Armstrong World Industries, Inc. (AWI) reported impressive results for fourth-quarter 2023, wherein earnings and net sales topped the Zacks Consensus Estimate and increased on a year-over-year basis.The company’s growth trend was backed by solid contributions from the Mineral Fiber as well as Architectural Specialties segments, despite soft market conditions. The growth was attributable to the increase in average unit value (AUV), driven by favorable pricing and volumes. Also, contributions from recent acqu ...

Armstrong World Industries, Inc. (NYSE:AWI) Q4 2023 Earnings Conference Call February 20, 2024 10:00 AM ET Company Participants Theresa Womble - Vice President, Investor Relations and Corporate Communications Vic Grizzle - President and Chief Executive Officer Chris Calzaretta - Senior Vice President and Chief Financial Officer Conference Call Participants Garik Shmois - Loop Capital Markets Philip Ng - Jefferies John Lovallo - UBS Susan Maklari - Goldman Sachs Keith Hughes - Truist Rafe Jadrosich - Bank of ...

For the quarter ended December 2023, Armstrong World Industries (AWI) reported revenue of $312.3 million, up 2.6% over the same period last year. EPS came in at $1.22, compared to $1.08 in the year-ago quarter.The reported revenue represents a surprise of +1.45% over the Zacks Consensus Estimate of $307.85 million. With the consensus EPS estimate being $1.03, the EPS surprise was +18.45%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare ...

4th Quarter & Full Year 2023 Earnings Presentation Safe Harbor Statement Disclosures in this presentation contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation, those relating to future financial and operational results, expected savings from cost management ...

Armstrong World Industries (AWI) came out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $1.03 per share. This compares to earnings of $1.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 18.45%. A quarter ago, it was expected that this ceiling and wall systems manufacturer would post earnings of $1.30 per share when it actually produced earnings of $1.60, delivering a surprise of 23.08%.O ...

LANCASTER, Pa.--(BUSINESS WIRE)--Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions in the Americas, today reported record-setting fourth-quarter and full-year 2023 financial results with steady sales growth and improved adjusted EBITDA margins across both the Mineral Fiber and Architectural Specialties segments. “We delivered record fourth quarter net sales and adjusted EBITDA results, highlighted by adjusted EBITDA margin expans ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to _________ Commission File Number 1-2116 ARMSTRONG WORLD INDUSTRIES, INC. Registrant's telephone number, including area code (717) 397-0611 Securities registered ...

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]