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Earnings transcript
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AWI
Armstrong World Industries, Inc.
$165.03
-0.7
(-0.42%)
| Exchange: | NYSE |
| Market Cap: | 7.117B |
| Shares Outstanding: | 40.6M |
About The Company
| Sector: | Industrials | |||||
| Industry: | Construction | |||||
| CEO: | Mark A. Hershey | |||||
| Full Time Employees: | 3600 | |||||
| Address: |
| |||||
| Website: | https://www.armstrongceilings.com |
Armstrong World Industries, Inc., together with its subsidiaries, designs, manufactures, and sells ceiling systems primarily for use in the construction and renovation of residential and commercial buildings in the United States, Canada, and Latin America. The company operates through Mineral Fiber and Architectural Specialties segments. The company produces suspended mineral fiber, soft fiber, fiberglass wool, and metal ceiling systems, as well as wood, wood fiber, glass-reinforced-gypsum, and felt ceiling and wall systems; ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems; ceilings and walls for use in commercial settings; and acoustical controls, facades, and partitions. It sells its commercial ceiling and architectural specialties products to resale distributors and ceiling system contractors; and residential ceiling products to wholesalers and retailers, such as large home centers. The company was incorporated in 1891 and is headquartered in Lancaster, Pennsylvania.
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Revenue Segmentation
EPS
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Earnings Call
AI summary
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 | 433,300 |
| 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 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 2,023,015.067 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 2,044,646.952 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 2,032,921.840 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 638,917.016 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 645,748.888 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 642,045.814 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 460,413.394 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 466,822.594 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 463,617.994 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 407,433.586 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 411,790.230 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 409,428.802 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 10.630 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 10.710 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 10.560 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 2 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full 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.
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
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
-0.42
Trading Metrics:
| Open: | 163.51 | Previous Close: | 165.73 | |
| Day Low: | 161.21 | Day High: | 166.99 | |
| Year Low: | 122.37 | Year High: | 206.08 | |
| Price Avg 50: | 178.81 | Price Avg 200: | 185.07 | |
| Volume: | 327506 | Average Volume: | 543154 |
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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…
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