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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) has announced a partnership with 9 Foundations, Inc. (9F), aimed at enhancing indoor environments for better health outcomes. This collaboration, featuring Dr. Joseph G. Allen and his team from Harvard, focuses on innovative ceiling and wall solutions based on healthy building science. The partnership will evaluate health-focused technologies to improve air quality, ventilation, and other crucial factors for indoor environments. AWI, with 2020 revenues of $937 million, aims to lead in the healthy buildings sector.
Armstrong World Industries (NYSE:AWI) reported significant year-over-year growth in Q3 2021, with net sales rising 19% to $292.2 million and adjusted EBITDA up 8% to $99 million. The company effectively managed supply chain disruptions and inflation, benefiting from strong pricing and previous acquisitions. Operating income remained nearly flat at $72.1 million, while adjusted diluted earnings per share increased to $1.17. For the full year, AWI expects net sales to grow by 17% to 18% and adjusted EBITDA by 13% to 15%.
Armstrong World Industries (AWI) announced a 10% increase in its quarterly cash dividend to $0.231 per share, payable on November 18, 2021. This marks the third consecutive annual increase, reflecting the Board's confidence in the company's growth opportunities. With a strong balance sheet and consistent cash flow generation, AWI emphasizes returning cash to shareholders as a priority. Future dividends will depend on the company’s financial position and cash flow.
Armstrong World Industries (AWI) will release its third-quarter 2021 results before the market opens on October 26, 2021. A conference call to discuss these results is scheduled for 10:00 a.m. ET on the same day. Interested participants can join by calling (877) 312-9198 for U.S./Canada and (631) 291-4622 internationally, using Conference ID: 2756896. The call will be available as a replay via webcast on the Investor Relations page of Armstrong's website for a year following the event.
Armstrong World Industries, Inc. (NYSE:AWI) announced the retirement of CFO Brian MacNeal, effective May 1, 2022. Joining in 2014, MacNeal became CFO in 2016 post the spinoff of Armstrong Flooring. A search for his successor will involve both internal and external candidates, with MacNeal helping during the transition. CEO Vic Grizzle praised MacNeal's financial leadership and contributions to the company's growth. Armstrong reported $937 million in revenue for 2020, with a workforce of approximately 2,800 across 15 manufacturing facilities.
Armstrong World Industries (AWI) will host investor meetings at the Jefferies Industrial Conference on August 4, 2021. This event aims to connect senior management with investors. An updated Investor Presentation has been made available on the company's website for attendees. In 2020, AWI recorded revenues of $937 million and operates 15 manufacturing facilities. For further details, the presentation can be accessed on their Investor Relations page.
Armstrong World Industries (AWI) reported a strong second quarter in 2021, with net sales increasing 38% year-over-year to $280 million. Operating income rose 26% to $78.3 million, while adjusted EBITDA climbed 44% to $100 million. The company attributes this growth to higher demand and successful acquisitions, despite rising costs. Full-year guidance was raised, expecting 16%-18% growth in net sales and 12%-15% in adjusted EBITDA. Management highlights operational excellence and a focus on digital initiatives as key drivers of this performance.
Armstrong World Industries (AWI) has declared a cash dividend of $0.21 per share for Q2 2021. This dividend is payable on August 19, 2021, to shareholders of record by August 5, 2021. The company, which reported over $937 million in revenue for 2020, highlighted that future dividends will depend on its financial health and operational results. Notably, any forward-looking statements are subject to risks and uncertainties that could affect actual performance.
Armstrong World Industries (NYSE: AWI) will announce its second-quarter 2021 results before the market opens on July 27, 2021.
A conference call is scheduled for 10:00 a.m. ET on the same day to discuss these results. Investors can listen in by dialing (877) 312-9198 for U.S./Canada or (631) 291-4622 internationally, using the conference ID 7468317.
Webcast details and accompanying slides will be accessible on their Investor Relations page.
Armstrong World Industries (NYSE:AWI) reported a 1.3% increase in net sales for Q1 2021, totaling $251.9 million. However, operating income fell by 29% to $54.1 million, and adjusted EBITDA decreased by 12% to $85 million. The company maintains its 2021 guidance, projecting sales growth of 10% to 13% and adjusted EBITDA growth of 9% to 13%. CEO Vic Grizzle noted strong order intake in Architectural Specialties, while CFO Brian MacNeal highlighted improving market conditions.
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