Armstrong World Industries, Inc., together with its subsidiaries, designs, manufactures, and sells ceiling systems primarily for use in the construction and renovation of residential and commercial buildings in the United States, Canada, and Latin America. The company operates through Mineral Fiber and Architectural Specialties segments. The company produces suspended mineral fiber, soft fiber, fiberglass wool, and metal ceiling systems, as well as wood, wood fiber, glass-reinforced-gypsum, and felt ceiling and wall systems; ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems; ceilings and walls for use in commercial settings; and acoustical controls and architectural cast ceilings, walls, facades, columns, and moldings solutions. It sells its commercial ceiling and architectural specialties products to resale distributors and ceiling system contractors; and residential ceiling products to wholesalers and retailers, such as large home centers. The company was incorporated in 1891 and is headquartered in Lancaster, Pennsylvania.
IPO Year:
Exchange: NYSE
Website: armstrongceilings.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/4/2024 | $75.00 → $103.00 | Sell → Neutral | UBS |
| 3/21/2023 | $91.00 → $77.00 | Buy → Hold | Deutsche Bank |
| 1/13/2023 | $84.00 → $80.00 | Underperform → In-line | Evercore ISI |
| 1/5/2023 | $75.00 | Buy → Hold | Loop Capital |
| 12/14/2022 | $95.00 → $71.00 | Buy → Hold | Jefferies |
| 8/18/2022 | $125.00 | Buy | Deutsche Bank |
| 7/13/2022 | $93.00 | Neutral → Buy | Goldman |
| 6/15/2022 | $95.00 | Hold → Buy | Loop Capital |
| 4/5/2022 | $120.00 | Outperform | Credit Suisse |
| 3/21/2022 | $111.00 | Hold → Buy | Jefferies |
UBS upgraded Armstrong World Industries from Sell to Neutral and set a new price target of $103.00 from $75.00 previously
Deutsche Bank downgraded Armstrong World Industries from Buy to Hold and set a new price target of $77.00 from $91.00 previously
Evercore ISI upgraded Armstrong World Industries from Underperform to In-line and set a new price target of $80.00 from $84.00 previously
Loop Capital downgraded Armstrong World Industries from Buy to Hold and set a new price target of $75.00
Jefferies downgraded Armstrong World Industries from Buy to Hold and set a new price target of $71.00 from $95.00 previously
Deutsche Bank initiated coverage of Armstrong World Industries with a rating of Buy and set a new price target of $125.00
Goldman upgraded Armstrong World Industries from Neutral to Buy and set a new price target of $93.00
Loop Capital upgraded Armstrong World Industries from Hold to Buy and set a new price target of $95.00
Credit Suisse initiated coverage of Armstrong World Industries with a rating of Outperform and set a new price target of $120.00
Jefferies upgraded Armstrong World Industries from Hold to Buy and set a new price target of $111.00
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Armstrong World Industries. Inc. (NYSE:AWI), a leader in the innovation and manufacture of ceiling and wall solutions, announced today that it has acquired 3form, LLC. Based in Salt Lake City, Utah, 3form is a leading designer and manufacturer of sustainably crafted architectural resins and glass for ceilings, walls and other interior applications. Its products and design solutions use form, texture, light and color to transform spaces. "We are delighted to welcome 3form to the Armstrong family and to expand our portfolio of highly specifiable ceiling and wall solutions with new translucent materials," said Vic Grizzle, President and CEO, Armstrong World Industries. "3form is a well-estab
NEW YORK, Dec. 1, 2023 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, December 18, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from t
LANCASTER, Pa., July 21, 2022 (GLOBE NEWSWIRE) -- Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions, today announced the appointment of William H. Osborne to its Board of Directors. With his addition, the board of directors expands to nine members. Osborne brings deep and relevant experience to the Armstrong board with over 35 years of progressive leadership experience in manufacturing, operational excellence, supply chain, environment, health and safety at a range of global manufacturing companies. Currently, he serves as senior vice president of Total Quality and Operations for Boeing Defense, Space & Security,
LANCASTER, Pa., June 14, 2022 (GLOBE NEWSWIRE) -- Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions, today announced the appointment of Christopher P. Calzaretta to succeed Brian MacNeal as its next chief financial officer (CFO) effective Aug. 1, 2022. As CFO, Calzaretta will oversee the company's finance organization, including accounting and reporting, treasury, internal audit, tax and investor relations, and will report to Vic Grizzle, AWI president and chief executive officer. "The success of our growth strategy relies on strong execution and commitment to value creation. With that in mind, I am delighted to
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Armstrong World Industries, Inc. (AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions, has been named one of America's Greenest Companies by Newsweek for 2025. President and Chief Executive Officer Vic Grizzle said, "We are proud to be recognized as one of America's Greenest Companies. This honor reflects our commitment to sustainability and our focus on innovative products, including our new Templok® Energy Saving Ceilings and Ultima® Low Embodied Carbon ceiling panels, which aim to reduce energy consumption and carbon emissions generated by the construction and operations of buildings. At AWI, we believe that sustainable practices are integral to our bu
Record setting quarterly net sales of $387 million, an increase of 11% Operating income increased 11% and diluted net earnings per share increased 12% Adjusted EBITDA up 11% and adjusted diluted net earnings per share up 13% Raising full-year 2024 guidance for adjusted EBITDA, adjusted diluted net earnings per share and adjusted free cash flow (Comparisons above are versus the prior-year period unless otherwise stated) Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions in the Americas, today reported third-quarter 2024 financial results highlighted by robust sales and earnings growth. "With another quarter
Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions, announced today that its Board of Directors has approved a 10% increase in the company's quarterly cash dividend to $0.308 per share of common stock. The dividend will be paid on November 21, 2024, to stockholders of record as of the close of business on November 7, 2024. "This announcement marks the sixth consecutive annual increase since we initiated our dividend program in 2018. This growth reflects our ability to generate free cash flow as well as the Board of Director's continued confidence in our long-term growth strategy," said AWI Senior Vice President and
Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions in the Americas, will release its third-quarter 2024 results before the market opens on Tuesday, Oct. 29 and host a conference call to discuss these results at 10:00 a.m. ET. A live webcast of the conference call and the accompanying presentation will be available on the Investor Relations page at ArmstrongWorldIndustries.com. Attendees who will not be asking a question during the call are encouraged to connect to the live webcast using the Listen Only link below. Those wishing to participate by telephone must register prior to the event using the participant call
Armstrong World Industries. Inc. (NYSE:AWI) and Worthington Enterprises (NYSE:WOR) announced today that their Worthington Armstrong joint venture (WAVE) has acquired all of the assets of Amherst, NY-based Data Center Resources, LLC (DCR) related to the design and manufacture of customizable, modular aisle containment solutions for data centers, under the Cool Shield brand. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240801526149/en/ "We are excited to expand our design and manufacturing capabilities for the data center market with this acquisition," said WAVE President and CEO Doug Cadle. "Cool Shield is a trusted and specifi
Net sales up 12% on solid Mineral Fiber AUV growth and Architectural Specialties' acquisitions Operating income increased 9% and diluted net earnings per share increased 12% Adjusted EBITDA up 13% and adjusted diluted net earnings per share up 17% Raising full-year 2024 guidance (All comparisons versus the prior year period unless otherwise stated) Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions in the Americas, today reported record second-quarter 2024 financial results highlighted by strong sales and earnings growth. "With double digit net sales growth and record earnings, our second-quarter res
Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions, announced today that its Board of Directors has declared a cash dividend of $0.28 per share of common stock. The dividend will be paid on August 22, 2024, to stockholders of record as of the close of business on August 8, 2024. The declaration and payment of future dividends and capital allocations will be at the discretion of the Board of Directors and will be dependent upon, among other things, the company's financial position, results of operations and cash flow. About Armstrong Armstrong World Industries, Inc. (AWI) is a leader in the design and manufactur
Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions in the Americas, will release its second-quarter 2024 results before the market opens on Tuesday, July 30 and host a conference call to discuss these results at 10:00 a.m. ET. A live webcast of the conference call and the accompanying presentation will be available on the Investor Relations page at ArmstrongWorldIndustries.com. Attendees who will not be asking a question during the call are encouraged to connect to the live webcast using the Listen Only link below. Those wishing to participate by telephone must register prior to the event using the participant ca
Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions, has been named one of the Best Companies to Work For in Manufacturing by U.S. News & World Report for the second consecutive year. "Being recognized as one of the best companies to work for by U.S. News and World Report for the second year in a row validates our efforts to create a workplace where employees can thrive," President and Chief Executive Officer Vic Grizzle said. "This achievement reflects our efforts to foster teamwork and mutual respect while promoting inclusivity and well-being, so our people can be the best they can be. Our people are indeed our mo
BALTIMORE, June 11, 2024 (GLOBE NEWSWIRE) -- Lawsuits have been filed alleging that a number of large corporate employers have offloaded billions of dollars in pension obligations to Athene Annuity and Life Company and/or Athene Annuity & Life Assurance Company of New York, subsidiaries of Athene Holding Ltd. (collectively, "Athene") in violation of ERISA. In addition to AT&T Inc., Lockheed Martin Corporation, and Alcoa Corporation, against which lawsuits have already been filed, according to SEC filings and/or Athene's public statements, Bristol-Myers Squibb Company (NYSE:BMY), Armstrong World Industries, Inc. (NYSE:AWI), ATI, Inc. (NYSE:ATI), Weyerhaeuser Company (NYSE:WY), and General E
Record setting quarterly net sales of $387 million, an increase of 11% Operating income increased 11% and diluted net earnings per share increased 12% Adjusted EBITDA up 11% and adjusted diluted net earnings per share up 13% Raising full-year 2024 guidance for adjusted EBITDA, adjusted diluted net earnings per share and adjusted free cash flow (Comparisons above are versus the prior-year period unless otherwise stated) Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions in the Americas, today reported third-quarter 2024 financial results highlighted by robust sales and earnings growth. "With another quarter
Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions, announced today that its Board of Directors has approved a 10% increase in the company's quarterly cash dividend to $0.308 per share of common stock. The dividend will be paid on November 21, 2024, to stockholders of record as of the close of business on November 7, 2024. "This announcement marks the sixth consecutive annual increase since we initiated our dividend program in 2018. This growth reflects our ability to generate free cash flow as well as the Board of Director's continued confidence in our long-term growth strategy," said AWI Senior Vice President and
Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions in the Americas, will release its third-quarter 2024 results before the market opens on Tuesday, Oct. 29 and host a conference call to discuss these results at 10:00 a.m. ET. A live webcast of the conference call and the accompanying presentation will be available on the Investor Relations page at ArmstrongWorldIndustries.com. Attendees who will not be asking a question during the call are encouraged to connect to the live webcast using the Listen Only link below. Those wishing to participate by telephone must register prior to the event using the participant call
Net sales up 12% on solid Mineral Fiber AUV growth and Architectural Specialties' acquisitions Operating income increased 9% and diluted net earnings per share increased 12% Adjusted EBITDA up 13% and adjusted diluted net earnings per share up 17% Raising full-year 2024 guidance (All comparisons versus the prior year period unless otherwise stated) Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions in the Americas, today reported record second-quarter 2024 financial results highlighted by strong sales and earnings growth. "With double digit net sales growth and record earnings, our second-quarter res
Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions, announced today that its Board of Directors has declared a cash dividend of $0.28 per share of common stock. The dividend will be paid on August 22, 2024, to stockholders of record as of the close of business on August 8, 2024. The declaration and payment of future dividends and capital allocations will be at the discretion of the Board of Directors and will be dependent upon, among other things, the company's financial position, results of operations and cash flow. About Armstrong Armstrong World Industries, Inc. (AWI) is a leader in the design and manufactur
Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions in the Americas, will release its second-quarter 2024 results before the market opens on Tuesday, July 30 and host a conference call to discuss these results at 10:00 a.m. ET. A live webcast of the conference call and the accompanying presentation will be available on the Investor Relations page at ArmstrongWorldIndustries.com. Attendees who will not be asking a question during the call are encouraged to connect to the live webcast using the Listen Only link below. Those wishing to participate by telephone must register prior to the event using the participant ca
Net sales up 5% with mid-single digit growth in both Mineral Fiber and Architectural Specialties segments versus the prior-year period Operating income increased 23% and diluted net earnings per share increased 31% versus the prior-year period Adjusted EBITDA up 16% and adjusted diluted net earnings per share up 23% versus the prior-year period Recently announced acquisition of 3form, LLC to expand Architectural Specialties portfolio Raising full-year 2024 guidance Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions in the Americas, today reported record first-quarter 2024 financial results highlighted
Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions, announced today that its Board of Directors has declared a cash dividend of $0.28 per share of common stock. The dividend will be paid on May 23, 2024, to stockholders of record as of the close of business on May 9, 2024. The declaration and payment of future dividends and capital allocations will be at the discretion of the Board of Directors and will be dependent upon, among other things, the company's financial position, results of operations and cash flow. About Armstrong Armstrong World Industries, Inc. (AWI) is a leader in the design and manufacture of i
Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions in the Americas, will release its first-quarter 2024 results before the market opens on Tuesday, April 30 and host a conference call to discuss these results at 11:00 a.m. ET. A live webcast of the conference call and the accompanying presentation will be available on the Investor Relations page at ArmstrongWorldIndustries.com. Attendees who will not be asking a question during the call are encouraged to connect to the live webcast using the Listen Only link below. Those wishing to participate by telephone must register prior to the event using the participant ca
Fourth-Quarter 2023 Results† Net sales up 3% with better-than-expected Mineral Fiber volumes Operating income declined 6% primarily due to acquisition-related expenses, while adjusted operating income increased 5% Diluted earnings per share from continuing operations down 1% primarily due to acquisition-related expenses Adjusted EBITDA up 7% and adjusted diluted earnings per share up 13% Full-Year 2023 Results† Net sales up 5% on strong average unit value ("AUV") performance Operating income up 16% and adjusted operating income increased 13% Diluted earnings per share from continuing operations up 16% Adjusted EBITDA up 12% and adjusted diluted earnings per share
Armstrong World Indus (NYSE:AWI) underwent analysis by 4 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 0 2 0 0 Last 30D 0 0 2 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 2 0 0 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $126.0, along with a high estimate of $132.00 and a low estimate of $119.00. Observing a 13.51% increase,
UBS analyst John Lovallo maintains Armstrong World Indus (NYSE:AWI) with a Neutral and raises the price target from $121 to $122.
Evercore ISI Group analyst Stephen Kim maintains Armstrong World Indus (NYSE:AWI) with a In-Line and raises the price target from $117 to $119.
Armstrong World Indus (NYSE:AWI) reported quarterly earnings of $1.38 per share which beat the analyst consensus estimate of $1.23 by 12.2 percent. The company reported quarterly sales of $326.300 million which beat the analyst consensus estimate of $319.434 million by 2.15 percent. This is a 5.19 percent increase over sales of $310.200 million the same period last year.
By the end of today, March 14, 2024, Armstrong World Indus (NYSE:AWI) is set to deliver a dividend payout of $0.28 per share, equating to an annualized dividend yield of 1.08%. The company's dividend payout went ex-dividend on February 28, 2024, so only the investors that owned the stock prior to the ex-dividend date will receive this payout. Armstrong World Indus Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a;
U.S. stocks were mostly lower, with the Nasdaq Composite falling more than 200 points on Tuesday. Shares of Walmart Inc. (NYSE:WMT) rose in today’s session after the company reported better-than-expected fourth-quarter financial results. Walmart reported fourth-quarter FY24 net sales growth of 5.7% year-over-year to $173.39 billion, beating the consensus of $170.71 billion. Adjusted EPS was $1.80, beating the consensus of $1.65. The board approved an annual cash dividend for fiscal year 2025 of 83 cents per share on a post-stock split basis or $2.49 per share on a pre-split basis, approximately a 9% increase from the $2.28 per share paid for the last fiscal year. Walmart shares gained 4
Companies Reporting Before The Bell • Barclays (NYSE:BCS) is likely to report quarterly earnings at $0.36 per share on revenue of $7.38 billion. • Fresenius Medical Care (NYSE:FMS) is projected to report quarterly earnings at $0.32 per share on revenue of $5.35 billion. • NexPoint Residential (NYSE:NXRT) is projected to report earnings for its fourth quarter. • Summit Therapeutics (NASDAQ:SMMT) is likely to report earnings for its fourth quarter. • Axsome Therapeutics (NASDAQ:AXSM) is projected to report quarterly loss at $1.15 per share on revenue of $67.69 million. • Gran Tierra Energy (AMEX:GTE) is expected to report quarterly loss at $0.13 per share on revenue of $60 thousand. • O