Armstrong World Industries Inc reports results for the quarter ended in June - Earnings Summary

Armstrong World Industries

30/07/2024 14:51

* Armstrong World Industries Inc  AWI.N  reported quarterly
adjusted earnings of $1.62​​ per share for the quarter ended in
June, higher than the same quarter last year, when the company
reported EPS of $1.38.  The mean expectation of eight analysts
for the quarter was for earnings of $1.55 per share. Wall Street
expected results to range from $1.50  to $1.63 per share.
    * Revenue rose 12.2% to $365.10 million from a year ago;
analysts
expected $360.36 million. 
    * Armstrong World Industries Inc's reported EPS for the
quarter
was $1.50​.
    * The company reported quarterly net income of $65.9
million.
    * Armstrong World Industries Inc shares had risen by 15.5%
this
quarter and gained 33.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the construction
supplies & fixtures peer group is also "buy"

Wall Street's median 12-month price target for Armstrong World
Industries Inc is $123.00 
This summary was machine generated from LSEG data July 30 at
01:51 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      1.55           1.62           Beat
 Mar. 31 2024      1.23           1.38           Beat
 Dec. 31 2023      1.04           1.22           Beat
 Sep. 30 2023      1.31           1.60           Beat