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 |
Net sales up 17% on benefits from 2024 acquisitions and strong Mineral Fiber Average Unit Value (AUV) growth Operating income increased 14% and diluted net earnings per share increased 16% Adjusted EBITDA up 16% and adjusted diluted net earnings per share up 20% Reaffirming 2025 guidance across all key metrics (Comparisons above are versus the prior-year period unless otherwise stated) Armstrong World Industries, Inc. (NYSE:AWI), an Americas leader in the design and manufacture of innovative interior and exterior architectural applications including ceilings, specialty walls and exterior metal solutions, today reported first-quarter 2025 financial results highlighted by strong ne
Armstrong World Industries, Inc. (NYSE:AWI), an Americas leader in the design and manufacture of innovative interior and exterior architectural applications including ceilings, specialty walls and exterior metal solutions, announced today that its Board of Directors has declared a cash dividend of $0.308 per share of common stock. The dividend will be paid on May 22, 2025, to stockholders of record as of the close of business on May 8, 2025. 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 Ar
Armstrong World Industries, Inc. (NYSE:AWI), an Americas leader in the design and manufacture of innovative interior and exterior architectural applications including ceilings, specialty walls and exterior metal solutions, will release its first-quarter 2025 results before the market opens on Tuesday, April 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 part
Fourth-Quarter 2024 Net sales of $368 million, an increase of 18% Operating income increased 24% and diluted net earnings per share increased 34% Adjusted EBITDA up 14% and adjusted diluted net earnings per share up 23% Completed acquisition of A. Zahner Company ("Zahner") Full-Year 2024 Record setting net sales of $1.4 billion, an increase of 12% Operating income increased 16% and diluted net earnings per share increased 21% Adjusted EBITDA up 13% and adjusted diluted net earnings per share up 19% Issuing 2025 Guidance with solid growth across all key metrics (Comparisons above are versus the prior-year period unless otherwise stated.) Armstrong World Indust
Armstrong World Industries, Inc. (NYSE:AWI), an Americas leader in the design and manufacture of innovative interior and exterior architectural applications including ceilings, specialty walls and exterior metal solutions, announced today that its Board of Directors has declared a cash dividend to $0.308 per share of common stock. The dividend will be paid on March 20, 2025, to stockholders of record as of the close of business on March 6, 2025. 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. Abou
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 fourth-quarter and full-year 2024 results before the market opens on Tuesday, Feb. 25 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
Armstrong World Industries. Inc. (NYSE:AWI), a leader in the innovation and manufacture of ceiling and wall solutions, announced today that it has acquired A. Zahner Company (Zahner). Based in Kansas City, Mo., Zahner is a widely recognized leader in the design, engineering and fabrication of highly crafted, complex exterior architectural metal solutions. Zahner's advanced metal surfaces and engineering systems are unique in the industry and have been used in some of the most iconic commercial buildings, cultural centers and other structures in North America and beyond. "We are thrilled to welcome Zahner and its talented team to the Armstrong family. Over the last decade, Armstrong has de
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
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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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Net sales up 17% on benefits from 2024 acquisitions and strong Mineral Fiber Average Unit Value (AUV) growth Operating income increased 14% and diluted net earnings per share increased 16% Adjusted EBITDA up 16% and adjusted diluted net earnings per share up 20% Reaffirming 2025 guidance across all key metrics (Comparisons above are versus the prior-year period unless otherwise stated) Armstrong World Industries, Inc. (NYSE:AWI), an Americas leader in the design and manufacture of innovative interior and exterior architectural applications including ceilings, specialty walls and exterior metal solutions, today reported first-quarter 2025 financial results highlighted by strong ne
Armstrong World Industries, Inc. (NYSE:AWI), an Americas leader in the design and manufacture of innovative interior and exterior architectural applications including ceilings, specialty walls and exterior metal solutions, announced today that its Board of Directors has declared a cash dividend of $0.308 per share of common stock. The dividend will be paid on May 22, 2025, to stockholders of record as of the close of business on May 8, 2025. 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 Ar
Armstrong World Industries, Inc. (NYSE:AWI), an Americas leader in the design and manufacture of innovative interior and exterior architectural applications including ceilings, specialty walls and exterior metal solutions, will release its first-quarter 2025 results before the market opens on Tuesday, April 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 part
Fourth-Quarter 2024 Net sales of $368 million, an increase of 18% Operating income increased 24% and diluted net earnings per share increased 34% Adjusted EBITDA up 14% and adjusted diluted net earnings per share up 23% Completed acquisition of A. Zahner Company ("Zahner") Full-Year 2024 Record setting net sales of $1.4 billion, an increase of 12% Operating income increased 16% and diluted net earnings per share increased 21% Adjusted EBITDA up 13% and adjusted diluted net earnings per share up 19% Issuing 2025 Guidance with solid growth across all key metrics (Comparisons above are versus the prior-year period unless otherwise stated.) Armstrong World Indust
Armstrong World Industries, Inc. (NYSE:AWI), an Americas leader in the design and manufacture of innovative interior and exterior architectural applications including ceilings, specialty walls and exterior metal solutions, announced today that its Board of Directors has declared a cash dividend to $0.308 per share of common stock. The dividend will be paid on March 20, 2025, to stockholders of record as of the close of business on March 6, 2025. 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. Abou
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 fourth-quarter and full-year 2024 results before the market opens on Tuesday, Feb. 25 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
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 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