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Armstrong World Industries, Inc.

Armstrong World Industries, Inc.

NYSE•AWI
CEO: Mr. Victor D. Grizzle
Sector: Industrials
Industry: Construction
Listing Date: 2006-10-18
Armstrong World Industries, Inc., together with its subsidiaries, engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas. It operates through Mineral Fiber and Architectural Specialties segments. The company offers mineral fiber, fiberglass wool, metal, wood, felt, wood fiber, and glass-reinforced-gypsum; ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems; ceilings, walls, and facades for use in commercial settings; and manufactures ceiling suspension system (grid) products. It serves commercial and residential construction markets, as well as renovation of existing buildings sectors. The company sells its products to resale distributors, ceiling system contractors, wholesalers, and retailers comprising large home centers. Armstrong World Industries, Inc. was founded in 1860 and is headquartered in Lancaster, Pennsylvania.
Contact Information
2500 Columbia Avenue, Lancaster, PA, 17603, United States
717-397-0611
www.armstrongceilings.com
Market Cap
$8.03B
P/E (TTM)
26.3
30.2
Dividend Yield
0.7%
52W High
$206.08
52W Low
$122.37
52W Range
76%
Rank37Top 25.8%
4.8
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.8 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$425.20M+9.98%
4-Quarter Trend

EPS

$2.00+13.64%
4-Quarter Trend

FCF

$100.30M+30.09%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Nine Months Sales Growth NME Net Sales reached $1.23B USD, marking 14.3% growth driven by recent acquisitions like Zahner and 3form.
Operating Income Rises NME Operating Income $338.9M USD, showing 15.9% increase over the prior nine-month period due to volume and AUV.
Earnings Per Share Up Diluted EPS $5.56 USD for nine months, improving from $4.61 USD last year, reflecting strong profitability.
Cash Flow Generation Strong Operating cash flow $245.5M USD for nine months, significantly higher than $180.2M USD provided last year.

Risk Factors

Input Cost Volatility Input costs impacted by tariffs, geopolitical events, and supply chain disruptions potentially affecting gross profit margins.
Environmental Liabilities Exposure Ongoing investigation and remediation costs at Macon and Elizabeth City Superfund sites remain uncertain regarding final allocation.
Customer Consolidation Trend Market trend of customer consolidation noted, including major distributor acquisitions, potentially impacting future sales patterns.
Debt Covenants Monitoring Liquidity needs monitored via senior credit facility covenants; compliance maintained as of September 30, 2025.

Outlook

Future Pricing Strategy Future pricing actions planned for Mineral Fiber and grid products based on inflation impact and competitive environment.
Liquidity Position Secure Cash $90.1M USD plus borrowing capacity sufficient for near-term operations, capital expenditures, and debt obligations.
New Accounting Standards Evaluating impact of recently issued FASB ASUs on future financial statement disclosures and required reporting changes.

Peer Comparison

Revenue (TTM)

Owens CorningOC
$10.80B
+9.5%
Primoris Services CorporationPRIM
$7.46B
+21.5%
Tetra Tech, Inc.TTEK
$5.23B
+0.5%

Gross Margin (Latest Quarter)

Watts Water Technologies, Inc.WTS
48.8%
+1.5pp
Simpson Manufacturing Co., Inc.SSD
46.4%
-0.5pp
Armstrong World Industries, Inc.AWI
42.0%
-0.5pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
SPXC$10.33B47.413.7%14.5%
DY$9.99B33.622.2%32.0%
CAE$9.59B31.88.8%30.3%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
5.0%
Moderate Growth
4Q Net Income CAGR
11.5%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 24, 2026
|
EPS:$1.67
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Oct 28, 2025|
    Revenue: $425.20M+10.0%
    |
    EPS: $2.00+13.6%
    Meet
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Jul 29, 2025|
    Revenue: $424.60M+16.3%
    |
    EPS: $2.02+34.7%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: Apr 29, 2025|
    Revenue: $382.70M+17.3%
    |
    EPS: $1.59+16.1%
    Meet
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 25, 2025|
    Revenue: $1.45B+11.6%
    |
    EPS: $6.06+21.2%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 29, 2024|
    Revenue: $386.60M+11.3%
    |
    EPS: $1.76+12.8%
    Meet
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Jul 30, 2024|
    Revenue: $365.10M+12.2%
    |
    EPS: $1.50+11.9%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: Apr 30, 2024|
    Revenue: $326.30M+5.2%
    |
    EPS: $1.37+31.7%
    Beat
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 20, 2024|
    Revenue: $1.30B+5.0%
    |
    EPS: $5.00+16.0%
    Beat