Armstrong World Industries Q1 record: sales +5%, EPS +31%, raises FY2024 guidance

ARMSTRONG WORLD INDUSTRIES INC

2024-Q1 EPS reported $1.36 revenue$326,300,000

Net sales $326.3M (+5.2% YoY); operating income $86.1M (+22.6%); diluted EPS $1.36 (+30.8%).
Adjusted EBITDA $111M (+16%); adjusted diluted EPS $1.38 (+23.2%); margins expanded 300bps.
Mineral Fiber sales +4.9% on favorable pricing; Architectural Specialties +6.0% on BOK acquisition.
Raising FY2024 guidance: net sales $1,395-$1,435M, adjusted EBITDA $465-$485M, adj. EPS $5.80-$6.05.
Announced acquisition of 3form to expand Architectural Specialties portfolio; $702M remaining share buyback.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ARMSTRONG WORLD INDUSTRIES INC reported first quarter 2024 results: revenue $326.3 million, net income $59.9 million, EPS $1.36. Guidance raised.

Period: first quarter 2024
Revenue: $326.3 million
Net income: $59.9 million
EPS: $1.36
Guidance: raised
Result: reported results

Exact text from the filing

On April 30, 2024, Armstrong World Industries, Inc. (the "Company") issued a press release announcing its first quarter 2024 consolidated financial results.

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Source: SEC EDGAR

accession 0000950170-24-050185

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