Armstrong World Industries Q4 Adj. Profit Rises

(RTTNews) - Armstrong World Industries, Inc. (AWI) reported that its fourth quarter earnings from continuing operations was $46.8 million, a decline of 4.1% from last year. Earnings per share from continuing operations was $1.06 compared to $1.07. The company noted that its earnings per share from continuing operations was down 1% primarily due to acquisition-related expenses. Adjusted earnings per share from continuing operations increased to $1.22 from $1.08. On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $1.04, for the quarter. Analysts' estimates typically exclude special items. Fourth quarter net sales were $312.3 million compared to $304.5 million, prior year, up 2.6%. Analysts on average had estimated $305.61 million in revenue.

For the year ending December 31, 2024, the company expects: net sales in a range of $1.335 billion to $1.375 billion; and adjusted earnings per share in a range of $5.60 to $5.90.

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