October 19, 2017 1:12 AM ET

Building Products

Company Overview of Armstrong World Industries, Inc.

Company Overview

Armstrong World Industries, Inc. designs, manufactures, and sells ceiling systems for use primarily in the construction and renovation of residential, commercial, and institutional buildings worldwide. The company produces suspended fiber and metal ceiling systems, and complementary ceiling products, as well as acoustical ceiling, wall, and structural solutions; and sells suspension system products. It sells its commercial ceiling materials and accessories to resale distributors and ceiling system contractors; and residential ceiling products to wholesalers and retailers, including large home centers. The company was incorporated in 1891 and is headquartered in Lancaster, Pennsylvania.

2500 Columbia Avenue

Lancaster, PA 17603

United States

Founded in 1891

3,900 Employees

Phone:

717-397-0611

Key Executives for Armstrong World Industries, Inc.

Chief Executive Officer, President and Director
Age: 55
Total Annual Compensation: $650.1K
Chief Financial Officer and Senior Vice President
Age: 50
Total Annual Compensation: $347.9K
Chief Compliance Officer, Senior Vice President, General Counsel and Secretary
Age: 47
Total Annual Compensation: $1.1M
Senior Vice President of Americas
Age: 59
Total Annual Compensation: $371.3K
Senior Vice President of Human Resources
Age: 55
Total Annual Compensation: $802.8K
Compensation as of Fiscal Year 2016.

Armstrong World Industries, Inc. Key Developments

Armstrong World Industries, Inc.(NYSE:AWI) dropped from S&P Homebuilders Select Industry Index

Armstrong World Industries, Inc.(NYSE:AWI) dropped from S&P Homebuilders Select Industry Index

Armstrong World Industries, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017; Provides Earnings Guidance for 2017

Armstrong World Industries, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported adjusted earnings of $0.73 per share, compared with the prior-year period's $0.56 per share. Revenue was $330.8 million, up from $314.3 million in the same quarter last year. Net sales of $330.8 million compared to $314.3 million a year ago. Operating income was $78.4 million compared to $51.7 million a year ago. Diluted earnings per share were $0.77 compared to $0.29 a year ago. adjusted net sales were $330 million compared to $310 million a year ago. Adjusted operating income was $73 million compared to $61 million a year ago. Adjusted net income was $39 million compared to $31 million a year ago. Adjusted free cash flow was $28 million compared to $24 million a year ago. Adjusted EBITDA was $92 million compared to $81 million a year ago. Earnings from continuing operations before income taxes were $70.1 million compared to $41.3 million a year ago. Earnings from continuing operations was $41.5 million compared to $16.6 million a year ago. Net earnings were $41.3 million or $0.77 per basic and diluted share compared to $10.8 million or $0.29 per diluted share a year ago. Adjusted net earnings were $31 million or $0.73 per diluted share compared to $31 million or $0.56 per diluted share a year ago. For six months, the company reported net sales of $646.2 million compared to $601.7 million a year ago. Operating income was $141.4 million compared to $73.3 million a year ago. Adjusted net sales were $647 million compared to $598 million a year ago. Adjusted EBITDA was $167 million compared to $152 million a year ago. Operating income was $646.2 million compared to $601.7 million a year ago. Earnings from continuing operations before income taxes were $125.5 million compared to $46.2 million a year ago. Earnings from continuing operations was $72.3 million compared to $9.5 million a year ago. Net earnings were $71.7 million or $1.33 per diluted share compared to $7.0 million or $0.17 per basic and diluted share a year ago. Adjusted free cash flow was $33 million compared to $17 million a year ago. Adjusted net earnings were $69 million or $1.28 per diluted share compared to $59 million or $1.05 per diluted share a year ago. For the full year 2017, the company expects net sales to be in the $1,292 million to $1,327 million. Adjusted net sales were $1,305 million to $1,340 million. Net income of $151 million to $157 million or $2.91 per diluted share. Operating income of $295 million to $305 million. Adjusted EBITDA of $350 million to $360 million Adjusted net income of $143 million to $149 million.

Armstrong World Industries, Inc. to Report Q2, 2017 Results on Jul 31, 2017

Armstrong World Industries, Inc. announced that they will report Q2, 2017 results at 11:00 AM, US Eastern Standard Time on Jul 31, 2017

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