Last $50.52 USD
Change Today -0.38 / -0.75%
Volume 240.4K
AWI On Other Exchanges
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As of 8:04 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

armstrong world industries (AWI) Snapshot

Open
$50.99
Previous Close
$50.90
Day High
$51.02
Day Low
$50.16
52 Week High
02/14/14 - $61.90
52 Week Low
10/28/14 - $44.00
Market Cap
2.8B
Average Volume 10 Days
555.2K
EPS TTM
$1.90
Shares Outstanding
54.9M
EX-Date
03/30/12
P/E TM
26.5x
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.

8,600 Employees
Last Reported Date: 10/27/14
Founded in 1891

armstrong world industries (AWI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $980.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $262.9K
Executive Vice President and Chief Executive ...
Total Annual Compensation: $459.4K
Executive Vice President and Chief Executive ...
Total Annual Compensation: $409.0K
Chief Compliance Officer, Senior Vice Preside...
Total Annual Compensation: $413.8K
Compensation as of Fiscal Year 2013.

armstrong world industries (AWI) Key Developments

Armstrong World Industries Mulls Acquisitions

Armstrong World Industries, Inc. (NYSE:AWI) is seeking acquisitions. Armstrong World Industries said, "The company believes free cash flow is useful because it provides insight into the amount of cash that the Company has available for discretionary uses, after expenditures for capital commitments and adjustments for acquisitions/divestitures."

Armstrong World Industries, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Impairment Charge for the Third Quarter of 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2014

Armstrong World Industries, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company announced net sales of $728.3 million compared to $729.7 million for the same period a year ago. Operating income was $69 million compared to $93.6 million for the same period a year ago. Earnings from continuing operations before income taxes were $58.1 million compared to $82.0 million for the same period a year ago. Earnings from continuing operations were $31.8 million compared to $55.9 million for the same period a year ago. Net earnings were $31.6 million compared to $50.4 million for the same period a year ago. Earnings per share of common stock from continuing operations, diluted were $0.57 compared to $0.94 for the same period a year ago. Net earnings per share of common stock, diluted were $0.57 compared to $0.85 for the same period a year ago. Adjusted EBITDA was $117 million compared to $122 million for the same period a year ago. Operating income, adjusted was $87 million compared to $94 million for the same period a year ago. Net cash flow generated from operations was $89 million compared to $119 million for the same period a year ago. Free cash flow generated was $60 million compared to $95 million for the same period a year ago. Earnings before tax, adjusted were $76 million compared to $83 million for the same period a year ago. Net earnings, adjusted were $46 million or $0.83 per share compared to $50 million or $0.85 per share for the same period a year ago. Consolidated net sales decreased slightly compared to the prior year period, driven by lower volumes in Europe and in Resilient and Wood flooring in the Americas, which more than offset the impact from favorable price and mix.  For the nine months, the company announced net sales of $2,072.7 million compared to $2,058.6 million for the same period a year ago. Operating income was $179.3 million compared to $208.2 million for the same period a year ago. Earnings from continuing operations before income taxes were $139.9 million compared to $153.6 million for the same period a year ago. Earnings from continuing operations were $69.7 million compared to $89.7 million for the same period a year ago. Net earnings were $67.4 million compared to $83.3 million for the same period a year ago. Earnings per share of common stock from continuing operations, diluted were $1.25 compared to $1.50 for the same period a year ago. Net earnings per share of common stock, diluted were $1.21 compared to $1.39 for the same period a year ago. Net cash provided by operating activities was $111.1 million compared to $161.7 million for the same period a year ago. Adjusted EBITDA was $300 million compared to $297 million for the same period a year ago. Operating income, adjusted was $207 million compared to $217 million for the same period a year ago. Free cash flow used was $14 million compared to $75 million for the same period a year ago. Earnings before tax, adjusted were $168 million compared to $162 million for the same period a year ago. Net earnings, adjusted were $102 million or $1.85 per share compared to $99 million or $1.66 per share for the same period a year ago. Net debt was down $28 million, driven by operational cash generation in the past year. The company took an impairment charge of $12 million in the quarter to reflect the change. For the fourth quarter, the company expects sales of $610 million to $650 million, and adjusted EBITDA of $55 million to $75 million. The anticipate adjusted EPS will be up versus prior year due to lower interest expense in 2013 share repurchase and that cash flow will be positive for the year, but down from 2013. The company expects 2014 adjusted EPS to be $2.00 to $2.15 per diluted share and free cash flow to be between $0 and $40 million for the full year. For the year, the company continues to anticipate an effective tax rate of 48% to 50%, but have taken cash tax range down by $10 million.

Armstrong World Industries, Inc. Revises Preliminary Earnings Guidance for the Third Quarter and Provides Earnings Guidance for the Full Year 2014

Armstrong World Industries, Inc. revised preliminary earnings guidance for the third quarter and provided earnings guidance for the full year 2014. The company now expects to report third quarter adjusted EBITDA within the previously forecasted $110 million to $130 million range and sales below the previously forecasted $740 million to $780 million range when it releases its third quarter results on October 27, 2014. For 2014, the company now expects sales to be in the range of $2,680 million to $2,720 million and adjusted EBITDA to be in the range of $355 million to $375 million.

 

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AWI Competitors

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Company Last Change
Beacon Roofing Supply Inc $27.53 USD +1.28
Forbo Holding AG SFr.1,021 CHF -2.00
NCI Building Systems Inc $19.00 USD +0.12
Universal Forest Products Inc $49.06 USD -0.54
USG Corp $29.09 USD -0.41
View Industry Companies
 

Industry Analysis

AWI

Industry Average

Valuation AWI Industry Range
Price/Earnings 34.9x
Price/Sales 1.0x
Price/Book 3.6x
Price/Cash Flow 35.5x
TEV/Sales 0.6x
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