Armstrong Flooring, Inc.

OTCPK:AFII.Q Stock Report

Market Cap: US$217.8k

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Armstrong Flooring Management

Management criteria checks 2/4

Key information

Michel Vermette

Chief executive officer

US$2.2m

Total compensation

CEO salary percentage30.13%
CEO tenure3.7yrs
CEO ownership1.1%
Management average tenure3.2yrs
Board average tenure7.2yrs

Recent management updates

Analysis Article • Jan 17

Should You Take Comfort From Insider Transactions At Armstrong Flooring, Inc. (NYSE:AFI)?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly...

Recent updates

Seeking Alpha • Jan 04

Armstrong Flooring: Turnaround Investing Is Much Harder Than It Looks

This piece provides a fairly detailed look at one of my biggest turnaround investing mis-adventures. Despite selling its L.A. land for a tidy $65.4 million, something I anticipated well in advance, Armstrong's turnaround and go-to-market strategy, ultimately, failed. This piece discusses Armstrong's recently refinanced ABL/ Term Loan, albeit on very short terms, and the company is hanging a 'For Sale' sign for the business.
Seeking Alpha • Sep 30

Armstrong Flooring: A Turnaround In The Making

New CEO is a "floor" guy with a clear vision for the company. Long-term transformation strategy benefits will start to appear in 2022. The 50% decline in the stock price in the last three months makes a good entry point.
Analysis Article • Jun 04

Is Armstrong Flooring (NYSE:AFI) Using Too Much Debt?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Mar 10

What Type Of Shareholders Make Up Armstrong Flooring, Inc.'s (NYSE:AFI) Share Registry?

If you want to know who really controls Armstrong Flooring, Inc. ( NYSE:AFI ), then you'll have to look at the makeup...
Analysis Article • Feb 12

Is Armstrong Flooring (NYSE:AFI) Weighed On By Its Debt Load?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Jan 17

Should You Take Comfort From Insider Transactions At Armstrong Flooring, Inc. (NYSE:AFI)?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly...
Analysis Article • Dec 13

If You Had Bought Armstrong Flooring's (NYSE:AFI) Shares Three Years Ago You Would Be Down 79%

Armstrong Flooring, Inc. ( NYSE:AFI ) shareholders should be happy to see the share price up 12% in the last month. But...

CEO Compensation Analysis

How has Michel Vermette's remuneration changed compared to Armstrong Flooring's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2021US$2mUS$650k

-US$53m

Sep 30 2021n/an/a

-US$54m

Jun 30 2021n/an/a

-US$36m

Mar 31 2021n/an/a

-US$23m

Dec 31 2020US$1mUS$650k

-US$63m

Sep 30 2020n/an/a

-US$59m

Jun 30 2020n/an/a

-US$77m

Mar 31 2020n/an/a

-US$65m

Dec 31 2019US$5mUS$198k

-US$67m

Compensation vs Market: Michel's total compensation ($USD2.16M) is above average for companies of similar size in the US market ($USD767.83K).

Compensation vs Earnings: Michel's compensation has increased whilst the company is unprofitable.

CEO

Michel Vermette (54 yo)

3.7yrs
Tenure
US$2,157,530
Compensation

Mr. Michel S. Vermette has been the President, Chief Executive Officer and Director of Armstrong Flooring, Inc. since September 11, 2019. He served as President, Residential Carpet at Mohawk Industries sin...

Leadership Team

NamePositionTenureCompensationOwnership
Michel Vermette
President3.7yrsUS$2.16m1.14%
$ 2.5k
Amy Trojanowski
Senior VP & CFO2.6yrsUS$951.65k0.22%
$ 483.0
Christopher Parisi
Chief Compliance Officer9.3yrsUS$710.98k0.21%
$ 452.1
John Bassett
Senior VP & Chief Human Resources Officer7.2yrsUS$581.79k0.35%
$ 765.1
Brent Flaharty
Senior VP & Chief Customer Experience Officerno dataUS$649.91k0.35%
$ 757.7
Gregory Waina
Principal Accounting Officer2.8yrsUS$695.95kno data
Scott Hess
Chief Information Officer & Senior VPno datano datano data
Matt McColgan
Treasurer & Head of Investor Relationsno datano datano data
Alison van Harskamp
Director of Corporate Communications & Public Relationsno datano datano data
Phillip Gaudreau
VP & Controller2.7yrsno datano data
John Hillenbrand
Vice President of Global Research & Developmentno datano datano data
3.2yrs
Average Tenure
52yo
Average Age

Experienced Management: AFII.Q's management team is considered experienced (3.2 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Michel Vermette
President3.7yrsUS$2.16m1.14%
$ 2.5k
Michael Johnston
Independent Director7.2yrsUS$215.00k0%
$ 0
Michael Malone
Independent Director6.6yrsUS$215.00k0.17%
$ 376.6
Larry McWilliams
Independent Chairman of the Board7.2yrsUS$310.00k0.35%
$ 765.3
Kathleen Lane
Independent Director7.2yrsUS$195.00k0.075%
$ 162.4
Jeffrey Liaw
Independent Director7.2yrsUS$215.00k0.080%
$ 174.0
James Melville
Independent Director7.2yrsUS$215.00k0.0097%
$ 21.1
7.2yrs
Average Tenure
65yo
Average Age

Experienced Board: AFII.Q's board of directors are considered experienced (7.2 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/05/04 08:20
End of Day Share Price 2023/05/04 00:00
Earnings2021/12/31
Annual Earnings2021/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Armstrong Flooring, Inc. is covered by 5 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James BarrettCL King & Associates, Inc.
Adam BaumgartenMacquarie Research
Michael WoodNomura Securities Co. Ltd.