Armstrong Products, Inc.
How we got $414K
Based on its 3 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 3% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| ARMSTRONG PRODUCTS, INC. this business | $1.6M | — |
| KINNICK ENTERPRISES, LLC Jones · 10 employees | $3.1M | 20.8 mi |
| KEVIN G. CLOSE LLC Oklahoma City · 40 employees | $10.7M | 21.2 mi |
| ACRYLICS PLUS LLC Oklahoma City · 1 employees | $565K | 24.5 mi |
| MARKING TREE DESIGN LLC Oklahoma City · 1 employees | $379K | 25.3 mi |
| HANSEN MILLWORK AND TRIM INC Oklahoma City · 14 employees | $3.4M | 28.4 mi |
| QUALITY INTERIORS, INC. Norman · 3 employees | $933K | 41.6 mi |
The full calculation
| Employees reported to the SBA | 3 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.2M |
| Estimate: the two combined (geometric mean) | $1.6M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $159K |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $414K |
| Multiple for this size and industry | 2.6× |
| Value range | $218K – $566K |
| Revenue range | $1.0M – $1.8M |
| EBITDA range | $105K – $181K |
| Industry (NAICS) | Showcase, Partition, Shelving, and Locker Manufacturing (337215) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
Advisors
- BankingPrism BankPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| Prism Bank PPP 2020 | All 131 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $25K | 3 |
About Armstrong Products, Inc.
Armstrong Products, Inc. is a showcase, partition, shelving, and locker manufacturing company in Guthrie, Oklahoma. Its estimated annual revenue is about $1.6M, with roughly $159K of EBITDA. It has about 3 employees. Its estimated business value is $414K (likely range $218K–$566K).
Common questions
- Who owns Armstrong Products, Inc.?
- The owner of Armstrong Products, Inc. isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Armstrong Products, Inc. make?
- SeeBITDA estimates Armstrong Products, Inc.'s annual revenue at about $1.6M (likely between $1.0M and $1.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Armstrong Products, Inc. worth?
- About $414K, roughly 2.6× its estimated EBITDA of $159K, typical for a showcase, partition, shelving, and locker manufacturing company its size. Likely range: $218K–$566K.
- How many employees does Armstrong Products, Inc. have?
- About 3, as reported on its PPP loan.