Armstrong World Industries Q2 2023: EPS $1.34, revenue $325.4M, adj. EBITDA +9.8%

ARMSTRONG WORLD INDUSTRIES INC

2023-Q2 EPS reported $2.38 revenue$635,600,000

Q2 net sales $325.4M (+1.4% YoY); operating income $87M (+21.5%); diluted EPS $1.34 (+20.7%).
Adjusted EBITDA $111M (+9.8%); margin 34.2% (+260 bps); adjusted diluted EPS $1.38 (+7.0%).
Mineral Fiber net sales unchanged at $234M; op income +5.7%. Architectural Specialties net sales $91.4M (+5.7%), op income $12.2M vs $1.1M.
Board authorized additional $500M share repurchase through Dec 2026; acquired BOK Modern for $13.8M cash plus contingent consideration.
FY2023 guidance: net sales $1,265-1,305M; adj. EBITDA $400-420M; adj. EPS $4.85-5.05; adj. FCF $240-250M.

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 Second-Quarter 2023 results: revenue $ 325.4, net income $ 60.2, EPS $ 1.34.

Period: Second-Quarter 2023
Revenue: $ 325.4
Net income: $ 60.2
EPS: $ 1.34
Result: reported results

Exact text from the filing

growth in this attractive category.” Second-Quarter Results (Dollar amounts in millions except per-share data) For the Three Months Ended June 30, 2023 2022 Change Net sales $ 325.4 $ 321.0 1.4% Operating income $ 87.0 $ 71.6 21.5% Operating income margin (Operating income as a % of net sales) 26.7 % 22.3 % 440bps Net earnings $ 60.2 $ 52.2 15.3% Diluted net

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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 0000950170-23-034204

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