Armstrong World Industries Reports Record-Setting First-Quarter 2025 Results Exhibit 99.1 (Comparisons above are versus the prior-year period unless otherwise stated) LANCASTER, Pa., April 29, 2025 -- Armstrong World Industries, Inc. (NYSE:AWI), an Americas leader in the design and manufacture of innovative interior and exterior architectural applications including ceilings, specialty walls and exterior metal solutions, today reported first-quarter 2025 financial results highlighted by strong net sales and ...

Core Viewpoint - Armstrong World Industries (AWI) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, supported by a strong history of surpassing expectations [1][6]. Group 1: Earnings Performance - Armstrong World Industries has consistently exceeded earnings estimates, averaging a 6.46% beat over the last two quarters [2]. - In the last reported quarter, the company achieved earnings of $1.50 per share, surpassing the Zacks Consensus Estimate of $1.37 per share by 9.49% [3]. - For the previous quarter, the company reported earnings of $1.81 per share against an expectation of $1.75 per share, resulting in a surprise of 3.43% [3]. Group 2: Earnings Estimates and Predictions - Recent changes in earnings estimates for Armstrong World Industries have been favorable, with a positive Earnings ESP (Expected Surprise Prediction) indicating potential for another earnings beat [6][9]. - The current Earnings ESP for the company stands at +4.04%, reflecting increased analyst optimism regarding its near-term earnings potential [9]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings surprise, with historical data indicating that nearly 70% of stocks with this combination beat consensus estimates [7][9].

Group 1 - Investors in Armstrong World Industries, Inc. (AWI) should monitor stock movements due to high implied volatility in the options market, particularly the June 20, 2025 $90 Call option [1] - Implied volatility indicates the market's expectation of future stock movement, suggesting potential significant price changes or upcoming events that could impact the stock [2] - Armstrong World Industries currently holds a Zacks Rank 3 (Hold) in the Building Products – Miscellaneous industry, which is in the bottom 33% of the Zacks Industry Rank [3] Group 2 - Recent analyst activity shows mixed earnings estimates for Armstrong World Industries, with one analyst increasing estimates and two decreasing them, resulting in a consensus estimate drop from $1.57 to $1.55 per share [3] - The high implied volatility may indicate a developing trade opportunity, as options traders often seek to sell premium on options with high implied volatility, hoping the stock does not move as much as expected at expiration [4]

Core Insights - Armstrong World Industries, Inc. (AWI) is experiencing positive prospects due to strategic inorganic efforts, digital initiatives, and new product innovation [1] - The company maintains a balanced capital allocation approach, effectively using free cash to reward shareholders while investing in business growth [1][8] Inorganic Growth Strategy - AWI follows a systematic inorganic strategy that includes buyouts and profitable partnerships to enhance its portfolio [3] - In December 2024, AWI acquired A. Zahner Company, a designer and manufacturer of exterior metal architectural solutions, and in April 2024, it acquired 3form, LLC, a designer and manufacturer of architectural resin and glass products [4][5] Digital Advancements - Continuous investments in digital initiatives, such as Healthy Spaces and Project Works, are enhancing AWI's project win growth, with nearly double the number of projects received in 2024 [6][7] - The focus on digital advancements aims to support average unit volume (AUV) and volume growth by reaching markets not served by traditional channels [7] Capital Allocation and Shareholder Returns - AWI employs efficient capital allocation strategies to deliver shareholder returns while investing in growth initiatives [8] - On October 23, 2024, the company announced a 10% increase in its quarterly cash dividend to 30.8 cents per share, marking its sixth consecutive year of dividend increments [9]

Core Viewpoint - Armstrong World Industries, Inc. (AWI) reported strong fourth-quarter 2024 results, with earnings and net sales exceeding expectations and showing year-over-year growth [1][5]. Financial Performance - Adjusted EPS for the quarter was $1.50, surpassing the Zacks Consensus Estimate of $1.37 by 9.5%, and grew 23% year-over-year from $1.22 [5]. - Net sales reached $367.7 million, exceeding the consensus mark of $350.1 million by 5% and increasing 17.7% year-over-year [5]. - Adjusted EBITDA rose 14% from the previous year to $112 million, although the adjusted EBITDA margin contracted by 100 basis points to 30.4% [6]. Segment Performance - **Mineral Fiber Segment**: Net sales grew 8.1% year-over-year to $238.2 million, driven by a favorable average unit value (AUV) of $20 million, despite a $2 million decline in sales volume [7]. - **Architectural Specialties Segment**: Net sales surged 40.8% year-over-year to $129.5 million, bolstered by a $25 million contribution from recent acquisitions [9]. Annual Highlights - For the full year 2024, AWI reported net sales of $1.4 billion, an 11.6% increase from $1.3 billion in 2023 [11]. - Adjusted earnings for the year were $6.31 per share, up from $5.32 in 2023 [11]. - Adjusted EBITDA for the year increased 13.1% to $486 million, with an adjusted EBITDA margin of 33.6% [12]. Cash Flow and Share Repurchase - As of December 31, 2024, AWI had cash and cash equivalents of $79.3 million, up from $70.8 million at the end of 2023 [13]. - Adjusted free cash flow for the fourth quarter was $86 million, an increase from $68 million in the same quarter of the previous year [13]. - The company repurchased 0.1 million shares for $15 million during the quarter, with $662 million remaining under the current share repurchase program [14]. 2025 Guidance - AWI anticipates net sales between $1,570 million and $1,610 million, indicating a 9-11% increase from the previous year [15]. - Adjusted EBITDA is expected to be between $525 million and $545 million, reflecting an 8-12% year-over-year rise [16]. - The company projects adjusted earnings per share to be between $6.85 and $7.15, implying growth of 9-13% from 2024 [16].

Financial Data and Key Metrics Changes - For the full year 2024, net sales increased nearly 12% from 2023 results, adjusted EBITDA grew 13%, and adjusted diluted earnings per share were up 19% [8][30] - Adjusted free cash flow rose 13%, representing 21% of net sales and 61% of adjusted EBITDA [30][32] - Total company adjusted EBITDA margin compressed 100 basis points due to recent acquisitions, but excluding these, the margin expanded 40 basis points [28][30] Business Line Data and Key Metrics Changes - Mineral Fiber segment achieved approximately 6% net sales growth and 11% adjusted EBITDA growth, with adjusted EBITDA margin expanding by more than 200 basis points [10] - Architectural Specialties segment generated year-over-year net sales growth of 27% and adjusted EBITDA growth of 24%, with organic sales growth of 15% [10][25] - Mineral Fiber segment adjusted EBITDA margin finished above 41% for the full year, while Architectural Specialties segment adjusted EBITDA margin expanded 40 basis points to approximately 19% [27][29] Market Data and Key Metrics Changes - New construction starts were positive throughout 2024, particularly in education, transportation, and data centers, contributing positively to market conditions [41][42] - Discretionary renovation activity has been weak due to uncertainty around tariffs and policy changes, impacting overall market dynamics [66][70] Company Strategy and Development Direction - The company aims to leverage recent acquisitions to expand its addressable market, particularly in the architectural specialty segment, which now exceeds $2.5 billion [18][115] - Focus on energy-saving solutions, such as the Temploc technology, is expected to drive future growth and innovation [47][128] - The company plans to continue executing its growth initiatives while navigating uncertain market conditions, emphasizing the importance of innovation and customer needs [44][51] Management's Comments on Operating Environment and Future Outlook - Management anticipates a choppy market in 2025, with flattish mineral fiber volume growth expected [34][41] - The company remains optimistic about new construction as a tailwind for growth, despite ongoing uncertainty in discretionary renovation [70][72] - Management highlighted the importance of energy-saving solutions and the potential for Temploc to significantly impact market adoption and growth [49][127] Other Important Information - The company completed the acquisition of Zaynor for $46 million, which is expected to enhance its capabilities in exterior architectural metal applications [33][115] - The company has $662 million remaining under its share repurchase authorization, indicating a strong commitment to returning cash to shareholders [33] Q&A Session Summary Question: Can you discuss the new products and their impact on AUV growth? - Management noted that initiatives like the Canopy platform and ProjectWorks have contributed positively to AUV growth, with Canopy's AUV nearly double that of mineral fiber [60][62] Question: What is the outlook for discretionary renovation activity? - Management indicated that discretionary renovation has been weak due to uncertainty, but new construction is expected to be a tailwind moving forward [70][72] Question: How should quarterly cadence be modeled for 2025? - Management expects softer performance in the first half of 2025, with a more favorable outlook in the second half as market conditions stabilize [77] Question: What end-user market is expected to be the strongest? - Management highlighted transportation and data centers as key growth areas, along with healthcare and education [90][91] Question: How will tariffs on steel and aluminum impact WAVE earnings? - Management stated that the impact from tariffs is limited, with mitigation plans in place to minimize overall effects [97][101] Question: What is the expected market size for Temploc? - Management indicated that Temploc represents a significant market opportunity, with potential for widespread adoption in the renovation sector [127]

4th Quarter and Full Year 2024 Earnings Presentation February 25, 2025 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 "anticipate," "estim ...

For the quarter ended December 2024, Armstrong World Industries (AWI) reported revenue of $367.7 million, up 17.7% over the same period last year. EPS came in at $1.50, compared to $1.22 in the year-ago quarter.The reported revenue represents a surprise of +5.01% over the Zacks Consensus Estimate of $350.14 million. With the consensus EPS estimate being $1.37, the EPS surprise was +9.49%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare ...

Armstrong World Industries (AWI) came out with quarterly earnings of $1.50 per share, beating the Zacks Consensus Estimate of $1.37 per share. This compares to earnings of $1.22 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.49%. A quarter ago, it was expected that this ceiling and wall systems manufacturer would post earnings of $1.75 per share when it actually produced earnings of $1.81, delivering a surprise of 3.43%.Ove ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 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, INC. (Exact name of registrant as specified in its charter) | Pennsylvania 23-0366390 | | | ...