Armstrong Flooring Firts Quarter Sales
Armstrong flooring reports first quarter 2020 results.
Armstrong flooring firts quarter sales. Afi armstrong flooring or the company a leader in the design and manufacture of innovative flooring solutions today reported financial results for the first quarter ended march 31 2020. Armstrong flooring reports first quarter 2020 results. In its third quarter earnings report for 2018 armstrong reported that its wood flooring sales were down to 101 6 million from 114 1 million in the same quarter in 2017. Nyse afi reported a 13 percent drop in wood flooring sales first quarter while resilient flooring dropped 2 1 percent both results looked lower against.
Armstrong flooring reports first quarter 2020 results. Earnings did fall 33 sequentially in the first quarter of this. In the first quarter of 2020 net sales decreased 2 1 to 138 7 million from 141 7 million in the first quarter. The decrease in net sales was primarily due to a decline in china net sales of approximately 5 million attributable to the early outbreak of the covid 19 virus in that region.
Armstrong flooring reports first quarter 2020 results businesswire 2020 05 07 13 00 michel vermette president and chief executive officer commented as the covid 19 crisis continues to rapidly evolve our top priority is the health and safety of our employees and our communities to help limit the spread of the virus. Its resilient vinyl. Lancaster pa armstrong flooring inc. In the first quarter of 2020 net sales decreased 2 1 to 138 7 million from 141 7 million in the first quarter of 2019.
In the first quarter of 2020 net sales decreased 2 1 to 138 7 million from 141 7 million in the first quarter of 2019 including an adverse currency impact of 30 basis points.