Armstrong Flooring Spinoff

Per the terms of the.

Armstrong flooring spinoff.

Woven and tufted carpets and carpet tiles for contract markets. Armstrong flooring is not really cheap based on current metrics. Armstrong takes a hit just before flooring spinoff takes effect by hbsdealer staff 02 20 2018 get great content like this right in your inbox. English dutch french and german.

Armstrong world industries awi has completed its previously announced separation of armstrong flooring afi as an independent public company. An industry leading manufacturer of innovative flooring products focusing on design performance and durability for the home and commercial applications. The transaction leaving armstrong with the far more profitable ceilings. Armstrong world industries said monday it will spin off its flooring business into a separate publicly held company.

The stock was. Armstrong world industries inc. And their mcap is 513 million which means they trade at 20x free cashflow. As a result of the separation awi is now made up of the armstrong building products unit.

The story for armstrong s newly separated businesses will look different in the second quarter. Part of armstrong holdings inc. Awi has completed its spin off of its flooring business into an independent public company. Evercore partners is advising the company on the separation process.

Armstrong world exited its european flooring business in december due to cooling housing demand on the continent. Armstrong flooring has seen a huge run upwards since being spun off from armstrong world industries in the spring of 2016. But for the. While management has not yet delivered on sales growth margins are.

Under the terms of the spin off awi shareholders retained their awi shares and received one afi share for every two awi shares held.