Grizzle said 2025 was the company’s second consecutive year of double-digit growth and its fifth consecutive year of net sales and earnings growth. CFO Chris Calzaretta added that the full-year results reflected multiple drivers, including contributions from architectural specialties acquisitions, market penetration in architectural specialties, growth initiatives, strong average unit value (AUV) performance, productivity gains, and “healthy” equity earnings from the WAVE joint venture.CEO Vic Grizzle opene ...

Core Insights - The London Company Small Cap Strategy reported a 1.9% appreciation in its small-cap portfolio for Q3 2025, underperforming the Russell 2000 Index which gained 12.4% [1] - The investor letter highlighted Armstrong World Industries, Inc. (NYSE:AWI) as a key stock, noting its strong performance and market position [2][3] Company Performance - Armstrong World Industries, Inc. (NYSE:AWI) had a one-month return of -2.27% but a significant 30.09% increase over the last 52 weeks, closing at $192.58 per share with a market capitalization of $8.306 billion on November 3, 2025 [2] - The company outperformed expectations in Q3 2025 due to better-than-expected volumes, strong operating leverage, and favorable positioning in key verticals [3] Hedge Fund Interest - Armstrong World Industries, Inc. was held by 38 hedge fund portfolios at the end of Q2 2025, a decrease from 41 in the previous quarter, indicating a slight decline in hedge fund interest [4] - Despite its potential, the company is not among the 30 most popular stocks among hedge funds, with some analysts suggesting that certain AI stocks may offer greater upside potential [4] Contribution to Performance - Armstrong World Industries, Inc. contributed positively to The London Company's performance in the previous quarter, reflecting its ongoing importance in the investment strategy [5]