Armstrong World (AWI) Q4 Earnings & Revenues Beat, Stock Up

Armstrong World Industries, Inc. (AWI) reported impressive results for fourth-quarter 2023, wherein earnings and net sales topped the Zacks Consensus Estimate and increased on a year-over-year basis.The company’s growth trend was backed by solid contributions from the Mineral Fiber as well as Architectural Specialties segments, despite soft market conditions. The growth was attributable to the increase in average unit value (AUV), driven by favorable pricing and volumes. Also, contributions from recent acqu ...