Core Viewpoint - Armstrong World Industries, Inc. (AWI) reported strong third-quarter 2024 results, with earnings and net sales exceeding expectations and showing year-over-year growth [1][4]. Financial Performance - Adjusted EPS was $1.81, surpassing the Zacks Consensus Estimate of $1.75 by 3.4%, and grew 13.1% year over year from $1.60 [4]. - Net sales reached $386.6 million, exceeding the consensus mark of $385.7 million by 0.2% and increasing 11.3% year over year [4]. - Adjusted EBITDA rose 11.2% from the previous year to $139 million, although the adjusted EBITDA margin contracted by 10 basis points to 35.9% [5]. Segment Performance - **Mineral Fiber Segment**: - Net sales grew 3.3% year over year to $258 million, driven by a 10% increase in average unit value (AUV) [6]. - Operating income increased 8.8% to $93 million, with an operating margin expansion of 180 basis points to 36% [7]. - **Architectural Specialties Segment**: - Net sales surged 31.8% year over year to $128.6 million, supported by a $25 million contribution from recent acquisitions [8]. - Operating income rose 23.9% to $19.2 million, with adjusted EBITDA growing 27.1% to $26 million [9]. Cash Flow and Share Repurchase - As of September 30, 2024, cash and cash equivalents were $73.7 million, up from $70.8 million at the end of 2023 [10]. - Net cash provided by operations was $97 million in the third quarter, compared to $83 million in the same period last year [10]. - The company repurchased 0.1 million shares for $15 million during the quarter, with $677 million remaining under the current share repurchase program [11]. 2024 Guidance Update - The company raised its 2024 net sales guidance to a range of $1,420-$1,435 million, reflecting a 10-11% increase from the previous year [13]. - Adjusted EBITDA is now projected to be between $482 million and $490 million, indicating a 12-14% growth from $430 million in 2023 [14]. - Adjusted EPS is expected to increase 16-17% year over year to a range of $6.15-$6.25 [15].

For the quarter ended September 2024, Armstrong World Industries (AWI) reported revenue of $386.6 million, up 11.3% over the same period last year. EPS came in at $1.81, compared to $1.60 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $385.7 million, representing a surprise of +0.23%. The company delivered an EPS surprise of +3.43%, with the consensus EPS estimate being $1.75.While investors scrutinize revenue and earnings changes year-over-year and how they compare ...

Armstrong® world Industries 3rd Quarter 2024 Earnings Presentation October 29, 2024 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, market and broader economic conditions and guidance. Those statements provide our future expectations or forecasts and can be identified by our use of words such as "antici ...

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 ...

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 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 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 ...

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 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 ...

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 ...