Armstrong World Industries(US:AWI)2026-02-24 12:01Employee Statistics - As of December 31, 2025, the company had approximately 3,800 employees, with a voluntary turnover rate of 8% for non-production employees and 12% for production employees[58]. - As of December 31, 2025, approximately 54% of the company's production employees in the U.S. were represented by labor unions[59]. Financial Liabilities and Interest Rates - The company reported liabilities for environmental matters of $4.1 million as of December 31, 2025, down from $4.6 million in 2024[67]. - The company has interest rate swaps outstanding with notional amounts totaling $325 million as of December 31, 2025, aimed at minimizing earnings fluctuations due to interest rate volatility[247]. - A hypothetical increase of 0.25% in SOFR interest rates would increase the company's 2026 interest expense by approximately $0.3 million[246]. - The average interest rate for variable rate principal payments scheduled for 2026 is 4.61%, with total variable rate principal payments amounting to $410.6 million[249]. Sustainability Initiatives - The company is committed to sustainability, focusing on reducing its carbon footprint and improving product circularity, which aligns with its growth strategy[53]. - The company has developed a mineral fiber ceilings recycling program to divert reclaimed ceiling tiles from landfills, anticipating increased demand for sustainable products[53]. Research and Development - The company engages in research and development activities to enhance product competitiveness and manufacturing processes[63]. Employee Health and Safety - The company maintains a focus on employee health and safety, aiming to eliminate workplace injuries and promote a culture of safety[60].