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Armstrong World Industries, Inc. (AWI) is a global leader in the design and manufacture of innovative commercial and residential ceiling, wall, and suspension system solutions. With over 3,700 employees and fiscal 2015 revenues from ceiling operations exceeding $1.2 billion, AWI operates from a global manufacturing network of 24 facilities, including nine plants dedicated to its WAVE joint venture.
AWI’s commitment to collaboration and innovation has consistently driven the development of advanced ceiling solutions that significantly enhance everyday environments. Their products are not only aesthetically pleasing but also provide acoustical properties to control sound and noise within various spaces. AWI's portfolio includes mineral fiber, fiberglass wool, metal, wood, wood fiber, glass-reinforced gypsum, and felt.
The company also manufactures ceiling suspension systems through its joint venture with Worthington Industries, Inc., known as Worthington Armstrong Venture (WAVE). AWI's solutions enhance comfort, save time, improve building efficiency, and create beautiful spaces, making a positive impact in settings where people live, work, learn, heal, and play.
As a key player in the interiors market, AWI’s products are integral to numerous construction projects, ranging from offices and schools to healthcare facilities and entertainment venues. The company's latest achievements and ongoing projects reflect its dedication to quality and innovation in creating environments that are both functional and visually appealing.
Armstrong World Industries (NYSE:AWI) and Worthington Enterprises (NYSE:WOR) announced that their joint venture, Worthington Armstrong (WAVE), has acquired the assets of Data Center Resources, (DCR). This acquisition includes DCR's Cool Shield brand, which specializes in customizable, modular aisle containment solutions for data centers.
The acquisition aims to expand WAVE's design and manufacturing capabilities in the data center market. Cool Shield solutions are designed to optimize power usage and increase cooling efficiency, resulting in lower operating costs and reduced strain on electrical grid infrastructure. WAVE plans to integrate these solutions with their DynaMax® structural grid and Armstrong ceiling products to offer comprehensive, energy-efficient solutions for data centers.
Armstrong World Industries (NYSE:AWI) reported strong Q2 2024 results, with net sales up 12.2% to $365.1 million and operating income up 9.2% to $95 million. The growth was driven by solid Mineral Fiber average unit value (AUV) improvements and acquisitions in the Architectural Specialties segment. Adjusted EBITDA increased 12.5% to $125 million, while adjusted diluted EPS grew 17.4% to $1.62.
The Mineral Fiber segment saw 6.9% sales growth to $250.2 million, while Architectural Specialties sales jumped 25.7% to $114.9 million. Based on the strong performance, AWI raised its full-year 2024 guidance, now expecting 9-11% net sales growth and 10-13% adjusted EBITDA growth.
Armstrong World Industries (NYSE:AWI), a leading manufacturer of ceiling and wall solutions, has announced a quarterly cash dividend of $0.28 per share of common stock. The dividend will be paid on August 22, 2024, to stockholders of record as of the close of business on August 8, 2024. The company's Board of Directors will determine future dividends and capital allocations based on factors such as financial position, results of operations, and cash flow.
Armstrong World Industries (NYSE: AWI), a leader in ceiling and wall solutions in the Americas, will announce its Q2 2024 earnings before market opens on Tuesday, July 30. The company will host a conference call at 10:00 a.m. ET to discuss the results, accessible via a live webcast on their Investor Relations page. Attendees can use a Listen Only link to join the webcast without asking questions or register for the call to receive personalized dial-in information. A replay will be available on the same page.
Armstrong World Industries (NYSE: AWI), a key player in ceiling and wall solutions, has been named one of the Best Companies to Work For in Manufacturing by U.S. News & World Report for the second straight year.
CEO Vic Grizzle attributes this recognition to the company's focus on fostering teamwork, inclusivity, and well-being. U.S. News assessed several workplace factors, including compensation, benefits, work-life balance, and career development, across 549 companies in the Russell 3000 index.
This achievement underscores Armstrong's commitment to creating a supportive work environment that enhances employee satisfaction and contributes to long-term success.
Armstrong World Industries (AWI) has released its fourth annual sustainability report, 'Building Better Together.' The 2023 report showcases notable progress towards AWI's 2030 sustainability targets, focusing on Healthy and Circular Products, Healthy Planet, and Thriving People and Communities.
Key achievements include 61% of total product sales and 80% of Mineral Fiber product sales being free of chemicals of concern, a 12% reduction in Scope 1 and Scope 2 emissions from the 2019 baseline, and increasing renewable electricity sourcing to 17% from 0% in 2019.
Additional highlights include support for 75 community organizations and a 21% reduction in the total recordable injury rate compared to the previous year. The introduction of energy-saving Ultima® Templok® ceiling panels marks AWI's commitment to innovative and sustainable solutions.
Armstrong World Industries (NYSE: AWI) has introduced new Ultima® Low Embodied Carbon (LEC) ceiling panels, aimed at reducing the environmental impact of commercial buildings.
These panels, along with the recently launched Ultima® Templok®, focus on minimizing operational and embodied carbon through innovative technologies like wood-based biochar. Ultima LEC panels offer a 43% reduction in embodied carbon and are USDA-verified as 100% biobased content.
These products support decarbonization and circularity in building design, construction, and operation. AWI also provides tools and services like ProjectWorks™ to enhance labor efficiency and reduce material waste. The company has a longstanding commitment to sustainability, including a ceiling tile recycling program that has diverted 220 million square feet of old materials from landfills.
Armstrong World Industries, a leader in ceiling and wall solutions, will attend the Bank of America Transportation, Airlines and Industrials Conference on May 15, 2024. President & CEO Vic Grizzle and CFO Chris Calzaretta will host investor meetings. An updated Investor Presentation will be available on May 15 on the company's Investor Relations website.
Armstrong World Industries, Inc. (NYSE:AWI) reported record-setting first-quarter 2024 results with a 5% increase in net sales, 23% rise in operating income, and 31% surge in diluted net earnings per share. The company announced the acquisition of 3form, to expand Architectural Specialties portfolio. Full-year 2024 guidance has been raised, reflecting strong sales and earnings growth.
Armstrong World Industries, Inc. (NYSE:AWI) has acquired 3form, , a leading designer of architectural resins and glass, to enhance its Architectural Specialties portfolio. 3form brings unique materials, design capabilities, and sustainable solutions to transform spaces, expanding Armstrong's ability to provide innovative solutions to architects and designers.
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