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In 2009, Armstrong's annual net sales total was US$2.8 billion. [15] Matthew Espe became AWI president and CEO in July 2010. [16] In 2011, Armstrong's net sales were $2.86 billion, with operating income of $239.2 million. [17] Armstrong Cabinets was sold by Armstrong World Industries to American Industrial Partners on October 31, 2012.
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On November 16, 2018, Armstrong Flooring announced it would be selling its wood-flooring business to American Industrial Partners, a private-equity firm, for $100 million. [1] Hazel Dell Brown, chief interior designer of Armstrong Flooring, introduced a number of influential and popular floor coverings and other interior designs. [2] [3] [4]
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For the fiscal year 2019 (2/1/2019-1/31/2020), Lowe's reported earnings of US$4.281 billion, with an annual revenue of US$72.148 billion, an increase of 1.17% over the previous fiscal cycle. [29] Lowe's shares traded at over $116 per share, [30] and its market capitalization was valued at over US$90.32 billion in January 2020. [31]
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