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Armstrong World Industries, Inc. - AWI STOCK NEWS

Welcome to our dedicated page for Armstrong World Industries news (Ticker: AWI), a resource for investors and traders seeking the latest updates and insights on Armstrong World Industries stock.

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.

News

Armstrong World Industries Reports Record-Setting Fourth-Quarter and Full-Year 2023 Results

Rhea-AI Summary
Armstrong World Industries, Inc. (AWI) reports record-setting fourth-quarter and full-year 2023 financial results, with steady sales growth and improved adjusted EBITDA margins. Net sales up 5% for the full year, operating income up 16%, adjusted EBITDA up 12%, and adjusted diluted earnings per share up 12%. The company issued 2024 guidance projecting net sales growth of 3% to 6% and adjusted EBITDA growth of 5% to 9%.
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Armstrong World Industries Announces Quarterly Dividend

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Armstrong World Industries, Inc. (AWI) declares a cash dividend of $0.28 per share of common stock, payable on March 14, 2024. The Board of Directors will assess future dividends based on financial performance.
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Newsweek Names Armstrong World Industries One of America’s Greatest Workplaces for Diversity for 2024

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Armstrong World Industries, Inc. (AWI) has been recognized as one of America’s Greatest Workplaces for Diversity by Newsweek for 2024. The company's CEO, Vic Grizzle, emphasizes the importance of diversity in driving success and fostering a creative and innovative work environment. AWI has also received accolades as One of the World’s Most Trustworthy Companies, One of America’s Best Companies to Work For, and One of America’s Most Responsible Companies.
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Armstrong World Industries Schedules Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

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Armstrong World Industries, Inc. (AWI) will release its fourth-quarter and full-year 2023 results on Feb. 20 and host a conference call to discuss these results. The company is a leader in ceiling and wall solutions in the Americas. The conference call will be available via live webcast and a replay will be accessible on the Investor Relations page at ArmstrongWorldIndustries.com.
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Armstrong World Industries Announces Strategic Partnership with McKinstry and Equity Investment in Overcast Innovations Venture

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Armstrong World Industries, Inc. (NYSE: AWI) has entered into a strategic partnership with McKinstry, a leading construction and energy services company, by making an equity investment in its Overcast Innovations venture. Overcast Innovations offers integrated building solutions, including prefabricated ceiling cloud systems, modular grid platforms, and engineering design services, to reduce waste and inefficiencies in the built environment. The partnership and investment are expected to accelerate Overcast’s growth through access to Armstrong’s portfolio of ceiling solutions and go-to-market platform. The innovative, integrated modular ceiling systems designed and manufactured by Overcast Innovations address some of the most significant challenges facing building owners, architects, designers, and contractors. The partnership reflects an initial equity investment in Overcast of approximately 20%, with future rights to increase its ownership interest. Additionally, Armstrong and McKinstry have both entered into strategic partnership agreements with Overcast to collaborate on supply arrangements, marketing, and communications and sales for Overcast’s integrated building solutions.
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Armstrong World Industries Introduces Innovative Energy Saving Solution

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Armstrong World Industries, Inc. (NYSE: AWI) has launched a new ceiling product, Ultima® Templok®, featuring integrated phase change material (PCM) to reduce energy usage in commercial buildings. The company's research estimates that installing these tiles can reduce energy cost and consumption by up to 15% as measured in lab tests.
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Newsweek Names Armstrong World Industries One of America’s Most Responsible Companies for 2024

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Armstrong World Industries, Inc. (AWI) has been named one of America’s Most Responsible Companies by Newsweek for the second consecutive year. The company's commitment to sustainability and corporate responsibility is reflected in its 2023 Building a Healthy Tomorrow sustainability report, highlighting key initiatives and progress around its core sustainability pillars: People, Planet, and Product.
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Armstrong World Industries to Attend the 2023 Baird Global Industrial Conference

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Armstrong World Industries, Inc. will be hosting investor meetings at the Baird Global Industrial Conference in Chicago on November 7, 2023. The company has also published an updated Investor Presentation on its website.
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Armstrong World Industries Reports Third-Quarter 2023 Results

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Armstrong World Industries reports strong Q3 2023 results with net sales up 7% and operating income up 37%. Raising full-year guidance for all key metrics.
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Armstrong World Industries Announces Increase in Quarterly Dividend

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Armstrong World Industries announces a 10% increase in quarterly cash dividend
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FAQ

What is the current stock price of Armstrong World Industries (AWI)?

The current stock price of Armstrong World Industries (AWI) is $142.88 as of December 20, 2024.

What is the market cap of Armstrong World Industries (AWI)?

The market cap of Armstrong World Industries (AWI) is approximately 6.2B.

What does Armstrong World Industries, Inc. specialize in?

Armstrong World Industries specializes in the design and manufacture of innovative commercial and residential ceiling, wall, and suspension system solutions.

How many employees does Armstrong World Industries, Inc. have?

Armstrong World Industries has over 3,700 employees.

What are some of the materials used in AWI’s products?

The materials used include mineral fiber, fiberglass wool, metal, wood, wood fiber, glass-reinforced gypsum, and felt.

What is the Worthington Armstrong Venture (WAVE)?

The Worthington Armstrong Venture (WAVE) is a joint venture between Armstrong World Industries and Worthington Industries, Inc. that manufactures ceiling suspension system (grid) products.

How many manufacturing facilities does AWI operate?

AWI operates a global manufacturing network of 24 facilities, including nine plants dedicated to the WAVE joint venture.

What are some benefits of AWI's ceiling solutions?

AWI's ceiling solutions help enhance comfort, save time, improve building efficiency, control sound and noise, and create beautiful spaces.

In which sectors are AWI’s products commonly used?

AWI's products are commonly used in offices, schools, healthcare facilities, and entertainment venues.

What was AWI's revenue from ceiling operations in 2015?

AWI's revenue from ceiling operations exceeded $1.2 billion in 2015.

How does AWI contribute to building efficiency?

AWI contributes to building efficiency by providing interior solutions that enhance overall performance and functionality.

What are the acoustical properties of AWI’s ceilings?

AWI's ceilings have acoustical properties that help control sound and noise within various spaces.

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Armstrong World Industries, Inc.

NYSE:AWI

AWI Rankings

#1124 Ranked by Market Cap
#1880 Ranked by Dividends

AWI Stock Data

6.20B
42.96M
1.44%
102.06%
1.46%
Building Products & Equipment
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United States of America
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