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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 (AWI) has declared a cash dividend of $0.254 per share, scheduled for payment on May 18, 2023, to shareholders of record by the close of business on May 4, 2023. This decision reflects the company's ongoing commitment to returning value to its investors. Future dividends will depend on the company's financial health, operational results, and cash flow, as determined by its Board of Directors. In 2022, AWI reported $1.2 billion in revenue, underlining its position as a leader in the ceiling and wall solutions industry, employing approximately 3,000 people across 16 manufacturing facilities.
Armstrong World Industries, Inc. (NYSE:AWI) will release its first-quarter 2023 earnings results before the market opens on April 25, 2023. A conference call to discuss the results is scheduled for 10:00 a.m. ET on the same day. Investors and interested parties can access a live webcast of the call on the Investor Relations page of Armstrong's website. Those wishing to participate via telephone must register beforehand to receive dial-in information and a unique PIN. Armstrong is known for its ceiling and wall solutions, generating $1.2 billion in revenue in 2022 and operating with approximately 3,000 employees across 16 manufacturing facilities in the Americas.
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.
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