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 ...

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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 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 ...

Armstrong World Industries, Inc. (NYSE:AWI) Q2 2024 Earnings Conference Call July 30, 2024 10:00 AM ET Company Participants Theresa Womble - VP, IR and Corporate Communications Vic Grizzle - CEO Chris Calzaretta - CFO Conference Call Participants Susan Maklari - Goldman Sachs Keith Hughes - Truist Adam Baumgarten - Zelman & Associates Garik Shmois - Loop Capital Brian Biros - Thompson Research Group Philip Ng - Jefferies Rafe Jadrosich - Bank of America Stephen Kim - Evercore ISI Matt Johnson - UBS Operator ...

Armstrong World Industries (AWI) came out with quarterly earnings of $1.62 per share, beating the Zacks Consensus Estimate of $1.53 per share. This compares to earnings of $1.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.88%. A quarter ago, it was expected that this ceiling and wall systems manufacturer would post earnings of $1.21 per share when it actually produced earnings of $1.38, delivering a surprise of 14.05%.Ov ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 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 June 30, 2024 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 Exhibit 99.1 Armstrong World Industries Reports Second-Quarter 2024 Results • Net sales up 12% on solid Mineral Fiber AUV growth and Architectural Specialties' acquisitions • Operating income increased 9% and diluted net earnings per share increased 12% • Adjusted EBITDA up 13% and adjusted diluted net earnings per share up 17% • Raising full-year 2024 guidance (All comparisons versus the prior year period unless otherwise stated) LANCASTER, Pa., July 30, 2024 -- Armstrong World I ...

The Zacks Construction sector is expected to witness tepid growth this season thanks to the elevated mortgage rates as well as high material and labor costs.Per the latest Earnings Trends report, the latest earnings season has seen releases from approximately 46.2% of the total construction companies on the S&P 500 Index, capturing a total market cap of 55.4%. Of them, total earnings increased 7% from the year-ago period on 4.5% higher revenues, with 83.3% beating earnings per share (EPS) estimates and 50% ...

A month has gone by since the last earnings report for Armstrong World Industries (AWI) . Shares have added about 0.6% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Armstrong World Industries due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Armstrong World Q1 E ...