Armstrong World Q1 net sales up 10% to $310.2M; adj. EPS up 10% to $1.12

ARMSTRONG WORLD INDUSTRIES INC

2023-Q1 EPS reported $1.04 revenue$310,200,000

Net sales of $310.2M, +10% YoY; operating income $70.2M (+11%); diluted EPS $1.04 (+11%).
Adjusted EBITDA $96M (+9%); adjusted diluted EPS $1.12 (+10%).
Mineral Fiber sales +12% to $228.4M on 9% volume growth; Architectural Specialties +3% to $81.8M.
Cash flow from operations and investing up 46%; adjusted free cash flow up 52%.
Maintains 2023 guidance: net sales $1.26-1.31B, adj. EBITDA $395-420M, adj. diluted EPS $4.80-$5.05.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ARMSTRONG WORLD INDUSTRIES INC reported For the three months ended March 31, 2023 results: revenue $ 310.2, net income $ 47.3, EPS $ 1.04.

Period: For the three months ended March 31, 2023
Revenue: $ 310.2
Net income: $ 47.3
EPS: $ 1.04
Result: reported results

Exact text from the filing

For the Three Months Ended March 31, 2023 2022 Change Net sales $ 310.2 $ 282.6 9.8% Operating income $ 70.2 $ 63.2 11.1% Net earnings $ 47.3 $ 44.4 6.5% Diluted net earnings per share $ 1.04 $ 0.94 10.6%

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18 earnings releases filed in the last 30 days. Browse all earnings releases →

ARMSTRONG WORLD INDUSTRIES INC filing history →

Source: SEC EDGAR

accession 0000950170-23-014217

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