Armstrong World Industries: Q1 Earnings Snapshot
By Ap News
Published - Apr 30, 2024, 06:13 AM ET
Last Updated - May 27, 2024, 01:05 AM EDT
LANCASTER, Pa. (AP) — LANCASTER, Pa. (AP) — Armstrong World Industries Inc. (AWI) on Tuesday reported first-quarter profit of $59.9 million.
The Lancaster, Pennsylvania-based company said it had net income of $1.36 per share. Earnings, adjusted for one-time gains and costs, came to $1.38 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share.
The ceiling and wall systems manufacturer posted revenue of $326.3 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $317.8 million.
