Armstrong World (AWI) Tops Q4 EPS by 25c, Revenues Miss
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Armstrong World Industries Reports Fourth Quarter and Full Year 2019 Results
February 24, 2020 6:00 AM ESTKey Highlights
Net sales of $246.9 million, up 3% versus the prior year quarterOperating income of $62.2 million, up 18% versus the prior year quarterAdjusted EBITDA and EPS grew 14% and 40%, respectively, versus the prior year quarter2020 Guidance: Net Sales growth of 6-8%, year-over-year EBITDA margin expansion, and adjusted Free Cash Flow growth of 11-19%Transferring approximately $1 billion of pension obligations to Athene Annuity and LifeLANCASTER, Pa., Feb. 24, 2020 (GLOBE NEWSWIRE) -- Armstrong World Industries, Inc. (NYSE: AWI), a leader in the design,... More
