Comparing the current results to its competitors, Armstrong Flooring Inc reported Revenue increase in the 4 quarter 2021 by 14.25 % year on year. The sales growth was above Armstrong Flooring Inc 's competitors' average revenue growth of 5.94 %, achieved in the same quarter.
Armstrong Flooring Inc , slower than the average decrease reported by the company's competitors of -23.96 %. recorded a net loss and most of the company's competitors saw a decline in earnings by -23.96 %
Armstrong Flooring Inc 's Comment on Competition and Industry Peers
We face strong competition in all of our businesses. Principal attributes of
competition include product performance, product styling, service and price.
Competition in North America comes from both domestic and international manufacturers.
Additionally, some of our products compete with alternative products or finishing
solutions. Our resilient, laminate and wood flooring products compete with carpet,
stone and ceramic products. There is excess industry capacity for certain products
in some geographies, which tends to increase price competition. The following
companies are our primary competitors:
Beaulieu International Group, N.V., Boa-Franc, Inc., Congoleum Corporation,
Forbo Holding AG, Gerflor Group, IVC Group, Krono Holding AG, Lauzon Ltd, LG
Floors, Mannington Mills, Inc., Mercier Wood Flooring, Inc., Metroflor Corporation,
Mirage Hardwood Floors (a division of Boa-Franc Inc.), Mohawk Industries, Inc.,
Mullican Flooring, L.P., Nora Systems GmbH, Pfleiderer AG, Shaw Industries,
Inc., Somerset Hardwood Flooring, and Tarkett AG.
Live Ventures Inc operates as a diversified holding company that acquires, operates, and grows small market businesses. It aims to generate revenue and profits through a combination of acquiring established companies, improving their operations, and expanding their market presence.
Mohawk Industries Inc operates as a global flooring manufacturer with a vertically integrated business model that encompasses the entire supply chain from production to retail. The company owns and manages multiple manufacturing facilities, distribution centers, and retail outlets, enabling it to efficiently produce and distribute a diverse array of flooring products, including carpet, hardwood, laminate, and tile. This integration allows Mohawk to maintain quality control, optimize costs, and respond effectively to market demands while catering to both residential and commercial customers.
Interface Inc is a global manufacturer and distributor of modular carpet tiles and resilient flooring solutions. They operate on a business model that focuses on sustainability and the circular economy, striving to eliminate any negative impact their operations have on the environment. The company incorporates innovation, responsible sourcing, and product lifecycle management to create sustainable flooring solutions for their customers.
Tile Shop Holdings Inc is a specialty retailer that offers high-quality tiles, natural stone, and related accessories for residential and commercial projects. The company operates a chain of retail stores across the United States, providing customers with a wide selection of products and design expertise to enhance their spaces. With a focus on customer service and a commitment to offering competitive pricing, Tile Shop Holdings Inc strives to be a one-stop destination for all tile and stone needs.
Sources:
Armstrong Flooring Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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