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Armstrong World (AWI)
NYSE:AWI
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.39Last Year’s EPS
$1.22Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: 4.27%
|Next Earnings Date:Feb 25, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong sales and earnings growth, with the company achieving record-setting results despite challenges in certain market segments. The positive performance in Architectural Specialties and Mineral Fiber segments, along with effective cost management, contributed to an optimistic outlook for the remainder of 2024 and into 2025. However, muted market conditions and increased SG&A expenses posed challenges.Company Guidance
During the Q3 2024 earnings call, Armstrong World Industries (AWI) provided an updated guidance reflecting strong performance and continued growth expectations. The company reported record-setting sales and an 11% increase in total company sales and adjusted EBITDA year-over-year, with adjusted diluted earnings per share up by 13%. As a result of this performance, AWI raised its full-year 2024 guidance, projecting adjusted EBITDA growth in the range of 12% to 14% and adjusted diluted net earnings per share growth of 16% to 17%. Additionally, the full-year sales outlook was tightened to 10% to 11% growth, and adjusted free cash flow is expected to grow by 10% to 14%. The company highlighted that strong AUV performance, productivity gains, and contributions from acquisitions and their WAVE joint venture were key drivers of these results.Record-Setting Sales and Earnings Growth
Armstrong World Industries reported record-setting third quarter sales and strong earnings growth, with total company sales and adjusted EBITDA each increasing 11% from prior year results. Adjusted diluted earnings per share increased 13%.
Mineral Fiber Segment Performance
Mineral Fiber net sales increased 3% driven by strong AUV performance. Adjusted EBITDA rose 8% with a margin of almost 44%, marking the seventh consecutive quarter of year-over-year adjusted EBITDA margin expansion.
Architectural Specialties Segment Surge
Architectural Specialties segment reported a 32% increase in net sales, driven by recent acquisitions and strong performance in the transportation vertical. Adjusted EBITDA increased 27% with margins above 20%.
Positive Free Cash Flow and Capital Allocation
Armstrong generated a 17% increase in adjusted free cash flow for the third quarter and announced a 10% increase to its quarterly dividend.
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AWI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AWI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $137.02 | $139.72 | +1.97% |
| Jul 30, 2024 | $130.18 | $131.59 | +1.08% |
| Apr 30, 2024 | $118.05 | $114.10 | -3.35% |
| Feb 20, 2024 | $104.14 | $116.39 | +11.76% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Armstrong World (AWI) report earnings?
Armstrong World (AWI) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is Armstrong World (AWI) earnings time?
Armstrong World (AWI) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AWI EPS forecast?
AWI EPS forecast for the fiscal quarter 2024 (Q4) is $1.39.
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