Strong brand names and leading market shares in carpet, tile, laminate, vinyl, and wood flooring Diverse and broad geographic footprint, with sales in North America, Western Europe, Russia, and Australia/New Zealand Stable, above-average earnings relative to other building product companies Strong operating efficiency, aided by vertically integrated manufacturing process and an extensive distribution system Narrow focus on mostly flooring products Partially exposed to cyclical residential and commercial end markets and remodeling spending Solid track record of modest cash flow and leverage metrics, with debt-to-EBITDA of 1.6x as of June 30, 2018 Consistent cash flow generation to meet its working capital and capital spending requirements Relatively low debt levels, even after debt-funded acquisitions or short-term borrowings for capital spending S&P Global
