Armstrong World Industries: 4Q Earnings Snapshot

Associated Press
Updated ·1 min read

LANCASTER, Pa. (AP) _ Armstrong World Industries Inc. (AWI) on Monday reported fourth-quarter earnings of $47.7 million.

The Lancaster, Pennsylvania-based company said it had profit of 96 cents per share. Earnings, adjusted to account for discontinued operations and non-recurring costs, were $1.11 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share.

The ceiling and wall systems manufacturer posted revenue of $246.9 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $255.7 million.

For the year, the company reported profit of $214.5 million, or $4.32 per share. Revenue was reported as $1.04 billion.

Armstrong World Industries expects full-year earnings in the range of $5.20 to $5.40 per share.

Armstrong World Industries shares have climbed 13% since the beginning of the year. The stock has risen 46% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AWI at https://www.zacks.com/ap/AWI