Armstrong World (AWI) Misses Q3 EPS by 9c, Revenues Beat; Boosts FY18 Revenue and Adj. FCF Guidance

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Go back to Armstrong World (AWI) Misses Q3 EPS by 9c, Revenues Beat; Boosts FY18 Revenue and Adj. FCF Guidance

Armstrong World Industries Reports Third Quarter 2018 Results

October 30, 2018 6:00 AM EDT

Key Highlights

Net sales of $260.5 million, up 11% versus the prior year quarterOperating income of $81.3 million, up 10% versus the prior year quarterArchitectural Specialties segment sales grew 37% and expanded marginsRaises 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

LANCASTER, Pa., Oct. 30, 2018 (GLOBE NEWSWIRE) -- Armstrong World Industries, Inc. (NYSE: AWI), a leader in... More