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 ...

Dividend Increase and Shareholder Value - Armstrong World Industries, Inc. (AWI) announced a 10% increase in its quarterly cash dividend, raising it to 30.8 cents per share from 28 cents, to be paid on Nov. 21, 2024 [1] - The company has consistently increased its cash dividend for six consecutive years, enhancing shareholder value through regular payments since December 2018 [1][2] - AWI has returned over $1 billion to investors via dividends and share repurchases from 2016 through 2023, with an authorization to purchase up to $1.7 billion of its outstanding shares through December 2026 [3] Financial Performance - As of the second quarter, AWI had cash and cash equivalents of $73.6 million, an increase from $70.8 million at the end of 2023, while long-term debt rose to $621.5 million from $564.3 million [2] - The company is projected to report earnings of $1.75 per share for the third quarter, reflecting a growth of 9.4% from the previous year's figure of $1.60, with net sales estimated at $385.7 million, indicating an 11.1% increase [5] Digital and Technology Initiatives - AWI's ProjectWorks and Canopy platforms are central to its growth initiatives, with Canopy experiencing a 20% increase in sales year-over-year in Q2 2024, and ProjectWorks seeing a 52% rise in quoted project values in the first half of 2024 [4] - The company is focusing on innovation in energy-efficient and digital solutions, positioning itself well for future growth amid broader market uncertainties [4] Stock Performance - Armstrong World's shares have increased by 40.6% year-to-date, outperforming the Zacks Building Products - Miscellaneous industry, which grew by 21.3% [5]

Core Viewpoint - Armstrong World Industries (AWI) is a leading provider of ceiling and wall solutions in the Americas, showing consistent revenue growth and strong profitability margins, with a modestly upgraded outlook for the second half of the year driven by steady demand in key sectors [2][12] Financial Performance - AWI reported record net revenue of $1.29 billion in FY23, reflecting a year-over-year growth of approximately 5%, driven by improved average unit value and stronger sales volume [4] - In Q2, net revenue increased by 12.2% year-over-year, from $325.4 million to $365.1 million, with operating income rising by 9.2% [6] - Adjusted EBITDA margins improved from 31.2% in FY22 to 33.2% in FY23, while adjusted earnings margins also increased from 17.8% to 18.4% [5] Business Segments - AWI operates primarily in two segments: Mineral Fiber and Architectural Specialties, with the Mineral Fiber segment accounting for the majority of sales [7] - The Architectural Specialties segment grew by 26% year-over-year, significantly boosted by strategic acquisitions like BOK Modern and 3form [10] Growth Opportunities - The company is tracking approximately 100 data center projects, indicating rapid growth in this area, alongside strong performance in healthcare, education, and transportation sectors [9] - The acquisition of Data Centre Resources, LLC enhances AWI's capabilities in the data center market, addressing operational efficiencies and construction challenges [9] Relative Valuation - AWI's forward revenue growth rate of 7.18% significantly outperforms the peers' median of 1.54%, and its EBITDA margin of 17.92% exceeds the peers' median of 7.27% [11] - The forward non-GAAP P/E ratio for AWI is 20.35x, justifying a premium valuation compared to peers [11]

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 ...

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