Company Overview - Armstrong World Industries, Inc. (AWI) is positioned favorably within the Building Products – Miscellaneous sector, showing solid earnings estimate revision activity [1][2] - The company has experienced a rise in earnings estimates, with current quarter estimates increasing from $1.15 to $1.20 per share and current year estimates rising from $5.52 to $5.65 per share [2] Industry Analysis - The Building Products - Miscellaneous industry has a Zacks Industry Rank of 15 out of over 250 industries, indicating strong overall performance compared to other sectors [1] - The positive trends in the industry suggest that a rising tide may benefit multiple companies within this segment, enhancing investment opportunities [1] Investment Potential - Armstrong World has earned a Zacks Rank 2 (Buy), reflecting analysts' increasing bullish sentiment regarding the company's short and long-term prospects [2] - The combination of a strong industry ranking and solid estimate revisions positions Armstrong World as an attractive investment choice for those seeking opportunities in this sector [2]

Company Overview - Armstrong World Industries, Inc. (AWI) is a leader in the design and manufacture of innovative ceiling and wall system solutions in the Americas [2] - The company reported $1.3 billion in revenue for 2023 and has approximately 3,100 employees [2] - AWI operates a manufacturing network consisting of 16 facilities, along with seven facilities dedicated to its WAVE joint venture [2] Upcoming Events - The President & CEO Vic Grizzle and SVP & CFO Chris Calzaretta will host virtual investor meetings at the 5th Annual Loop Investor Conference on March 11, 2024 [1] - An updated Investor Presentation has been published and is available on the company's Investor Relations website [1]

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 ...