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Armstrong Flooring, Inc. (NYSE: AFI) will announce its first quarter 2021 financial results before the market opens on April 22, 2021. The Company will host a webcast and conference call at 10:00 a.m. Eastern Time on the same day to review financial outcomes and recent events. Investors can access the live webcast via the Investor Relations section of the Company's website. Armstrong Flooring, a leader in flooring solutions, operates seven manufacturing facilities globally, continuing its legacy of innovation and customer-focused solutions.
On March 10, 2021, Armstrong Flooring (NYSE: AFI) successfully completed the sale of its production facility and real estate in South Gate, California. This strategic move aligns with the company's goals to optimize operations and strengthen its financial standing. Armstrong Flooring, a leader in innovative flooring solutions, continues to enhance its legacy while focusing on adaptive and inventive solutions for its customers. The company operates eight manufacturing facilities globally, committed to responsible operations.
Armstrong Flooring (NYSE: AFI) has agreed to sell its South Gate, California facility for $76.7 million to Overton Moore Properties. The transaction is expected to close in Q1 2021, resulting in approximately $65 million in cash proceeds after costs. This sale aims to enhance financial flexibility and support strategic growth, increasing liquidity by $75 million. The company has already shifted production to facilities in Illinois and Mississippi and opened a new distribution hub in Southern California to optimize operations and improve efficiencies.
Armstrong Flooring (AFI) announced its fourth-quarter and full-year financial results for 2020, showcasing resilience in their business transformation efforts. CEO Michel Vermette highlighted a strong outlook for 2021, driven by positive trends in residential housing construction, which represented 40% of 2020 sales. The company is experiencing improvements in commercial demand, supporting confidence in their ongoing transformation. Consolidated revenues and detailed financial metrics were not disclosed in this PR but are crucial for investors.
Armstrong Flooring, Inc. (NYSE: AFI) will announce its fourth quarter and full year 2020 financial results on February 17, 2021, before market opening. A webcast and conference call will follow at 10:00 a.m. Eastern Time to discuss these results and answer questions. Interested participants can access the call by visiting the Investor Relations section of Armstrong Flooring's website or by dialing the provided numbers for domestic and international access.
Armstrong Flooring (NYSE: AFI) will participate in the Sidoti Virtual Microcap Conference on November 19, 2020, at 10:00 a.m. Eastern Time. Key executives, President & CEO Michel Vermette and Senior VP & CFO Amy Trojanowski, will address attendees, with a live audio webcast available on the company's investor website. Armstrong Flooring is a leading manufacturer of innovative flooring solutions, operating eight facilities worldwide and upholding a 150-year legacy in the industry.
Armstrong Flooring, Inc. (NYSE: AFI) reported Q3 2020 results, revealing a 5.4% decline in net sales to $156.6 million compared to Q3 2019. The net loss was $11.7 million, with a diluted loss per share of $0.53, improving from last year's $31.4 million loss. Adjusted EBITDA fell 68.2% to $2.8 million. The company is undergoing a multi-year transformation focusing on expanding customer reach, simplifying operations, and enhancing capabilities. Despite the challenges posed by COVID-19, management expressed confidence in their strategic direction.
Armstrong Flooring, Inc. (NYSE: AFI) has appointed Amy Peacock Trojanowski as Senior Vice President and Chief Financial Officer, effective October 19, 2020. Trojanowski, with over 20 years of experience, previously held senior financial roles at Chemours Company and DuPont. Her appointment follows Greg Waina's interim CFO tenure, and he will assist in the transition. CEO Michel Vermette emphasized Trojanowski's expertise as a valuable asset in driving the company’s strategic growth. Trojanowski expressed enthusiasm for Armstrong's transformation initiatives.
Armstrong Flooring, Inc. (NYSE: AFI) will announce its third quarter 2020 financial results on October 21, 2020, before the market opens. A webcast and conference call will take place on the same day at 10:00 a.m. Eastern Time, allowing investors to review the results and engage in a question-and-answer session. Armstrong Flooring is a leader in flooring solutions and operates globally, maintaining a strong commitment to innovation and quality for over 150 years.
