Armstrong World (AWI) to Report Q4 Earnings: What to Expect?

Core Viewpoint - Armstrong World Industries, Inc. (AWI) is expected to report its fourth-quarter 2023 results on February 20, with earnings anticipated to decline year-over-year while net sales are projected to increase slightly [1][2]. Revenue Summary - The Zacks Consensus Estimate for fourth-quarter net sales is $307.9 million, reflecting a 1.1% increase from the previous year's figure [2]. - The Mineral Fiber segment, which accounted for 71.9% of third-quarter 2023 revenues, is expected to generate sales of $216 million, indicating flat year-over-year growth [3]. - The Architectural Specialties segment, representing 28.1% of total revenues, is projected to achieve sales of $91.7 million, a 3.6% increase from the prior year [4]. Earnings Summary - The earnings per share estimate for the fourth quarter remains at $1.03, down 4.6% from $1.08 in the same quarter last year [2]. - Total adjusted operating income is expected to be $66.4 million, a decline of 6.4% from $71 million year-over-year [5]. - Selling, general, and administrative (SG&A) expenses are projected to rise by 3.1% to $60.9 million, contributing to the anticipated decline in earnings [5]. Earnings Prediction - The company has a positive Earnings ESP of +2.66%, indicating a potential earnings beat [6][7]. - Armstrong World currently holds a Zacks Rank of 2 (Buy), which enhances the likelihood of exceeding earnings expectations [7].