earnings
confidence high
sentiment positive
materiality 0.80
Armstrong World Q2 EPS $2.26 (+12% YoY); raises FY guidance; $800M buyback added
ARMSTRONG WORLD INDUSTRIES INC
- Q2 net sales $472M (+11% YoY); diluted EPS $2.26 (+12%); adjusted diluted EPS $2.36 (+13%).
- Mineral Fiber net sales $288M (+7.9%) on AUV and volume growth; Architectural Specialties $184M (+16.6%) with double-digit organic and inorganic growth.
- FY2026 guidance raised: net sales $1,770-1,800M, adjusted EBITDA $605-620M, adjusted diluted EPS $8.30-8.50.
- Board authorized additional $800M share repurchase, extending program through Dec 2029; Q2 repurchased 0.5M shares at avg $163.20.
- Operating income $133.8M (+8.6%); adjusted EBITDA $166M (+7.5%); operating cash flow YTD up 3%.