January 1, 1970 - AFIIQ
Armstrong Flooring Inc. (AFIIQ): A Glimpse into the Financial Journey
Financial Overview
Armstrong Flooring Inc. (AFIIQ) faced significant financial challenges culminating in Chapter 11 bankruptcy in May 2022, which later converted to Chapter 7 in April 2023, signifying liquidation. Let's examine some key financial aspects from available data:
| Metric | Value |
|---|---|
| Market Cap (as of June 18, 2024) | $4,355 |
| EBITDA | -$29,500,000 |
| Net Income | Negative |
| Earnings Per Share (EPS) | -$4.82 |
The company's negative EBITDA, net income, and EPS underscore its financial struggles. A market capitalization of $4,355 reflects its distressed state, likely trading for pennies on the dollar.
Important Disclaimer
Investing in bankrupt companies carries high risk. Consulting a qualified financial advisor is crucial before making any investment decisions.
"Fun Fact: Armstrong Flooring has roots dating back to 1860, originating as a small producer of cork bottle stoppers. It later evolved into a flooring giant, highlighting the ever-changing nature of business and industry."
