Armstrong World (NYSE: AWI) reported Q3 EPS of $1.11, $0.09 worse than the analyst estimate of $1.20. Revenue for the quarter came in at $260.5 million versus the consensus estimate of $248.49 million.

• Net sales of $260.5 million, up 11% versus the prior year quarter
• Operating income of $81.3 million, up 10% versus the prior year quarter
• Architectural Specialties segment sales grew 37% and expanded margins
• Raises 2018 revenue and adjusted free cash flow guidance to +8% and +45%, respectively, versus the prior year; reaffirms adjusted EBITDA growth of >10% versus the prior year

“Both of our segments delivered strong results, as Architectural Specialties continued its penetration into specialty ceilings and walls with 37% sales growth and expanded margins, while the Mineral Fiber segment delivered strong improvement in price and mix with sufficient price to cover inflation,” said Vic Grizzle, President and CEO of Armstrong.

“We are increasing our full year guidance for revenue growth to 8%-9%, while reaffirming greater than 10% adjusted EBITDA growth as we continue to drive price realization in an inflationary environment,” said Brian MacNeal, CFO. “We are also increasing our adjusted free cash flow guidance to a range of 43% to 50% growth with a midpoint of $215 million.”

For earnings history and earnings-related data on Armstrong World (AWI) click here.