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Armstrong World Industries, Inc. announced that Jennifer O. Kozak has been appointed Senior Vice President, Chief Human Resources Officer and a member of the Executive Leadership Team, effective September 9, 2026.
Kozak brings more than 25 years of global human resources experience and joins from Enviri, where she served as Senior Vice President and Chief Human Resources Officer overseeing a workforce of approximately 12,000 employees. Her background spans public and private industrial organizations, including roles at SUEZ Water Technologies & Solutions, General Electric and companies in the steel and chemical industries.
Armstrong describes itself as an Americas leader in interior and exterior architectural applications, generating $1.6 billion in revenue in 2025 with approximately 4,000 employees and a manufacturing network of 24 facilities, plus seven facilities dedicated to its WAVE joint venture.
Armstrong World Industries reported Q2 2026 net sales of $472.0 million, up from $424.6 million a year earlier. Net earnings were $96.7 million versus $87.8 million, with diluted EPS of $2.26 compared with $2.01. For the first six months of 2026, net sales were $881.9 million and net earnings $163.5 million, up from $807.3 million and $156.9 million, respectively.
Mineral Fiber segment sales were $288.2 million with operating income of $105.3 million, while Architectural Specialties delivered sales of $183.8 million and operating income of $29.4 million. Recent acquisitions (Eventscape, Parallel and Geometrik) contributed $16.9 million of first-half sales and a $2.6 million operating loss.
At June 30, 2026, total assets were $2,006.8 million, shareholders’ equity $884.3 million and total long-term debt including current portion $492.0 million. Cash and cash equivalents were $78.6 million. Net cash provided by operating activities for the first half was $125.9 million. The WAVE joint venture generated $61.0 million of equity earnings in the first half. Effective April 1, 2026, Victor Grizzle became Executive Chair and Mark Hershey was appointed President and CEO.
Armstrong World Industries reported strong second-quarter 2026 results, with consolidated net sales of $472.0 million, up 11.2% from a year earlier. Operating income was $133.8 million and net earnings $96.7 million, increases of 8.6% and 10.1%, respectively. Diluted EPS rose 12.4% to $2.26, while adjusted diluted EPS grew 12.9% to $2.36.
The Mineral Fiber segment delivered net sales of $288.2 million, up 7.9%, driven by favorable Average Unit Value and higher volumes, with an adjusted EBITDA margin of 44.7%. Architectural Specialties net sales rose 16.6% to $183.8 million, supported by organic growth and recent acquisitions, and produced an adjusted EBITDA margin of 20.4%.
Year-to-date adjusted free cash flow reached $147 million. The company repurchased 0.5 million shares in the quarter for $75 million at an average price of $163.20. The Board expanded the share repurchase authorization by $800 million, bringing total authorization to $2.5 billion through December 2029. For 2026, guidance now targets net sales of $1.77–$1.80 billion, adjusted EBITDA of $605–$620 million, adjusted EPS of $8.30–$8.50, and adjusted free cash flow of $380–$395 million, all implying high single- to mid-teens percentage growth over 2025.
Armstrong World Industries expanded its shareholder return plans. The board approved an additional $800 million authorization for the existing share repurchase program, raising total authorization to $2.5 billion and extending the program through December 31, 2029.
The company may repurchase shares in open-market, block or privately negotiated transactions, including under Rule 10b5-1 plans, and the program can be suspended or discontinued. The board also declared a quarterly cash dividend of $0.339 per share, payable August 19, 2026 to shareholders of record on August 5, 2026.
Armstrong reports $1.6 billion in 2025 revenue, about 4,000 employees and 24 manufacturing facilities, plus seven facilities in its WAVE joint venture.
Armstrong World Industries held its Annual Meeting of Shareholders, where investors elected all nine director nominees to the Board. Shareholders also ratified KPMG LLP as independent registered public accounting firm for the 2026 fiscal year, approved the 2026 Directors Stock Unit Plan, and gave advisory approval to the executive compensation program.
Following the meeting, the Board assigned directors to its standing committees, naming Barbara L. Loughran as Chair of the Audit Committee, Roy W. Templin as Chair of the Finance Committee, Wayne R. Shurts as Chair of the Management Development & Compensation Committee, and Richard D. Holder as Chair of the Nominating, Governance & Social Responsibility Committee.
TEMPLIN ROY W reported acquisition or exercise transactions in this Form 4 filing.
Armstrong World Industries director Roy W. Templin received a grant of 1,265 restricted stock units as the equity portion of his annual Board retainer under the company’s 2016 Directors Stock Unit Plan and nonemployee Director Compensation Program.
The units vest if he continues serving until the next annual shareholders meeting, or earlier upon death, total and permanent disability, or a Change in Control as defined in the plan. Vested units become acquirable at either that next annual meeting or upon his termination of service, at his election. Following this grant, he holds 20,716 units, including vested, unvested, and not-yet-acquirable units.
Shurts Wayne reported acquisition or exercise transactions in this Form 4 filing.
Armstrong World Industries director Wayne Shurts received an equity grant as part of his board compensation. He was awarded 876 restricted stock units of common stock on June 12, 2026 at no cash cost, increasing his direct holdings to 9,755.451 units.
The units were granted under the 2016 Directors Stock Unit Plan and the company’s nonemployee Director Compensation Program. They vest, contingent on continued board service, on the earlier of the next annual shareholders meeting, his death or total and permanent disability, or a Change in Control as defined in the plan.
Pitre Kathleen reported acquisition or exercise transactions in this Form 4 filing.
Armstrong World Industries director Kathleen Pitre received a grant of 876 restricted stock units on June 12, 2026 as the equity portion of her annual Board retainer under the nonemployee Director Compensation Program.
The grant’s fair value is based on the closing share price of $154.21 on June 12, 2026, calculated under Accounting Standards Codification Topic 718. These units vest, contingent on continued Board service, on the earlier of the next annual shareholders meeting, the director’s death or total and permanent disability, or a Change in Control under the 2016 Directors Stock Unit Plan. Following this award, she holds a total of 1,703 units, including vested, unvested, and not-yet-acquirable units.
Osborne William H reported acquisition or exercise transactions in this Form 4 filing.
Armstrong World Industries director William H. Osborne received an equity grant as part of his annual board compensation. On June 12, 2026, he was awarded 876 restricted stock units with no cash paid per unit. The grant represents the equity portion of his retainer under the company’s nonemployee Director Compensation Program and was valued using the closing common share price of $154.21 on the grant date under accounting rule ASC 718. Following this grant, Osborne holds 4,817 restricted stock units in total, including vested and unvested units and some that are not yet acquirable until a future vesting or service-termination date, consistent with the 2016 Directors Stock Unit Plan.
Loughran Barbara reported acquisition or exercise transactions in this Form 4 filing.
Armstrong World Industries director Barbara Loughran received an equity grant of 876 restricted stock units as part of her annual Board retainer. The units were granted under the 2016 Directors Stock Unit Plan and the company’s nonemployee Director Compensation Program. They vest contingent on her continued Board service, or earlier upon death, total and permanent disability, or a defined Change in Control. The grant date fair value was based on the company’s June 12, 2026 closing share price of $154.21. After this award, she holds a total of 9,744 units, including vested, unvested and units not yet acquirable.