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Armstrong World Industries (AWI) Q3 Earnings and Revenues Top Estimates
ZACKS· 2024-10-29 12:11
Armstrong World Industries (AWI) came out with quarterly earnings of $1.81 per share, beating the Zacks Consensus Estimate of $1.75 per share. This compares to earnings of $1.60 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 3.43%. A quarter ago, it was expected that this ceiling and wall systems manufacturer would post earnings of $1.53 per share when it actually produced earnings of $1.62, delivering a surprise of 5.88%. O ...
Armstrong World Industries(AWI) - 2024 Q3 - Quarterly Report
2024-10-29 11:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.01 par value per share AWI New York Stock Exchange FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...
Armstrong World Industries(AWI) - 2024 Q3 - Quarterly Results
2024-10-29 10:01
Armstrong world Industries Exhibit 99.1 Armstrong World Industries Reports Third-Quarter 2024 Results • Record setting quarterly net sales of $387 million, an increase of 11% • Operating income increased 11% and diluted net earnings per share increased 12% • Adjusted EBITDA up 11% and adjusted diluted net earnings per share up 13% • Raising full-year 2024 guidance for adjusted EBITDA, adjusted diluted net earnings per share and adjusted free cash flow (Comparisons above are versus the prior-year period unle ...
Armstrong World Cheers Investors With 10% Dividend Hike
ZACKS· 2024-10-24 18:00
Armstrong World Industries, Inc. (AWI) announced a hike of 10% in its quarterly cash dividend.This leading global producer of ceiling systems raised the quarterly dividend payout to 30.8 cents per share from 28 cents. The amount will be paid out on Nov. 21, 2024, to shareholders of record as of Nov. 7. Based on the closing price of $138.18 per share on Oct. 23, 2024, the stock has a dividend yield of 0.89%.AWI has been boosting shareholder value through regular dividend payments since December 2018. This ma ...
Armstrong World Industries: Growth Soars Amid Uncertainty
Seeking Alpha· 2024-09-08 09:17
FangXiaNuo Synopsis Armstrong World Industries (NYSE:AWI) is a leading provider of ceiling and wall solutions across the Americas, serving both commercial and residential construction and renovation markets. It has demonstrated a strong track record of consistent revenue growth and maintains robust profitability margins. Strategic acquisitions and organic growth from a mix of large, medium, and small projects, with major contributions from large airport projects like Pittsburgh and Seattle, have driven ...
Armstrong World Stock Rises 26% YTD: What's Next for Investors?
ZACKS· 2024-09-05 15:40
Armstrong World Industries, Inc.’s (AWI) shares have gained 26% so far this year, outperforming the Zacks Building Products - Miscellaneous industry’s 12.3% growth and the Zacks Construction sector’s 14.6% increase.This leading global producer of ceiling systems has been making the most from increased sales of innovative digital platforms such as ProjectWorks and Canopy, moderation of input costs, the acquisitions of 3form and BOK Modern and large federally funded transportation projects. The company’s focu ...
5 Building Products Stocks Riding the Industry Wave
ZACKS· 2024-08-22 18:06
Increased government infrastructure spending is bolstering companies in the Zacks Building Products - Miscellaneous industry. Although potential challenges like macroeconomic uncertainties, high rates, low consumer confidence, new product investments, and rising raw material costs could squeeze margins, firms such as Advanced Drainage Systems, Inc. (WMS) , Armstrong World Industries, Inc. (AWI) , Frontdoor, Inc. (FTDR) , Construction Partners, Inc. (ROAD) and Latham Group, Inc. (SWIM) stand to gain from ope ...
Why Armstrong World Industries (AWI) is a Top Momentum Stock for the Long-Term
ZACKS· 2024-08-06 14:51
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Styl ...
Armstrong World Industries (AWI) Is Up 8.58% in One Week: What You Should Know
ZACKS· 2024-08-02 17:01
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...
Armstrong World (AWI) Q2 Earnings & Net Sales Beat, View Up
ZACKS· 2024-07-31 15:35
Armstrong World Industries, Inc. (AWI) reported solid results for second-quarter 2024, wherein earnings and net sales topped the Zacks Consensus Estimate and increased on a year-over-year basis. Following the results, shares of this international designer and manufacturer of wall and ceiling building materials grew 1.1% on Jul 30.The company’s growth trend was backed by solid contributions from the Mineral Fiber as well as Architectural Specialties segments. Growth was attributable to the increase in averag ...