Armstrong Q3 net sales up 11% to record $387M; raises FY2024 guidance

ARMSTRONG WORLD INDUSTRIES INC

2024-Q3 EPS reported $4.61 revenue$1,078,000,000

Record Q3 net sales $386.6M (+11.3% YoY); diluted EPS $1.75 (+12.2%), adjusted diluted EPS $1.81 (+13.1%).
Mineral Fiber net sales $258M (+3.3%), Adj. EBITDA margin 43.9%; Architectural Specialties $128.6M (+31.8%) driven by 3form and BOK acquisitions.
Full-year 2024 guidance raised: Adj. EBITDA $482-490M (12-14% growth), Adj. diluted EPS $6.15-6.25 (16-17% growth).
Year-to-date operating cash flow increased $4M; Q3 share repurchases $15M, $677M remaining under authorization.
CEO cites favorable AUV, operational execution, and market stabilization as growth drivers despite muted conditions.

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