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Armstrong World Industries, Inc. (AWI) is a global leader in the design and manufacture of innovative commercial and residential ceiling, wall, and suspension system solutions. With over 3,700 employees and fiscal 2015 revenues from ceiling operations exceeding $1.2 billion, AWI operates from a global manufacturing network of 24 facilities, including nine plants dedicated to its WAVE joint venture.
AWI’s commitment to collaboration and innovation has consistently driven the development of advanced ceiling solutions that significantly enhance everyday environments. Their products are not only aesthetically pleasing but also provide acoustical properties to control sound and noise within various spaces. AWI's portfolio includes mineral fiber, fiberglass wool, metal, wood, wood fiber, glass-reinforced gypsum, and felt.
The company also manufactures ceiling suspension systems through its joint venture with Worthington Industries, Inc., known as Worthington Armstrong Venture (WAVE). AWI's solutions enhance comfort, save time, improve building efficiency, and create beautiful spaces, making a positive impact in settings where people live, work, learn, heal, and play.
As a key player in the interiors market, AWI’s products are integral to numerous construction projects, ranging from offices and schools to healthcare facilities and entertainment venues. The company's latest achievements and ongoing projects reflect its dedication to quality and innovation in creating environments that are both functional and visually appealing.
Armstrong World Industries (NYSE: AWI), a leader in ceiling and wall solutions, has been named one of America’s Most Responsible Companies by Newsweek for the third consecutive year.
AWI President and CEO Vic Grizzle stated, “Being named one of America’s Most Responsible Companies for the third consecutive year is a tremendous honor. This recognition is a reflection of our sustainable and responsible business practices and the hard work of our teams that strive to make a positive impact on our customers and communities.”
Newsweek, in collaboration with Statista, evaluated the 2,000 largest U.S. public companies based on environmental, social, and corporate governance criteria. These factors were combined to create an overall corporate social responsibility score, derived from 30 key performance indicators, including energy consumption and charitable contributions, along with a reputation survey of over 26,000 U.S. consumers. The resulting awards list highlights companies that excel in corporate responsibility, sustainability, and ethical business practices.
Armstrong World Industries (NYSE: AWI) has acquired A. Zahner Company, a Kansas City-based leader in exterior architectural metal solutions. Zahner, projected to generate revenue of approximately $42 million in 2024, specializes in design, engineering, and fabrication of complex exterior architectural metal projects.
The acquisition expands Armstrong's capabilities in the exterior architectural metal category, complementing their existing interior ceiling and specialty wall solutions. Zahner, founded in 1897, brings approximately 160 employees and production facilities in Missouri and Texas. Notable Zahner projects include SoFi Stadium, Petersen Automotive Museum, IBM headquarters, and Bloomberg Center.
This marks Armstrong's 12th Architectural Specialties acquisition since 2016, following the acquisition of BOK Modern, in 2023. The purchase was funded through existing cash and revolving credit facility.
Armstrong World Industries (AWI) has been recognized as one of America's Greenest Companies for 2025 by Newsweek. The company's sustainability initiatives include the introduction of Templok® Energy Saving Ceilings and Ultima® Low Embodied Carbon ceiling panels. AWI's 2024 Sustainability Report outlines progress in key areas including reducing carbon emissions, increasing renewable energy sourcing, eliminating chemicals of concern, and maintaining their ceiling recycling program, which has diverted 220 million square feet of ceiling tiles from landfills. The ranking considered companies meeting the European Union's sustainability criteria.
Armstrong World Industries (NYSE:AWI) reported strong Q3 2024 results with record quarterly net sales of $387 million, up 11.3% year-over-year. Operating income increased 11.1% to $111.3 million, while diluted earnings per share rose 12.2% to $1.75. The growth was driven by higher volumes ($30 million) and favorable Average Unit Value ($9 million). The company's Mineral Fiber segment saw 3.3% sales growth, while Architectural Specialties segment sales jumped 31.8%. Based on strong performance, AWI raised its full-year 2024 guidance for adjusted EBITDA (12-14% growth), adjusted diluted EPS (16-17% growth), and adjusted free cash flow (10-14% growth).
Armstrong World Industries (NYSE:AWI) has announced a 10% increase in its 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 November 7, 2024. This marks the company's sixth consecutive annual dividend increase since initiating its program in 2018. The company's CFO highlighted their strong free cash flow generation and healthy balance sheet, emphasizing their commitment to returning cash to shareholders as a key component of their capital allocation strategy.
Armstrong World Industries (NYSE:AWI), a leading provider of ceiling and wall solutions in the Americas, has announced its schedule for the release of third-quarter 2024 financial results. The company will unveil its results before the market opens on Tuesday, Oct. 29, followed by a conference call at 10:00 a.m. ET to discuss the outcomes.
Investors and interested parties can access a live webcast of the conference call and accompanying presentation on the Investor Relations page of ArmstrongWorldIndustries.com. Those who wish to participate via telephone must register in advance using the provided participant call link. A replay of the event will be available on the company's Investor Relations page after the call.
Armstrong World Industries (NYSE:AWI) and Worthington Enterprises (NYSE:WOR) announced that their joint venture, Worthington Armstrong (WAVE), has acquired the assets of Data Center Resources, (DCR). This acquisition includes DCR's Cool Shield brand, which specializes in customizable, modular aisle containment solutions for data centers.
The acquisition aims to expand WAVE's design and manufacturing capabilities in the data center market. Cool Shield solutions are designed to optimize power usage and increase cooling efficiency, resulting in lower operating costs and reduced strain on electrical grid infrastructure. WAVE plans to integrate these solutions with their DynaMax® structural grid and Armstrong ceiling products to offer comprehensive, energy-efficient solutions for data centers.
Armstrong World Industries (NYSE:AWI) reported strong Q2 2024 results, with net sales up 12.2% to $365.1 million and operating income up 9.2% to $95 million. The growth was driven by solid Mineral Fiber average unit value (AUV) improvements and acquisitions in the Architectural Specialties segment. Adjusted EBITDA increased 12.5% to $125 million, while adjusted diluted EPS grew 17.4% to $1.62.
The Mineral Fiber segment saw 6.9% sales growth to $250.2 million, while Architectural Specialties sales jumped 25.7% to $114.9 million. Based on the strong performance, AWI raised its full-year 2024 guidance, now expecting 9-11% net sales growth and 10-13% adjusted EBITDA growth.
Armstrong World Industries (NYSE:AWI), a leading manufacturer of ceiling and wall solutions, has announced a quarterly 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 company's Board of Directors will determine future dividends and capital allocations based on factors such as financial position, results of operations, and cash flow.
Armstrong World Industries (NYSE: AWI), a leader in ceiling and wall solutions in the Americas, will announce its Q2 2024 earnings before market opens on Tuesday, July 30. The company will host a conference call at 10:00 a.m. ET to discuss the results, accessible via a live webcast on their Investor Relations page. Attendees can use a Listen Only link to join the webcast without asking questions or register for the call to receive personalized dial-in information. A replay will be available on the same page.
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