Armstrong World Industries(US:AWI)2024-10-29 14:07Q3 2024 Financial Performance - Net sales increased by 11% year-over-year (YoY) to $387 million[9] from $347 million[8] - Adjusted EBITDA increased by 11% YoY to $139 million[9] from $125 million[8] - Adjusted diluted earnings per share increased by 13% YoY to $1.81[9] from $1.60[8] - Adjusted EBITDA margin was 35.9%, similar to the prior year's 36.0%[8] Segment Performance - Mineral Fiber (MF) segment adjusted EBITDA increased by 8% YoY[10] - MF adjusted EBITDA margin expanded by 200 basis points to 43.9%[10], driven by strong Average Unit Value (AUV) and manufacturing productivity gains[10] - Architectural Specialties (AS) segment adjusted EBITDA increased by 27% YoY[10] - AS segment net sales increased by 32% YoY to $129 million[14] from $98 million[14] - Total AS adjusted EBITDA margin was 20.1%, including recent acquisitions[10] Full Year 2024 Guidance Update - Net sales are expected to be between $1,420 million and $1,435 million, representing a 9% to 11% YoY increase[22] - Adjusted EBITDA is expected to be between $482 million and $490 million, representing a 12% to 14% YoY increase[22] - Adjusted diluted EPS is expected to be between $6.15 and $6.25, representing a 16% to 17% YoY increase[22] - Adjusted free cash flow is expected to be between $290 million and $300 million, representing a 10% to 14% YoY increase[22]