Armstrong World (AWI) Misses Q1 EPS by 1c, Revenues Miss; Withdrawing & Suspending FY20 Guidance Due to COVID-19
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Armstrong World Industries Reports First Quarter 2020 Results
April 27, 2020 6:01 AM EDTKey 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 income
Adjusted EBITDA and EPS grew 5% and 10%, respectively, versus the prior year quarter
Withdrawing and suspending 2020 guidance due to COVID-19
LANCASTER, Pa., April 27, 2020 (GLOBE NEWSWIRE) -- Armstrong World Industries, Inc. (NYSE: AWI), a leader in the design, innovation and manufacture of... More
