Armstrong World Industries Q1 2025 Summary

- Net sales were $382.7 million, up 17 percent year-over-year
- Operating income reached $98.5 million, a 14 percent increase
- Net earnings were $69.1 million, compared to $59.9 million a year earlier
- Diluted earnings per share were $1.58, up from $1.36
- Adjusted EBITDA rose to $129 million, a 16 percent increase
- Adjusted diluted EPS was $1.66, up 20 percent
- Free cash flow was $48 million, compared to $43 million in Q1 2024

Segment results:

Mineral Fiber
- Net sales were $245.1 million, up 2 percent
- Adjusted EBITDA was $105 million, up 7 percent
- Gains were driven by favorable pricing and mix (AUV), offset by lower volumes

Architectural Specialties
- Net sales reached $137.6 million, up 59 percent
- Adjusted EBITDA was $24 million, up 94 percent
- Growth driven by acquisitions (3form and Zahner) and custom project sales

Cash and share repurchase:

- Cash balance was $82.8 million at the end of the quarter
- The company repurchased $22 million in shares
- $640 million remains under the current repurchase authorization

2025 full-year guidance remains unchanged:

- Net sales expected between $1.57 billion and $1.61 billion, growth of 9 to 11 percent
- Adjusted EBITDA forecasted between $525 million and $545 million, growth of 8 to 12 percent
- Adjusted EPS projected between $6.85 and $7.15, up 9 to 13 percent
- Adjusted free cash flow targeted between $315 million and $335 million, up 6 to 12 percent

The company expects a softer second half of 2025 but plans to maintain margin growth through pricing, productivity, and cost control.

Armstrong World Industries Declares $0.308 Quarterly Dividend


LANCASTER, Pa. – Armstrong World Industries, Inc. (NYSE: AWI) announced on April 23, 2025, that its Board of Directors has declared a quarterly cash dividend of $0.308 per share of common stock. The dividend is scheduled to be paid on May 22, 2025, to shareholders of record as of the close of business on May 8, 2025.

The company stated that future dividend declarations and capital allocations will remain at the discretion of the Board, based on factors including financial performance, cash flow, and overall business conditions.

About Armstrong World Industries
Headquartered in Lancaster, Pennsylvania, Armstrong World Industries is a leading designer and manufacturer of interior and exterior architectural products, including ceilings, specialty walls, and metal solutions. With a 160-year legacy, the company reported $1.4 billion in revenue for 2024 and employs approximately 3,600 people across 20 manufacturing facilities and seven WAVE joint venture sites.

Armstrong World Industries Appoints Mark A. Hershey as COO
Lancaster, PA – March 31, 2025 – Armstrong World Industries, Inc. (NYSE: AWI) announced the appointment of Mark A. Hershey as Senior Vice President & Chief Operating Officer, effective April 1, 2025.

Hershey, 55, has served as SVP, Americas since January 2022 and has held multiple leadership roles at Armstrong since 2011, including SVP of Business Development, General Counsel, Chief Compliance Officer, and Secretary.

The leadership change was disclosed in a Form 8-K filed with the SEC under Item 5.02.

Armstrong World Industries, Inc. Releases Updated Investor Presentation
Lancaster, PA – March 10, 2025 – Armstrong World Industries, Inc. (NYSE: AWI) has posted an updated Investor Presentation on its website ahead of upcoming investor meetings. The presentation is available in the "Investors" section of the company’s website at www.armstrongceilings.com.

The Investor Presentation, which has been filed as Exhibit 99.1 to the company's Form 8-K, provides insights into Armstrong’s financial performance, strategic initiatives, and market outlook.

This announcement is made in compliance with Regulation FD and does not constitute a filing under Section 18 of the Securities Exchange Act of 1934, meaning it is not subject to liability under that section unless explicitly incorporated into future filings.

Armstrong World Industries reported strong fourth-quarter and full-year 2024 results, achieving record-setting sales and earnings.

Fourth-quarter net sales were $368 million, an increase of 18 percent from the prior year, driven by strong volume growth and favorable pricing. Operating income increased 24 percent, while diluted net earnings per share rose 34 percent. Adjusted EBITDA grew 14 percent, and adjusted diluted net earnings per share increased 23 percent. The company completed its acquisition of A. Zahner Company during the quarter.

For the full year, net sales reached a record $1.4 billion, an increase of 12 percent. Operating income grew 16 percent, while diluted net earnings per share rose 21 percent. Adjusted EBITDA increased 13 percent, and adjusted diluted net earnings per share improved by 19 percent. The company generated strong free cash flow and executed two key acquisitions to expand its Architectural Specialties business.

The Mineral Fiber segment saw an 8.1 percent increase in net sales for the fourth quarter, primarily due to favorable average unit value, driven by mix improvements and pricing actions. Operating income grew 12.6 percent, with adjusted EBITDA increasing 10.3 percent. The Architectural Specialties segment experienced a 40.8 percent rise in net sales, driven by the contributions from acquisitions and growth in custom projects. Operating income for this segment grew 136.7 percent, with adjusted EBITDA increasing 33.3 percent.

For 2025, the company expects continued growth across key financial metrics. Net sales are projected to increase by 9 to 11 percent, reaching a range of $1.57 to $1.61 billion. Adjusted EBITDA is expected to grow 8 to 12 percent, while adjusted diluted net earnings per share is forecasted to increase by 9 to 13 percent. Adjusted free cash flow is projected to grow 6 to 12 percent.

The company continued its share repurchase program in 2024, buying back 0.5 million shares for $55 million. As of year-end, $662 million remained available under the current authorization.

Looking ahead, Armstrong World Industries remains focused on profitable growth and margin expansion across both its Mineral Fiber and Architectural Specialties businesses, while maintaining a disciplined approach to capital deployment.

source: Armstrong World Industries, February 25, 2025.