Armstrong World Industries, Inc. (AWI) Misses Q2 EPS by 2c; Reaffirms
Armstrong World Industries, Inc. (NYSE: AWI) reported Q2 EPS of $0.62, $0.02 worse than the analyst estimate of $0.64. Revenue for the quarter came in at $706.6 million versus the consensus estimate of $694.27 million.
"Our second quarter consolidated results met our expectations, as sales and adjusted EBITDA were in the middle of our guidance range," said Matt Espe, CEO. "We continue to make strategic investments in the business to support organic growth and I'm pleased to announce that our Board of Directors has approved an investment that will allow us to domestically manufacture luxury vinyl tile, an important growth category that we currently source overseas."
Armstrong World Industries, Inc. confirms it sees FY2013 EPS of $2.00-$2.30, versus the consensus of $2.31. Armstrong World Industries, Inc. sees FY2013 revenue of $2.7-2.8 billion, versus the consensus of $2.7 billion.
For earnings history and earnings-related data on Armstrong World Industries, Inc. (AWI) click here.
"Our second quarter consolidated results met our expectations, as sales and adjusted EBITDA were in the middle of our guidance range," said Matt Espe, CEO. "We continue to make strategic investments in the business to support organic growth and I'm pleased to announce that our Board of Directors has approved an investment that will allow us to domestically manufacture luxury vinyl tile, an important growth category that we currently source overseas."
Armstrong World Industries, Inc. confirms it sees FY2013 EPS of $2.00-$2.30, versus the consensus of $2.31. Armstrong World Industries, Inc. sees FY2013 revenue of $2.7-2.8 billion, versus the consensus of $2.7 billion.
For earnings history and earnings-related data on Armstrong World Industries, Inc. (AWI) click here.