Armstrong Flooring, Inc. is a leading global manufacturer of flooring products and one of the industry’s most trusted and celebrated brands. The company continually builds on its resilient, 150-year legacy by delivering on its mission to create a stronger future for customers through adaptive and inventive solutions. Headquartered in Lancaster, Pennsylvania, Armstrong Flooring safely and responsibly operates eight manufacturing facilities globally.
Company profile
Ticker
AFIIQ
Exchange
Website
CEO
Michel Vermette
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Armstrong Licensing LLC • Armstrong Flooring Pty Ltd • AFI Canada Ltd. • Armstrong (China) Investment Co., Ltd. • Armstrong Advanced Flooring (China) Co. Ltd • Armstrong Flooring Hong Kong Limited ...
AFIIQ stock data
Latest filings (excl ownership)
8-K
Departure of Directors or Certain Officers
6 Oct 22
8-K
Departure of Directors or Certain Officers
7 Sep 22
8-K
Completion of Acquisition or Disposition of Assets
29 Aug 22
8-K
Completion of Acquisition or Disposition of Assets
5 Aug 22
8-K
Completion of Acquisition or Disposition of Assets
29 Jul 22
8-K
Armstrong Flooring Announces Successful Bid for North American Business and Binding Bids to Acquire Chinese and Australian Businesses
14 Jul 22
SD
Conflict minerals disclosure
31 May 22
25-NSE
Exchange delisting
23 May 22
8-K
Armstrong Flooring Receives Approval for Additional Financing
20 May 22
8-K
Entry into a Material Definitive Agreement
12 May 22
Transcripts
AFIIQ
Earnings call transcript
2021 Q2
21 Jul 21
AFIIQ
Earnings call transcript
2021 Q1
22 Apr 21
AFIIQ
Earnings call transcript
2020 Q4
17 Feb 21
AFIIQ
Earnings call transcript
2020 Q3
21 Oct 20
AFIIQ
Earnings call transcript
2020 Q2
22 Jul 20
AFIIQ
Earnings call transcript
2020 Q1
11 May 20
AFIIQ
Earnings call transcript
2019 Q4
3 Mar 20
AFIIQ
Earnings call transcript
2019 Q3
5 Nov 19
AFIIQ
Earnings call transcript
2019 Q2
6 Aug 19
AFIIQ
Earnings call transcript
2019 Q1
7 May 19
Latest ownership filings
SC 13D/A
GAMCO INVESTORS, INC. ET AL
18 Jul 22
SC 13D/A
GAMCO INVESTORS, INC. ET AL
12 Jul 22
SC 13D/A
GAMCO INVESTORS, INC. ET AL
30 Jun 22
SC 13D/A
GAMCO INVESTORS, INC. ET AL
31 May 22
SC 13D/A
ESOPUS CREEK VALUE SERIES FUND LP - SERIES A
26 May 22
SC 13D
ESOPUS CREEK VALUE SERIES FUND LP - SERIES A
11 May 22
4
Aron R. English
4 May 22
SC 13G/A
22NW, LP
4 May 22
4
Christopher S Parisi
4 Apr 22
4
John C Bassett
4 Apr 22
Financial summary
| Quarter (USD) | Dec 21 | Sep 21 | Jun 21 | Mar 21 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 9.70 mm | 9.70 mm | 9.70 mm | 9.70 mm | 9.70 mm | 9.70 mm |
| Cash burn (monthly) | 1.73 mm | 333.33 k | 10.67 mm | 4.34 mm | 9.90 mm | 5.86 mm |
| Cash used (since last report) | 22.46 mm | 4.32 mm | 138.19 mm | 56.25 mm | 128.26 mm | 75.90 mm |
| Cash remaining | -12.76 mm | 5.38 mm | -128.49 mm | -46.55 mm | -118.56 mm | -66.20 mm |
| Runway (months of cash) | -7.4 | 16.1 | -12.0 | -10.7 | -12.0 | -11.3 |
Institutional ownership, Q2 2022
25.1% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 8 |
| Opened positions | 1 |
| Closed positions | 39 |
| Increased positions | 1 |
| Reduced positions | 4 |
| 13F shares | Current |
|---|---|
| Total value | 18.88 mm |
| Total shares | 5.46 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| 22NW Fund | 3.09 mm | $17.26 mm |
| Gamco Investors | 1.44 mm | $400.00 k |
| Esopus Creek Value Series Fund LP - Series A | 454.00 k | $98.00 k |
| VA Partners I | 370.00 k | $1.09 mm |
| Gabelli Funds | 93.00 k | $26.00 k |
| TETAA Teton Advisors | 20.00 k | $6.00 k |
| Simplex Trading | 900.00 | $0.00 |
| Tower Research Capital | 534.00 | $0.00 |
| 22NW | 0.00 | $0.00 |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 2 May 22 | 22NW | Common Stock | Sell | Dispose S | Yes | No | 0.3823 | 3,196,336 | 1.22 mm | 0 |
| 1 Apr 22 | Parisi Christopher S | Common Stock | Payment of exercise | Dispose F | No | No | 1.46 | 2,843 | 4.15 k | 45,213 |
| 1 Apr 22 | Parisi Christopher S | Common Stock | Option exercise | Acquire M | No | No | 1.46 | 10,340 | 15.10 k | 48,056 |
| 1 Apr 22 | Parisi Christopher S | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 10,340 | 0.00 | 20,682 |
| 1 Apr 22 | Bassett John C | Common Stock | Payment of exercise | Dispose F | No | No | 1.46 | 1,038 | 1.52 k | 76,513 |
| 1 Apr 22 | Bassett John C | Common Stock | Option exercise | Acquire M | No | No | 1.46 | 2,822 | 4.12 k | 77,551 |
| 1 Apr 22 | Bassett John C | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 2,822 | 0.00 | 5,644 |
| 1 Apr 22 | Vermette Michel | Common Stock | Payment of exercise | Dispose F | No | No | 1.46 | 7,028 | 10.26 k | 249,034 |
| 1 Apr 22 | Vermette Michel | Common Stock | Option exercise | Acquire M | No | No | 1.46 | 16,539 | 24.15 k | 256,062 |
| 1 Apr 22 | Vermette Michel | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 16,539 | 0.00 | 33,079 |