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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) reported a 15% increase in net sales for Q2 2022, totaling $321 million, driven by price adjustments amidst inflation and gains in the Architectural Specialties segment. However, operating income declined by 9%, reflecting acquisition-related charges. Adjusted EBITDA rose 2% and adjusted diluted earnings per share increased 11%. For the full year, the guidance for net sales is projected to be up 11% to 13%.
Despite sales growth, the company faces challenges from inflation and longer project timelines.
Armstrong World Industries (AWI) has appointed William H. Osborne to its Board of Directors, expanding the board to nine members. Osborne has over 35 years of leadership experience in manufacturing and operations, currently serving at Boeing Defense, which generated over $26 billion in revenue in 2021. His addition is expected to strengthen AWI's growth strategy and operational excellence. This marks the second board appointment in 2022, following Richard D. Holder's election at the annual shareholder meeting in June.
Armstrong World Industries, Inc. (NYSE:AWI) announced a cash dividend of $0.231 per share, payable on August 18, 2022, to shareholders on record as of August 4, 2022. The company's future dividend declarations will depend on its financial position and results of operations. With $1.1 billion in revenue in 2021, AWI operates 15 manufacturing facilities and employs nearly 3,000 individuals.
On July 26, 2022, Armstrong World Industries (AWI) will announce its Q2 results before market opening, followed by a conference call at 10:00 a.m. ET. The call will provide insights into the company's performance and outlook. Interested parties can register for a telephone connection or view a webcast on the Investor Relations page. Armstrong, a leader in ceiling and wall solutions, achieved $1.1 billion in revenue in 2021 and operates 15 manufacturing facilities in the Americas.
Armstrong World Industries (AWI) has expanded its partnership with Price Industries to develop innovative solutions for promoting healthy indoor environments. Their first product collaboration is the StrataCleanIQ™, a ceiling-mounted filtration unit featuring MERV 13 filtration, aimed at enhancing indoor air quality. Both companies emphasize the importance of indoor environmental quality (IEQ) factors such as air quality, acoustics, and thermal comfort, which have gained increased attention due to the COVID-19 pandemic. This partnership seeks to leverage their combined strengths in research, product development, and industry leadership.
Armstrong World Industries (AWI) has appointed Christopher P. Calzaretta as the new Chief Financial Officer, effective August 1, 2022. He succeeds Brian MacNeal, who will assist in the transition until September 1, 2022. Calzaretta has over 20 years of finance experience and joined AWI in 2018 as Vice President of Finance for the Americas. The company's success relies on strong execution of its growth strategy, which Calzaretta is expected to support. AWI reported $1.1 billion in revenue for 2021 and employs nearly 3,000 individuals.
Armstrong World Industries (NYSE:AWI) announced that CEO Vic Grizzle will speak at the 2022 Goldman Sachs Industrials and Materials Conference in New York on May 11 at 12:10 p.m. ET. The event will be available as a live webcast on the company's website, with a replay accessible for 30 days post-event. In 2021, AWI generated $1.1 billion in revenue and employs nearly 3,000 individuals, supported by a manufacturing network of 15 facilities and six dedicated to its WAVE joint venture.
Armstrong World Industries (NYSE: AWI) reported a 12% increase in net sales and 17% rise in operating income for Q1 2022, driven by price gains and strong growth in the Architectural Specialties segment. Diluted earnings per share rose 21% to $0.94, reflecting effective cost management. Despite lower Mineral Fiber sales volumes, the company maintains its 2022 guidance for net sales growth of 10% to 13% and adjusted EBITDA growth of 10% to 16%. Key metrics include adjusted EBITDA at $87 million, and a notable 88.4% increase in Architectural Specialties adjusted EBITDA.
Armstrong World Industries, Inc. (NYSE:AWI) has declared a cash dividend of $0.231 per share for Q1 2022, payable on May 19, 2022, to shareholders on record as of May 5, 2022. The decision on future dividends will depend on the company's financial health and operational results. In 2021, AWI generated $1.1 billion in revenue, demonstrating its strong market position in ceiling and wall solutions.
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