Armstrong Disclosure PolicyMay 2007
Armstrong is committed to full and fair disclosure of information that outsiders need to make reasoned investment decisions
about our debt and equity securities. Our policy is to provide factual information about our businesses and our strategic
objectives, on a consistent basis, to enable investors to reasonably gauge the performance of the company as a whole. We comply
with the laws and regulations governing publicly traded securities, including Regulation FD adopted by the Securities and
Armstrong releases information regularly through SEC filings, press releases and conference calls that are web cast and thereby
open to the public. We announce the date and time of upcoming conference calls and management presentations to the investment
community on our website and in a news release. In addition, when an event or action results in material information, Armstrong
issues a news release so that full, accurate and comprehensive disclosure is made to the public.
At times we also answer questions of a nonmaterial nature during telephone calls and in-person meetings with stockholders
and the financial community. When we do answer such queries, we do not feel obligated to forward the information to others
who have not specifically asked for it. In the event any material information is disclosed inadvertently during meetings or
phone calls, it is the company’s policy to issue a news release or file an 8-K as soon as practicable (within 24 hours), or,
before the NYSE opens the next business day.
This disclosure policy applies to all employees, officers, consultants and directors of the Company, and addresses both oral
and written communications with financial analysts, existing and potential investors and the media. Such communications may
include, but are not limited to, management presentations, telephone conversations and interviews given by executives.
Investors, analysts and the media often want to speak with company’s management, and we make executives available for such
conversations as appropriate, but these meetings will not be a forum for sharing non-public information. To reduce the need
for such contacts, however, we typically will schedule at least one occasion each year at which interested groups can meet
executives and information presented will simultaneously be made publicly available.
The designated company contacts for the financial community are the Chief Executive Officer (CEO), the Chief Financial Officer
(CFO) and the Investor Relations Officer (IRO). No other executives, directors, consultants or employees of Armstrong are
authorized to answer inquiries or to discuss the financial or operating activities of the company with the financial community
without the prior approval of the CEO, the CFO or the IRO.
Types of Information Made Available
Armstrong announces financial results on a quarterly basis. These results are presented on a consolidated basis, with revenue
and operating income of major operating segments also disclosed. Generally, financial information for individual plants, product
types or geographic regions is not disclosed publicly.
It is Armstrong’s policy to not provide guidance on quarterly or annual earnings expectations. The Company will provide investors
with perspectives on its value drivers, its strategic initiatives and those factors critical to understanding its businesses
and operating environments.
Armstrong routinely distributes news releases, Form 10-Ks, Form 10-Qs and other items to the financial community. These documents,
as well as information about the company’s corporate governance, are also available at www.armstrong.com, the company’s website. Company presentations given by management at investor meetings and industry conferences will simultaneously
be made publicly available.
The Company does not distribute analysts’ research reports.
The Company does not comment on rumors in the marketplace, or speculation on acquisitions, divestitures or unusual activity
in the stock, except as may be required upon the advice of counsel or rules of exchanges where its securities are traded.
The Company refrains from discussing financial results and certain other information during specific times of the year. These
“quiet periods” begin the 10th of the month preceding the close of a quarter and continues until the results are announced
To receive copies of publicly disclosed information, please visit the Company's website at www.armstrong.com . You may also contact Investor Relations at 717-396-2237.