Armstrong World Industries Inc. - AWI STOCK NEWS

Armstrong World Industries, Inc. appoints Dawn Kirchner-King as SVP, chief human resources officer, bringing over 30 years of experience to lead the company's people strategy and foster a culture of excellence and inclusivity.

Armstrong World Industries, Inc. (AWI) President & CEO Vic Grizzle and CFO Chris Calzaretta will host virtual investor meetings at the 5th Annual Loop Investor Conference. Armstrong has released an updated Investor Presentation for the event.

Armstrong World Industries, Inc. (AWI) reports record-setting fourth-quarter and full-year 2023 financial results, with steady sales growth and improved adjusted EBITDA margins. Net sales up 5% for the full year, operating income up 16%, adjusted EBITDA up 12%, and adjusted diluted earnings per share up 12%. The company issued 2024 guidance projecting net sales growth of 3% to 6% and adjusted EBITDA growth of 5% to 9%.

Armstrong World Industries, Inc. (AWI) declares a cash dividend of $0.28 per share of common stock, payable on March 14, 2024. The Board of Directors will assess future dividends based on financial performance.

Armstrong World Industries, Inc. (AWI) has been recognized as one of America’s Greatest Workplaces for Diversity by Newsweek for 2024. The company's CEO, Vic Grizzle, emphasizes the importance of diversity in driving success and fostering a creative and innovative work environment. AWI has also received accolades as One of the World’s Most Trustworthy Companies, One of America’s Best Companies to Work For, and One of America’s Most Responsible Companies.

Armstrong World Industries, Inc. (AWI) will release its fourth-quarter and full-year 2023 results on Feb. 20 and host a conference call to discuss these results. The company is a leader in ceiling and wall solutions in the Americas. The conference call will be available via live webcast and a replay will be accessible on the Investor Relations page at ArmstrongWorldIndustries.com.

Armstrong World Industries, Inc. (NYSE: AWI) has entered into a strategic partnership with McKinstry, a leading construction and energy services company, by making an equity investment in its Overcast Innovations venture. Overcast Innovations offers integrated building solutions, including prefabricated ceiling cloud systems, modular grid platforms, and engineering design services, to reduce waste and inefficiencies in the built environment. The partnership and investment are expected to accelerate Overcast’s growth through access to Armstrong’s portfolio of ceiling solutions and go-to-market platform. The innovative, integrated modular ceiling systems designed and manufactured by Overcast Innovations address some of the most significant challenges facing building owners, architects, designers, and contractors. The partnership reflects an initial equity investment in Overcast of approximately 20%, with future rights to increase its ownership interest. Additionally, Armstrong and McKinstry have both entered into strategic partnership agreements with Overcast to collaborate on supply arrangements, marketing, and communications and sales for Overcast’s integrated building solutions.

Armstrong World Industries, Inc. (NYSE: AWI) has launched a new ceiling product, Ultima® Templok®, featuring integrated phase change material (PCM) to reduce energy usage in commercial buildings. The company's research estimates that installing these tiles can reduce energy cost and consumption by up to 15% as measured in lab tests.

Armstrong World Industries, Inc. (AWI) has been named one of America’s Most Responsible Companies by Newsweek for the second consecutive year. The company's commitment to sustainability and corporate responsibility is reflected in its 2023 Building a Healthy Tomorrow sustainability report, highlighting key initiatives and progress around its core sustainability pillars: People, Planet, and Product.