Armstrong World (AWI) Misses Q2 EPS by 1c, Revenues Beat

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Go back to Armstrong World (AWI) Misses Q2 EPS by 1c, Revenues Beat

Armstrong World Industries Reports Second Quarter 2018 Results

July 31, 2018 6:00 AM EDT

Key Highlights

As reported net sales of $248.6 million, up 10% versus the prior year quarterAs reported operating income of $66.0 million, down 5% versus the prior year quarter, driven by accelerated depreciation charges associated with closure of the St. Helens facilityArchitectural Specialties segment sales grew 18% with an adjusted EBITDA margin of 22%Adjusted EBITDA up 12% versus the prior year quarter, with adjusted EBITDA margins expanding 70 basis pointsShare repurchase program authorization increased by $300 million

LANCASTER, Pa., July 31, 2018 (GLOBE NEWSWIRE) -- Armstrong World Industries, Inc. (NYSE:... More