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.
Armstrong World Industries, Inc. (NYSE:AWI) reported a strong performance for the fourth quarter of 2022, with net sales rising by 7.8% to $304.5 million and operating income up 27.2%. The Mineral Fiber segment saw a 4.2% sales increase, while Architectural Specialties surged by 17.5%. For the full year, net sales rose 11.4% to $1.23 billion. Despite facing challenging market conditions and a projected slowdown in 2023, the company anticipates continued growth with guidance of 2%-6% net sales growth and adjusted EBITDA growth of 3%-9%. The company also generated significant cash flow and repurchased shares worth $165 million in 2022.
Armstrong World Industries, Inc. (NYSE:AWI) announced the appointment of Monica Maheshwari as senior vice president of Human Resources, effective March 1, 2023. The company's CEO, Vic Grizzle, expressed confidence in Maheshwari’s ability to enhance organizational efficiency and foster a diverse culture. Maheshwari brings over 20 years of HR experience, previously serving as vice president at DuPont’s electronics and industrials segment, which generated $6.5 billion annually. Armstrong reported $1.1 billion in revenue in 2021 and has nearly 3,000 employees, with a network of 16 manufacturing facilities.
Armstrong World Industries, Inc. (NYSE:AWI) announced a cash dividend of $0.254 per share, payable on March 16, 2023, to shareholders of record as of March 2, 2023. The decision to declare and pay future dividends will depend on the company's financial position, operational results, and cash flow, as determined by its Board of Directors. Armstrong, a leader in ceiling and wall solutions, reported $1.1 billion in revenue for 2021 and operates with nearly 3,000 employees across a manufacturing network of 16 facilities.
Armstrong World Industries (AWI) will release its fourth-quarter and full-year 2022 results on February 21, 2023, before the market opens. A conference call to discuss the results is scheduled for 10:00 a.m. ET. Investors can access a live webcast on the Investor Relations page of Armstrong's website. Those wishing to participate by telephone must register in advance to obtain dial-in information and a PIN. A replay of the event will be available on the same web page post-event.
Armstrong is a leader in ceiling and wall design, boasting nearly 3,000 employees and generating $1.1 billion in revenue in 2021.
Armstrong World Industries (NYSE: AWI) has partnered with Spacekit to offer modular, acoustical wall art via its digital sales platform, KanopibyArmstrong.com. This collaboration enhances Kanopi's product range with customizable solutions targeting office and commercial spaces. Spacekit's products are sustainably made from US-sourced materials, featuring a zero-waste manufacturing process. The partnership is expected to leverage both companies' strengths, delivering practical sound absorption solutions in appealing designs. Armstrong reported $1.1 billion in revenue for 2021 and employs around 3,000 individuals across 16 manufacturing facilities.
Armstrong World Industries (NYSE:AWI) reported a strong third-quarter 2022 with net sales increasing by 11.2% to $325 million year-over-year, driven by growth in both Mineral Fiber and Architectural Specialties segments. Operating income rose by 1.7% to $73.3 million, while diluted earnings per share increased 11.3% to $1.18. Adjusted EBITDA also showed positive growth of 5.3%. However, the company has revised its 2022 financial outlook to reflect expected challenges in Mineral Fiber volumes and economic uncertainties.
Armstrong World Industries (NYSE: AWI) has announced a 10% increase in its quarterly cash dividend, raising it to $0.254 per share. This decision reflects the Board of Directors' strong confidence in the company's growth strategy and ability to maintain steady cash flow and earnings. The new dividend will be paid on Nov. 17, 2022, to shareholders of record as of Nov. 3, 2022. This marks the fourth consecutive year of dividend increases for AWI, highlighting a commitment to returning cash directly to shareholders.
Armstrong World Industries (AWI) is set to release its third-quarter 2022 results on October 25, 2022, before market opening. A conference call to discuss the results will follow at 10:00 a.m. ET. Interested participants can access a live webcast on the company’s Investor Relations page. AWI, a leader in ceiling and wall solutions, reported $1.1 billion in revenue for 2021, employing nearly 3,000 staff across its 15 manufacturing facilities.
FAQ
What is the current stock price of Armstrong World Industries (AWI)?
What is the market cap of Armstrong World Industries (AWI)?
What does Armstrong World Industries, Inc. specialize in?
How many employees does Armstrong World Industries, Inc. have?
What are some of the materials used in AWI’s products?
What is the Worthington Armstrong Venture (WAVE)?
How many manufacturing facilities does AWI operate?
What are some benefits of AWI's ceiling solutions?
In which sectors are AWI’s products commonly used?
What was AWI's revenue from ceiling operations in 2015?
How does AWI contribute to building efficiency?
What are the acoustical properties of AWI’s ceilings?
