over interests and passions. Armstrong Flooring, Inc. 1770 Hempstead Road. The. Armstrong Flooring News Headlines $0.40 -0.09 (-18.37%) (As of 05/12/2022 04:00 PM ET) Today's Range $0.31 $0.42 50-Day Range $0.15 $1.90 52-Week Range $0.13 $6.62 Volume 18.97 million shs Average Volume 1.67 million shs Market Capitalization $8.71 million P/E Ratio N/A Dividend Yield N/A Beta 2.18 Profile Analyst Ratings Chart Competitors It fell even further two days ago upon news that the NYSE would prepare to . Lancaster, PA, May 9, 2022-Armstrong Flooring announced that the company and certain of its subsidiaries have filed for . Michel Vermette, Armstrong Flooring CEO, reflected on Borders' talents and positive attitude. LANCASTER, Pa. —. Armstrong Flooring at 1770 Hempstead Road in East Lampeter Township Thursday, April 7, 2022. . LANCASTER, Pa.- Citing continuing supply chain challenges and other pandemic-related issues, Armstrong Flooring, Inc. and three of its subsidiaries have filed for voluntary protection under . Armstrong Flooring was spun off from Armstrong World Industries in 2016, a move that left Armstrong Industries with the far more profitable ceilings business. (2 minutes) Armstrong Flooring Inc., a publicly traded manufacturer founded in 1860, has filed for bankruptcy, saying it couldn't raise prices enough to counter supply-chain disruptions and higher. Lancaster, Pa.— Armstrong Flooring announced that the company and certain of its subsidiaries have filed for voluntary protection under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. during 2021 we (i) completed the phased relocation of our new corporate headquarters and technical center including a first-of-its-kind design center to showcase our full capabilities, with expected cost savings of approximately 60% when fully annualized; (ii) launched several new key products including additions to the american charmtm … "Ohio Valley Flooring has been a valued partner to Armstrong . Armstrong Flooring News: This is the News-site for the company Armstrong Flooring on Markets Insider. Armstrong Files Chapter 11, Will Fund Operations with $30M DIP Loan. 0:00 / 1:16 •. Over the past year the S&P 500 has fallen -2.42% while AFI is lower by -92.12%. In a continuation of its ongoing sale process, the company said it intends to continue pursuing an . Following the announcement, AFI stock took a leap of a hug 52.02% in the after-hours at 3.91M shares. Armstrong Flooring Inc (AFI) stock is lower by -73.83% while the S&P 500 is lower by -0.99% as of 1:43 PM on Monday, May 2. on may 1, 2022, armstrong flooring, inc. (the "company") entered into an abl amendment (as defined below) and a term loan amendment (as defined below) for the purpose of amending the milestone. on may 1, 2022, armstrong flooring, inc. (the "company") entered into an abl amendment (as defined below) and a term loan amendment (as defined below) for the purpose of amending the milestone covenant contained in each of the amended abl credit facility (as defined below) and the amended term loan facility (as defined below) that requires the … LANCASTER, Pa., May 09, 2022 (GLOBE NEWSWIRE) -- Armstrong Flooring, Inc. (NYSE:AFI), a leader in the design and manufacture of innovative flooring solutions ("Armstrong Flooring" or "the Company . PART III — NARRATIVE. During the regular session, the stock saw a slight gain of 1.54% at its closing price of $1.98 with 4.03M shares exchanging. On April 1, Armstrong Flooring reveals figures for the most recent quarter. Armstrong Flooring Signs Definitive Agreement to Sell South Gate, California Property for $76.7 Million finance.yahoo.com - February 25 at 6:08 PM: Armstrong Flooring Hires Amy Trojanowski as Chief Financial Officer finance.yahoo.com - October 19 at 7:20 AM: Armstrong Flooring to Attend Zelman 2020 Virtual Housing Summit The stock was sold at an average price of $0.38 . AFI stock plunged 75%, falling below 50 cents a share. May 11, 2022. Lancaster, PA, May 9, 2022-Armstrong Flooring announced that the company and certain of its subsidiaries have filed for . Armstrong Flooring has filed for bankruptcy protection, saying it couldn't raise prices high enough to keep up with rising supply and transportation costs. April 2022 ended on a truly grim note for Armstrong Flooring. Armstrong reported it had 1,568. Most relevant news about ARMSTRONG FLOORING, INC. Armstrong Flooring Says Bankruptcy Likely Amid Potential Failure to Enter Into a Sale A.. The company . Armstrong Flooring has filed for bankruptcy protection, saying it couldn't raise prices high enough to keep up with rising supply and transportation costs. Headquartered in Lancaster . Armstrong Flooring Inc. told investors this morning it is likely to file for bankruptcy after it failed to find a buyer for the East Lampeter Township-headquartered company. Armstrong Flooring Inc. filed for bankruptcy protection, saying it couldn't raise prices high enough to keep up with rising supply and transportation costs. Lancaster, PA 17605 Lancaster, Pa.— Armstrong Flooring and Ohio Valley Flooring have decided to go their separate ways. Armstrong Flooring, Inc. 1770 Hempstead Road. Get a full understanding of how Armstrong Flooring, Inc. is performing with stock quotes and prices, as well as real-time news and . This Statement on Schedule 13D (" Schedule 13D ") relates to the shares of common stock, par value $0.0001 per share (the " Common Stock " or " Shares ") of Armstrong Flooring, Inc., a Delaware corporation (the " Company " or the " Issuer "), whose principal executive offices are located at 1770 Hempstead Road, Lancaster, PA . 7 Manufacturing facilities in the United States, China and Australia. AFI | Complete Armstrong Flooring Inc. stock news by MarketWatch. Armstrong Flooring Inc filed for bankruptcy on Sunday in the hope of finding a buyer after months of negotiations with lenders over its future. 12-07-2021. Ultimately, the company. Armstrong Flooring. The layoffs over the next 18 months are part of a worldwide plan by the company to revitalize its ailing vinyl flooring business, said Armstrong's Michael D. Lockhart. Attorneys for the company told a Delaware. LANCASTER, Pa., May 09, 2022 (GLOBE NEWSWIRE) -- Armstrong Flooring, Inc. (NYSE: AFI), a leader in the design and manufacture of innovative flooring solutions ("Armstrong Flooring" or "the Company"), today announced that the Company and certain of its . . Armstrong, which filed for bankruptcy alongside its licensing and Latin American affiliates, asked for court approval for $30 million in senior-secured debtor-in . The Chapter 11 filing came after the . Armstrong Flooring Inc. inched closer to finalizing a loan Friday that would keep the company afloat as it reorganizes and pursues a sale of its assets. By Reginald Tucker— Di Anna Borders, the award-winning vice president of design at Armstrong Flooring, lost her brave battle with cancer on March 17. the news and media division of Thomson Reuters . Michel Vermette, president and CEO of Armstrong Flooring, sat down with FCNews to discuss the company's rebranding and new channel strategy. State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period. Armstrong Flooring, Inc. (the "Company") was unable to file its Quarterly Report on Form 10-Q for the period ended March 31, 2022 . "Today, Armstrong Flooring announced a definitive agreement to sell its wood flooring business to an affiliate of American Industrial Partners (AIP), a private equity firm," a Thursday press release from Armstrong Flooring officials […] Lancaster, PA 17605 Armstrong Flooring, Inc., a designer and manufacturer of flooring solutions, has filed for voluntary protection under the U.S. Bankruptcy Code. Armstrong Flooring Insider Transactions Over The Last Year In the last twelve months, the biggest single purchase by an insider was when Senior VP & CFO Amy Trojanowski bought US$167k worth of . Lancaster, PA, March 11, 2022-For FY 2021, Armstrong Flooring reported net sales of $649.9 million, an 11.1% increase compared to net sales of $548.8 million in FY 2020. LANCASTER, Pennsylvania (April 13, 2021) - Armstrong Flooring was voted a brand leader in BUILDER Magazine's 2020 Brand Use Study, an annual survey of building professionals. Armstrong Flooring ( NYSE:AFI - Get Rating) last announced its earnings results on Wednesday, March 9th. Based on an average daily volume of 662,500 shares, the […] Learn More Quick Facts 100+ Years of experience inspiring the flooring industry. As of April 30th, there was short interest totalling 109,800 shares, an increase of 145.6% from the April 15th total of 44,700 shares. That sale will continue even . 2021 2020 2019 2018 2017. Despite selling its L.A. land for a tidy $65.4 million, something I anticipated well in advance, Armstrong's turnaround and go-to-market strategy, ultimately, failed. Live. Support: 888-992-3836 | NewsWire | Home | Login / Register. Armstrong Flooring Named Best in Category, Editors' Choice in Architectural Record Annual Competition. The firm has a 50-day moving average of $1.53 and a 200-day moving average of $2.06. View real-time stock prices and stock quotes for a full financial overview. In related news, insider Lp 22Nw sold 3,196,336 shares of Armstrong Flooring stock in a transaction dated Monday, May 2nd. Armstrong Flooring Inc. filed for bankruptcy protection, saying it couldn't raise prices high enough to keep up with rising supply and transportation costs. The stock was sold at an average price of $0.38, for a total value of . The Chapter 11 filing came after the . Armstrong Flooring: Turnaround Investing Is Much Harder Than It Looks. Armstrong Flooring has filed for Chapter 11 bankruptcy protection while it continues to pursue a possible sale of the company. Thinking about buying stock in Borqs Technologies, Aterian, Bilibili, ON Semiconductor,.. Armstrong Flooring, Inc. Reports Earnings Results for the Full Year Ended December 31, .. On a per-share basis, the Lancaster, Pennsylvania -based company said it had a loss of 53 cents. LANCASTER, Pa., Dec. 31, 2021 /PRNewswire/ -- Armstrong Flooring, Inc. (NYSE:AFI) a leader in the design and manufacture of innovative flooring solutions, announced it has successfully amended its . About Armstrong Flooring Armstrong Flooring, Inc. (NYSE: AFI) is a global leader in the design and manufacture of innovative flooring solutions that inspire beauty wherever your life happens. In other Armstrong Flooring news, insider Lp 22Nw sold 3,196,336 shares of the business's stock in a transaction that occurred on Monday, May 2nd. Box 10068. The construction company reported ($1.41) earnings per share for the quarter. Box 10068. "Armstrong Flooring's move signals both an exciting direction for the company by its new leadership and is a huge vote of confidence in Lancaster County, at a time when all of us are looking for positive economic news." Construction will begin in August with anticipated completion in the second quarter of 2021. Armstrong Flooring news and AFI price. . In a continuation of its ongoing sale process, the company intends to continue pursuing an efficient and value-maximizing sale of its business through a competitive Chapter 11 sale process . April 2022 ended on a truly grim note for Armstrong Flooring. Free real-time prices, trades, and chat. Headquartered in Lancaster, Pennsylvania, Armstrong Flooring continually builds on its resilient, 150-year legacy by delivering on its mission to create a . BEVERLY — Armstrong Flooring officials announced Thursday the wood flooring division of the company has been sold to a private equity firm. MEDIA INQUIRES. Armstrong Files Chapter 11, Will Fund Operations with $30M DIP Loan. The Lancaster County-based company had previously announced it was looking to sell its business. Save. Armstrong was hit last year with $85 million in additional product and transportation costs, Vermette said, and raising prices for retail customers by 10% and for commercial customers by 15% wasn't. LANCASTER, Pa.- Citing continuing supply chain challenges and other pandemic-related issues, Armstrong Flooring, Inc. and three of its subsidiaries have filed for voluntary protection under . A vertical stack of three evenly spaced horizontal lines. Read More. The Chapter 11 filing came after the . P.O. Email Us ARTICLES FROM. Lancaster, Pa.-based Armstrong Flooring Inc. filed for protection under Chapter 11 bankruptcy laws as it continues pursuing sale of the business. Armstrong Flooring has filed for Chapter 11 bankruptcy protection while it continues to pursue a possible sale of the company. She was just 50 years old. Armstrong Flooring, Inc. (NYSE: AFI) is a global leader in the design and manufacture of innovative flooring solutions that inspire beauty wherever your life happens. AFI is lower by -$1.21 from the previous closing price of $1.64 on volume of 13,485,045 shares. Find the latest Armstrong Flooring, Inc., AFI stock market data. Armstrong Flooring ( NYSE:AFI - Get Rating) last issued its quarterly earnings results on Wednesday, March 9th. Lancaster County-based Armstrong Flooring has filed for Chapter 11 bankruptcy protection. LANCASTER, Pa. -- Armstrong Flooring, whose products are sold throughout the area, announced Monday that it and some of its subsidiaries have filed for Chapter 11 bankruptcy. Armstrong Flooring slips 21% post Q3 earnings SA News Wed, Oct. 21, 2020 2 Comments. The word "Insider". Armstrong, which filed for bankruptcy alongside its licensing and Latin American affiliates, asked for court approval for $30 million in senior-secured debtor-in . Armstrong Flooring will receive proceeds of approximately $65 million in cash, net of fees, expenses, and $10.5 million to be held in an environmental related escrow. media@armstrongflooring.com Customer Inquires We're here to help. Home News Armstrong introduces new sheet products. LANCASTER, Pa. (AP) _ Armstrong Flooring Inc. (AFI) on Wednesday reported a loss of $11.7 million in its third quarter. Armstrong Flooring Wins Four 2021 GOOD DESIGN® Awards for Design Excellence. The Chapter 11 filing came after the . Armstrong files for protection under chapter 11. The survey found Armstrong Flooring voted as the top flooring brand across three categories: Brand Familiarity, Brands Used in the Past 2 Years, and Highest Overall Quality Rating. Today, shares of AFI stock are trading higher by more than 19% after the company confirmed that it had put itself up for sale. May 10, 2022, 3:10 PM. On March 31, 2022, Armstrong Flooring, Inc. (the "Company") entered into an ABL Amendment (as defined below) and a Term Loan Amendment (as defined below) for the purpose of amending certain milestone covenants in the Company's Amended ABL Credit Facility (as defined below) and Amended Term Loan Facility (as defined below). It fell even further two days ago upon news that the NYSE would prepare to . The decision comes after mutual assessment of the companies' go-to-market strategies. Lancaster, PA, May 3, 2022-Armstrong Flooring told investors this morning it is likely to file for bankruptcy after it failed to find a buyer, reports Lancaster Online. Each collection is manufactured in Stillwater, Okla., and includes Diamond 10 Technology, a patented wear layer that uses cultured diamonds to provide the . LANCASTER, Pa., Feb. 25, 2021 (GLOBE NEWSWIRE) -- Armstrong Flooring, Inc. (NYSE: AFI) ("Armstrong Flooring" or the "Company"), a leader in the design and manufacture of innovative flooring solutions, t. 1 year ago - GlobeNewsWire. In related news, insider Lp 22Nw sold 3,196,336 shares of Armstrong Flooring stock in a transaction dated Monday, May 2nd. 1,800 + Employees working daily to provide the highest levels of innovation, quality, and service. Losses, adjusted for non-recurring costs, came to 52 cents per share. This piece provides a fairly detailed look at one of my biggest turnaround investing mis-adventures. Armstrong Flooring, Inc. (NYSE:AFI - Get Rating) was the recipient of a significant increase in short interest in the month of April. The company owes creditors $317.8 million and has . Some of the losses seen by insiders who purchased US$201k worth of Armstrong Flooring, Inc. (NYSE:AFI) shares over the past year were recovered after the stock increased by 63% over the past week. Company to continue fulfilling orders and commitments to stakeholders, providing the highest levels of innovation, quality and service. AFI stock plunged 75%, falling below 50 cents a share. Consequently, Armstrong Flooring Inc. (AFI) jumped higher in the after hours. Armstrong Flooring operates as a company that focuses on flooring and . Armstrong files for protection under chapter 11. Armstrong Flooring Signs Definitive Agreement to Sell South Gate, California Property for $76.7 Million. •. Armstrong Flooring reports Q4 results SA News Wed, Feb. 17, 2021 1 Comment. Lancaster, Pa.—Armstrong Flooring introduced three new heterogeneous sheet collections, Asana, Nidra and Zenscape. The stock was sold at an average price of $0.38, for a total value of . AFI | Complete Armstrong Flooring Inc. stock news by MarketWatch. Armstrong Flooring (AFI) Amends ABL to Extend Sales Process Another 30 Days Lancaster, PA, April 1, 2022-Armstrong has received several "non-binding" expressions of interest, and the creditors are. Free forex prices, toplists, indices and lots more. Read More. View real-time stock prices and stock quotes for a full financial overview. The . Armstrong Flooring will take over two adjacent buildings, located at 1740 and 1760 Hempstead Road, which total 58,000 square feet, which will house office space for approximately 200 corporate . February 11, 2022. The Latest News — The latest news headlines from across Lancaster County, . 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