Armstrong World Industries, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 24, 2023 at 06:08 am EDT
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Armstrong World Industries, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 347.3 million compared to USD 325 million a year ago. Net income was USD 69.5 million compared to USD 57.5 million a year ago. Diluted earnings per share from continuing operations was USD 1.56 compared to USD 1.18 a year ago. Diluted earnings per share was USD 1.56 compared to USD 1.25 a year ago.
For the nine months, sales was USD 982.9 million compared to USD 928.6 million a year ago. Net income was USD 177 million compared to USD 154.1 million a year ago. Diluted earnings per share from continuing operations was USD 3.93 compared to USD 3.23 a year ago. Diluted earnings per share was USD 3.93 compared to USD 3.29 a year ago.
Armstrong World Industries, Inc. designs, innovates, and manufactures ceiling and wall system solutions. The Company manufactures and sources products made of numerous materials, including mineral fiber, fiberglass wool, metal, wood, wood fiber, glass-reinforced-gypsum and felt. It also manufactures ceiling suspension system (grid) products. Its Mineral Fiber segment produces suspended mineral fiber and soft fiber ceiling systems. Its products offer various performance attributes, such as acoustical control, rated fire protection, and energy efficiency. Its Architectural Specialties segment produces, designs and sources ceilings, walls and facades for use in commercial settings. Its products are available in metal, felt and wood, in addition to various colors, shapes and designs. It sells standard, premium and customized products. It is also engaged in designing and manufacturing sustainably crafted architectural resins and glass for ceilings, walls and other interior applications.