Armstrong World Industries boosts buyback authorization by $500M to $1.7B, extends through 2026

ARMSTRONG WORLD INDUSTRIES INC

Board added $500M to share repurchase authorization, raising total to $1.7B, program extended to Dec 31, 2026.
Quarterly cash dividend declared at $0.254 per share, payable Aug 17, 2023 to holders of record Aug 3, 2023.
CFO cited confidence in adjusted free cash flow generation as rationale for increased repurchase capacity.
Repurchases may be made via open market, block, privately-negotiated transactions or Rule 10b5-1 plans.

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