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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 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.
Armstrong World Industries (NYSE:AWI) will release its first-quarter 2022 results before the market opens on April 26, 2022. The company has announced a conference call scheduled for 10:00 a.m. ET the same day to discuss these results. Interested participants can join the call by dialing (877) 312-9198 for U.S./Canada or (631) 291-4622 for international inquiries, using Conference ID: 6367957. A replay will be available via webcast on their Investor Relations page.
Armstrong generated $1.1 billion in revenue in 2021 and operates 15 manufacturing facilities across the Americas.
Armstrong World Industries (AWI) hosted its 2022 Investor Day, outlining five-year growth targets amid a market recovery. CEO Vic Grizzle expressed optimism from key initiatives focused on innovation, Healthy Spaces, and digitalization. The targets include a revenue growth rate of 10% to 13%, adjusted EBITDA growth of 12% to 15%, and adjusted diluted EPS growth of 15% to 20%, all aimed at enhanced value creation. With $1.1 billion revenue in 2021 and 2,800 employees across 15 facilities, AWI emphasizes forward-looking strategies despite inherent uncertainties.
Armstrong World Industries reported strong fourth-quarter results with net sales up 18.3% year-over-year to $282.5 million. Operating income rose 25.9%, and diluted earnings per share increased 22.2%. For the full year, net sales increased 18.1% to $1,106.6 million, with an adjusted EBITDA increase of 12.6%. The company issued 2022 guidance projecting net sales growth of 10% to 13% and adjusted EBITDA growth of 10% to 16%, reflecting confidence in market conditions despite challenges.
Armstrong World Industries, Inc. (NYSE:AWI) has declared a cash dividend of $0.231 per share for Q4 2021, to be paid on March 17, 2022, to shareholders of record as of March 3, 2022. The payment and future dividends will depend on the company's financial position and cash flow. Armstrong reported $937 million in revenue for 2020, employing around 2,800 people across its manufacturing network of 15 facilities.
Armstrong World Industries (AWI) will release its fourth-quarter and full-year 2021 results on Feb. 22, 2022, before market opening. A conference call is scheduled for 10:00 a.m. ET the same day to discuss these results. Interested parties can join the call by dialing (877) 312-9198 for U.S./Canada and (631) 291-4622 internationally, using Conference ID: 2497001. A replay will be accessible on the Investor Relations page of AWI's website, along with additional information.
AWI specializes in innovative ceiling, wall, and suspension system solutions.
Armstrong World Industries, Inc. (AWI) has announced a hybrid Investor Day scheduled for March 3, 2022, at its corporate campus in Lancaster, PA, and available virtually. The event will feature presentations from company leadership discussing business performance and strategy, alongside demonstrations of AWI’s Healthy Spaces, digital, and innovation platforms. The webcast begins at 9 am ET, with a replay available on the company’s Investor Relations page. In 2020, AWI reported $937 million in revenue and operates 15 manufacturing facilities across the Americas.
Armstrong World Industries (AWI) announces the appointment of Austin So as the new senior vice president, general counsel, and secretary, effective February 1, 2022. He succeeds Mark Hershey, who transitioned to senior vice president, Americas. So brings over 20 years of legal experience, having previously worked at StoneMor Inc. and Heraeus Holding GMBH. His role will focus on legal oversight, sustainability, and compliance programs. CEO Vic Grizzle welcomes him as a vital part of advancing AWI’s growth strategy.
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