earnings
confidence high
sentiment positive
materiality 0.75
AWI Q2 2024: Net sales +12% to $365M, adj. EPS $1.62 (+17%); raises FY guidance
ARMSTRONG WORLD INDUSTRIES INC
2024-Q2 EPS reported
$2.86
revenue$691,400,000
- Net sales $365.1M (+12.2%), operating income $95.0M (+9.2%), diluted EPS $1.50 (+11.9%).
- Adjusted EBITDA $125M (+12.5%), adjusted diluted EPS $1.62 (+17.4%).
- Mineral Fiber net sales $250.2M (+6.9% on AUV); Architectural Specialties $114.9M (+25.7% on 3form and BOK acquisitions).
- Raising FY2024 guidance: net sales $1,415-$1,440M, adj. EBITDA $474-$486M, adj. EPS $6.00-$6.15.
- Repurchased 0.1M shares for $10M in Q2; $692M remains under buyback program.