Armstrong World Industries, Inc. - AWI STOCK NEWS

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.

Armstrong World Industries (AWI) announced the retirement of Charlie M. Chiappone, senior vice president of Ceilings and Wall Solutions, effective April 1, 2022. In response, Mark A. Hershey and Jill A. Crager will assume new leadership roles starting January 1, 2022. Hershey will manage the Americas regions and retain oversight of Business Development, while Crager will lead Sales Operations and continue her digitalization efforts. AWI, with $937 million in revenue for 2020 and a workforce of approximately 2,800, anticipates continued growth with these strategic appointments.