Group 1 - Armstrong World Industries (AWI) has shown a year-to-date return of 24.5%, outperforming the average gain of 6.1% in the Construction sector [2] - The Zacks Consensus Estimate for AWI's full-year earnings has increased by 5% in the past quarter, indicating improving analyst sentiment [2] - AWI is currently ranked 2 (Buy) in the Zacks Rank system, which evaluates stocks based on earnings estimates and revisions [1] Group 2 - Armstrong World Industries is part of the Building Products - Miscellaneous industry, which consists of 29 companies and is currently ranked 16 in the Zacks Industry Rank [3] - The Building Products - Miscellaneous industry has an average year-to-date gain of 9.7%, with AWI performing better than this average [3] - Acuity Brands (AYI), another stock in the Construction sector, has a year-to-date return of 19.5% and is ranked 1 (Strong Buy) in the Zacks Rank system [2][3]

Have you been paying attention to shares of Armstrong World Industries (AWI) ? Shares have been on the move with the stock up 24% over the past month. The stock hit a new 52-week high of $122.83 in the previous session. Armstrong World Industries has gained 24.5% since the start of the year compared to the 6.1% move for the Zacks Construction sector and the 9.7% return for the Zacks Building Products - Miscellaneous industry.What's Driving the Outperformance?The stock has a great record of positive earnings ...

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 ...

Employment and Workforce - The company had approximately 3,100 full-time and part-time employees as of December 31, 2023, with a voluntary turnover rate of about 8% for non-production employees and 11% for production employees [45]. - The executive leadership team included 33% gender diversity and 33% racial/ethnic diversity as of December 31, 2023 [48]. - The company has collective bargaining agreements covering approximately 470 employees at two U.S. plants that will expire during 2024 [45]. Financial Management - As of December 31, 2023, the company had interest rate swaps outstanding with notional amounts totaling $400 million to manage interest rate volatility [187]. - A hypothetical increase of 0.25% in SOFR interest rates would raise the company's 2024 interest expense by approximately $0.7 million [187]. - The average interest rate for variable rate principal payments is 3.31% as of December 31, 2023 [190]. Environmental and Sustainability Initiatives - The company reported liabilities for environmental matters of $0.5 million as of December 31, 2023 [53]. - The company is committed to sustainability, focusing on reducing greenhouse gas emissions and improving product circularity [42]. - The company’s sustainability program is organized around three pillars: People, Planet, and Product [40]. Innovation and Growth - The company has engaged in product innovation activities to enhance competitiveness and support growth [49].

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].