Armstrong World (AWI) Misses Q2 EPS by 17c

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Armstrong World Industries Reports Second Quarter 2020 Results

July 28, 2020 6:01 AM EDT

Key Highlights

Net sales of $203.2 million, down 25% versus the prior year quarter

Operating income of $62.4 million, down 28% versus the prior year quarter

Adjusted EBITDA down 36% versus the prior year quarter

FY 2020 Outlook: Revenue down 10%-18% and adjusted Free Cash Flow margin 22%-25%

Acquired Turf Design, the leading manufacturer of felt ceilings, walls, and barrier solutions

LANCASTER, Pa., July 28, 2020 (GLOBE NEWSWIRE) -- Armstrong World Industries, Inc. (NYSE: AWI), a leader in the design, innovation and manufacture of commercial and residential ceiling, wall and suspension... More