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Earnings transcript
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AWI
Armstrong World Industries, Inc.
$176.79
-1
(-0.56%)
| Exchange: | NYSE |
| Market Cap: | 7.471B |
| Shares Outstanding: | 40.6M |
Delayed data
About The Company
| Sector: | Basic Materials | |||||
| Industry: | Construction Materials | |||||
| CEO: | Mark A. Hershey | |||||
| Full Time Employees: | 4000 | |||||
| Address: |
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| Website: | https://www.armstrong.com |
Armstrong World Industries, Inc. (AWI) specializes in the design, manufacturing, and distribution of diverse ceiling systems, primarily catering to the construction and renovation needs of residential and commercial properties across the United States, Canada, and Latin America. The company operates through two main divisions: Mineral Fiber and Architectural Specialties. AWI’s extensive product portfolio includes suspended ceilings made from mineral fiber, soft fiber, fiberglass wool, and metal, as well as ceiling and wall solutions crafted from wood, wood fiber, glass-reinforced-gypsum, and felt. They also provide crucial ceiling components such as perimeters, trims, and grid systems for drywall installations, in addition to commercial-grade ceilings and walls, acoustical control products, exterior facades, and room partitions. AWI sells its commercial ceiling and architectural specialty products to resale distributors and professional ceiling system contractors, while its residential offerings are distributed via wholesalers and prominent retailers, including large home improvement centers. The company was founded in 1891 and maintains its headquarters in Lancaster, Pennsylvania.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 1,295,200 | 1,445,700 | 1,620,800 |
| Gross Profit | 497,000 | 581,600 | 658,700 |
| EBITDA | 434,300 | 495,600 | 553,700 |
| Operating Income | 234,500 | 273,100 | 430,900 |
| Net Income | 223,700 | 264,899.999 | 308,700 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 1,672,400 | 1,842,700 | 1,924,700 |
| Total Liabilities | 1,080,600 | 1,085,600 | 1,024,000 |
| Total Stockholders Equity | 591,800 | 757,100 | 1,924,700 |
| Total Debt | 640,400 | 599,900 | 97,500 |
| Cash and Cash Equivalents | 70,800 | 79,300 | 112,700 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 233,500 | 266,800 | 355,500 |
| Capital Expenditure | -83,800 | -82,800 | 0 |
| Free Cash Flow | 149,700 | 184,000 | 355,500 |
| Net Income | 223,800 | 264,899.999 | 308,700 |
| Net Change in Cash | -35,200 | 8,500 | 33,400 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 1,982,762.047 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 2,053,684.211 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 2,013,735.065 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 655,661.760 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 679,114.373 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 665,903.949 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 433,428.045 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 479,573.414 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 436,302.260 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 402,329.052 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 416,720.112 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 408,613.894 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 10.470 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 11 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 9.940 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 3 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 2 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Record Sales Performance: As highlighted in the Q2 2025 earnings call, AWI reported record sales, reflecting strong revenue growth driven by robust demand in key product segments. This indicates effective market positioning and operational execution.
- Solid Profitability Metrics: Key financial indicators from the income statement, such as gross profit margin and net profit margin (TTM), demonstrate AWI's ability to maintain profitability despite market fluctuations, supported by operational efficiencies noted in the earnings call.
- Positive Free Cash Flow: Cash flow statements reveal consistent free cash flow generation (TTM), bolstered by strong operating cash flow. This financial health provides flexibility for reinvestment and debt management.
- Industry Outperformance: Performance metrics (perf1y, perf5y) show AWI outperforming its industry averages in the building products sector, indicating a competitive edge in both short- and long-term growth.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates AWI intrinsic value between $61.53 – $111.30 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about AWI valuation
Is Armstrong World Industries, Inc. (AWI) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Armstrong World Industries, Inc. (AWI) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is AWI a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether AWI trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is AWI’s P/E ratio?
You can see AWI’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for AWI?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is AWI a good long-term investment?
Whether AWI fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
AWI
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Daily snapshot
-0.56
Trading Metrics:
| Open: | 176.88 | Previous Close: | 177.78 | |
| Day Low: | 176 | Day High: | 181.29 | |
| Year Low: | 150.28 | Year High: | 206.08 | |
| Price Avg 50: | 167.4 | Price Avg 200: | 174.89 | |
| Volume: | 54116 | Average Volume: | 455957 |
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Login — it's freeAWI full analysis
Welcome to MARKETSNAP’s SWOT analysis for Armstrong World Industries, ticker AWI. If you’re a long-term investor looking to build wealth through smart stock picks, you’re in the right place. Today, we’re diving deep into Armstrong World Industries, a key player in the building products space, to break down what makes this company tick, where it shines, and where it might face some headwinds. Let’s unpack their financials, recent news, and overall potential for your portfolio, all while keeping that long-term…
