Armstrong World (AWI) Misses Q1 EPS by 1c, Revenues Miss; Withdrawing & Suspending FY20 Guidance Due to COVID-19

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Go back to Armstrong World (AWI) Misses Q1 EPS by 1c, Revenues Miss; Withdrawing & Suspending FY20 Guidance Due to COVID-19

Armstrong World Industries Reports First Quarter 2020 Results

April 27, 2020 6:01 AM EDT

Key Highlights

Net sales of $248.7 million, up 3% versus the prior year quarter

Operating 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