Core Viewpoint - Armstrong World Industries, Inc. (AWI) is expected to report its fourth-quarter 2023 results on February 20, with earnings anticipated to decline year-over-year while net sales are projected to increase slightly [1][2]. Revenue Summary - The Zacks Consensus Estimate for fourth-quarter net sales is $307.9 million, reflecting a 1.1% increase from the previous year's figure [2]. - The Mineral Fiber segment, which accounted for 71.9% of third-quarter 2023 revenues, is expected to generate sales of $216 million, indicating flat year-over-year growth [3]. - The Architectural Specialties segment, representing 28.1% of total revenues, is projected to achieve sales of $91.7 million, a 3.6% increase from the prior year [4]. Earnings Summary - The earnings per share estimate for the fourth quarter remains at $1.03, down 4.6% from $1.08 in the same quarter last year [2]. - Total adjusted operating income is expected to be $66.4 million, a decline of 6.4% from $71 million year-over-year [5]. - Selling, general, and administrative (SG&A) expenses are projected to rise by 3.1% to $60.9 million, contributing to the anticipated decline in earnings [5]. Earnings Prediction - The company has a positive Earnings ESP of +2.66%, indicating a potential earnings beat [6][7]. - Armstrong World currently holds a Zacks Rank of 2 (Buy), which enhances the likelihood of exceeding earnings expectations [7].

Otis Worldwide Corporation (OTIS) unveiled its medium-term outlook, long-term growth strategy, operating profit drivers, and capital allocation plans at its 2024 Investor Day hosted on Feb 15.Shares of this leading elevator and escalator manufacturing, installation and service company gained 1.9% on Feb 15, after the news release.Medium-Term OutlookOTIS expects organic sales to be up in low to mid-single digits. Also, it projects organic New Equipment sales within flat to up low-single digits, and organic S ...

Core Insights - Armstrong World Industries, Inc. (AWI) is expected to report earnings soon, with favorable conditions indicating a potential earnings beat [1] - Recent earnings estimate revisions have been positive, suggesting underlying favorable trends for AWI [1] - The Most Accurate Estimate for AWI's current quarter is $1.06 per share, higher than the Zacks Consensus Estimate of $1.03 per share, resulting in a Zacks Earnings ESP of +2.66% [1] Importance of Earnings ESP - A positive Zacks Earnings ESP is associated with a high likelihood of positive earnings surprises and market outperformance [2] - Historical data indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have shown a positive surprise nearly 70% of the time and average annual returns exceeding 28% [2] - AWI holds a Zacks Rank of 2 (Buy) and a positive Earnings ESP, making it a stock worth considering ahead of its earnings report [2]

LANCASTER, Pa.--(BUSINESS WIRE)--Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions, announced today that its Board of Directors has declared a cash dividend of $0.28 per share of common stock. The dividend will be paid on March 14, 2024, to stockholders of record as of the close of business on Feb. 29, 2024. The declaration and payment of future dividends and capital allocations will be at the discretion of the Board of Directors a ...

The upcoming report from Armstrong World Industries (AWI) is expected to reveal quarterly earnings of $1.03 per share, indicating a decline of 4.6% compared to the year-ago period. Analysts forecast revenues of $307.85 million, representing an increase of 1.1% year over year.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Ahead of a co ...

Here are three stocks with buy rank and strong income characteristics for investors to consider today, February 14:Camden National Corporation (CAC) : This bank holding company for Camden National Bank has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2% the last 60 days.This Zacks Rank #1 company has a dividend yield of 5.1%, compared with the industry average of 3.1%.Reynolds Consumer Products Inc. (REYN) : This kitchenware company has witnessed the Zacks Consensus Estima ...

Armstrong World Industries (AWI) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be release ...

LANCASTER, Pa.--(BUSINESS WIRE)--Armstrong World Industries, Inc. (AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions, has been named one of America’s Greatest Workplaces for Diversity by Newsweek for 2024. “ We are honored to be recognized as one of America's Greatest Workplaces for Diversity. We firmly believe that supporting an inclusive and diverse work environment is not just a goal but a driving force behind our success,” said Vic Grizzle, AWI CEO and President. “ ...

Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Armstrong World Industries (AWI) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Armstrong World Industries is a member of our Construction group, which includes 98 different companies and currently sits at #1 in the Zacks S ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Armstrong World Industries (AWI) . This company, which is in the Zacks Building Products - Miscellaneous industry, shows potential for another earnings beat.When looking at the last two reports, this ceiling and wall systems manufacturer has recorded a strong streak of surpassing earnings estimates. The company has topped esti ...