Armstrong World Industries Reports First Quarter 2020 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/24/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Needham Starts NeoVolta (NEOV) at Buy
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- KKR launches Helix with over $10 billion to build AI infrastructure
Armstrong World (AWI) Misses Q1 EPS by 1c, Revenues Miss; Withdrawing & Suspending FY20 Guidance Due to COVID-19
April 27, 2020 6:03 AM EDTArmstrong World (NYSE: AWI) reported Q1 EPS of $1.10, $0.01 worse than the analyst estimate of $1.11. Revenue for the quarter came in at $248.7 million versus the consensus estimate of $251.6 million.
Key Highlights
Net sales of $248.7 million, up 3% versus the prior year quarterOperating income of $76.0 million, up 39% versus the prior year quarter$1 billion pension risk transfer results in $374.4 million non-cash charge to non-operating incomeAdjusted EBITDA and EPS grew 5% and 10%, respectively, versus the prior year quarterWithdrawing and suspending 2020... More