Last $53.66 USD
Change Today +0.09 / 0.17%
Volume 599.3K
AWI On Other Exchanges
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As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

armstrong world industries (AWI) Snapshot

Open
$53.50
Previous Close
$53.57
Day High
$54.02
Day Low
$53.43
52 Week High
02/14/14 - $61.90
52 Week Low
06/24/13 - $44.93
Market Cap
2.9B
Average Volume 10 Days
1.0M
EPS TTM
$1.90
Shares Outstanding
54.7M
EX-Date
03/30/12
P/E TM
28.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for ARMSTRONG WORLD INDUSTRIES (AWI)

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armstrong world industries (AWI) Details

Armstrong World Industries, Inc. designs, manufactures, and sells flooring products and ceiling systems worldwide. The company’s Building Products segment produces suspended mineral fibers, soft fibers, and metal ceiling systems for use in commercial, institutional, and residential settings, as well as complementary ceiling products; and sells suspension system products. This segment sells its commercial ceiling materials and accessories to ceiling system contractors and resale distributors; and residential ceiling products to wholesalers and retailers. Its Resilient Flooring segment manufactures vinyl sheets, vinyl tiles, and linoleum flooring, as well as sources and sells laminate flooring products, vinyl tile products, vinyl sheet products, adhesives, and installation and maintenance materials and accessories. This segment sells its products to wholesalers, large home centers, retailers, and contractors, as well as to the manufactured homes industry. The company’s Wood Flooring segment offers pre-finished solid and engineered wood floors, and related accessories for use in new residential construction and renovation with various commercial applications in stores, restaurants, and offices. This segment sells its products to independent wholesale flooring distributors and large home centers. Armstrong World Industries, Inc. was incorporated in 1891 and is headquartered in Lancaster, Pennsylvania.

8,700 Employees
Last Reported Date: 02/24/14
Founded in 1891

armstrong world industries (AWI) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $980.0K
Executive Vice President and Chief Executive ...
Total Annual Compensation: $500.0K
Executive Vice President and Chief Executive ...
Total Annual Compensation: $450.0K
Senior Vice President of Global Operations Ex...
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2012.

armstrong world industries (AWI) Key Developments

Armstrong World Industries Announces Lancaster, Pa. Plant $41 Million Expansion

Armstrong World Industries announced the beginning of construction at its Lancaster, Pa., facility, where it is expanding its manufacturing capability to include luxury vinyl tile (LVT) for commercial and residential use in the U.S. The decision to make this $41 million investment and onshore its LVT production from China suppliers was previously announced in October 2013. This marks the company's second investment in the Lancaster operation since 2008, when it added fiberglass-backed sheet vinyl manufacturing to that plant's production portfolio. The company expects to start shipping LVT product from this plant to customers by mid 2015. About 60 new employees will be hired to support plant start-up and continuing operations.

Kevin R. Burns Intends Not to Stand for Reelection as Director of Armstrong World Industries, Inc

On March 18, 2014, Kevin R. Burns, a member of the Board of Directors of Armstrong World Industries, Inc. since 2009, informed the Board of his intention to not stand for reelection as a director when his term expires at the company's 2014 Annual Meeting of Shareholders. Mr. Burns' decision is not the result of any disagreement with the company on any matter relating to its operations, policies or practices and he intends to serve as a member of the Board for the remainder of his current term.

Armstrong World Industries, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Earnings Guidance for the First Quarter and Full Year of 2014

Armstrong World Industries, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported net sales of $661.3 million against $612.8 million a year ago. Operating income was $30.4 million against $42.3 million a year ago. Earnings from continuing operations before income taxes were $18.3 million against $29.7 million a year ago. Earnings from continuing operations were $10.8 million or $0.20 per diluted and basic share against $9.2 million or $0.15 per diluted and basic share a year ago. Net earnings were $10.8 million or $0.20 per diluted and basic share against $8.4 million or $0.14 per diluted and basic share a year ago. Adjusted EBITDA was $71 million compared to $73 million a year ago period. Adjusted operating income was $41 million compared to $47 million a year ago period. Earnings before taxes, adjusted were $29 million compared to $34 million a year ago period. Net earnings, adjusted was $17 million or $0.32 per share compared to $21 million or $0.34 per share a year ago period. Negative free cash flow was $7 million compared to positive free cash flow of $24 million a year ago period. Net income and earnings per share were positively impacted by a reduction in income tax expense driven by increased tax credit benefits when compared to the prior year period. Adjusted operating income and adjusted EBITDA declined by 13% and 3%, respectively, in the fourth quarter of 2013, when compared to the prior year period. This decline resulted primarily from increases in manufacturing and input costs driven by rising lumber costs and plant start up costs in Russia, increased SG&A expenses to support emerging market and architectural specialties growth initiatives, and a lower pension credit when compared to the prior year period, which were only partially offset by pricing and the margin impact from higher volumes. The decrease in free cash flow resulted primarily from lower cash earnings and working capital contributions, which were only partially offset by lower interest expense and lower prepaid expenses when compared to the prior year period. For the year, the company reported net sales of $2,719.9 million against $2,618.9 million a year ago. Operating income was $238.6 million against $271.2 million a year ago. Earnings from continuing operations before income taxes were $171.9 million against $220.5 million a year ago. Earnings from continuing operations were $100.5 million or $0.71 per diluted share against $144.4 million or $2.41 per diluted share a year ago. Net earnings were $94.1 million or $1.60 per diluted share against $131.3 million or $2.19 per diluted share a year ago. Net cash provided by operating activities was $213.7 million compared to $220.0 million a year ago period. Adjusted EBITDA was $371 million compared to $402 million a year ago period. Adjusted operating income was $262 million compared to $302 million a year ago period. Earnings before taxes, adjusted were $195 million compared to $251 million a year ago period. Net earnings, adjusted was $119 million or $2.04 per share compared to $151 million or $2.53 per share a year ago period. Free cash flow was $68 million compared to $88 million a year ago period. Net debt was $931 million. Capital expenditures were higher and interest expense lower as a result of March refinancing. Cash earnings were lower, but working capital experienced significant year-over-year improvement, driven by accounts payable. For the first quarter of 2014, sales are expected to be between $625 million and $665 million and adjusted EBITDA to be in the range of $75 million to $90 million, a 6% increase at the midpoint, driven by modest volume, price and manufacturing savings, partially offset by inflation and the emerging market investments. The company expects 2014 full year sales to be in the $2.8 billion to $2.9 billion range and adjusted EBITDA to be in the $400 million to $430 million range, both up from 2013. 2014 adjusted EPS is expected to be $2.55 to $2.80 per diluted share, and free cash flow is anticipated to be between $60 million and $100 million. Adjusted EPS guidance for 2014 is calculated based on an adjusted effective tax rate of 39%. Capital expenditure plan is about $10 million to increase green lumber drying capacity.

 

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AWI Competitors

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Company Last Change
Beacon Roofing Supply Inc $36.50 USD -0.11
Forbo Holding AG SFr.938.00 CHF +10.00
NCI Building Systems Inc $16.26 USD +0.10
Universal Forest Products Inc $53.00 USD -1.20
USG Corp $31.60 USD +0.04
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Industry Analysis

AWI

Industry Average

Valuation AWI Industry Range
Price/Earnings 31.3x
Price/Sales 1.1x
Price/Book 4.3x
Price/Cash Flow 31.2x
TEV/Sales 0.6x
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