Hot Housing Market Spurring Flooring Demand Says Armstrong CEO

Armstrong Flooring started trading as a stand-alone company this week after being spun-off from Armstrong World Industries.
Author:
Publish date:

Armstrong Flooring (AFI) - Get Report began trading as a stand-alone company this week after being spun-off from Armstrong World Industries (AWI) - Get Report .  Don Maier, CEO of Armstrong Flooring, said now is a good time to be a pure play in flooring considering the growing strength in the residential housing market. 'Our business is actually split 65% residential, so it is very important to us as to what happens in the homebuilding market,' said Maier. 'But we are 35% commercial as well so that's also an important segment for us.' Lancaster, PA-based Armstrong Flooring is the largest manufacturer of resilient and wood flooring products across North America. The company operates 18 manufacturing facilities in three countries and employs approximately 3,500 workers. Maier points out that consumer demand for hard surface flooring is rising, up 4% from 2012 to 2016, according to industry-tracker U.S. FLOOReport.