Armstrong World (AWI) Tops Q3 EPS by 20c, Revenues Beat; Offers FY20 Revenue Guidance Above Consensus
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Armstrong World Industries Reports Third Quarter 2020 Results
October 27, 2020 6:01 AM EDTKey Highlights
Net sales of $246.3 million, down 11% versus the prior year quarterOperating income of $72.3 million, down 36% versus the prior year quarterAdjusted EBITDA down 19% versus the prior year quarterAcquired Turf Design and Moz Designs during the quarter2020 Guidance: Net Sales of $920-$935 million, EBITDA of $320-$330 million, and adjusted Free Cash Flow of $200-$210 millionLANCASTER, Pa., Oct. 27, 2020 (GLOBE NEWSWIRE) -- Â Armstrong World Industries, Inc. (NYSE: AWI), a leader in the design, innovation and manufacture of commercial and residential ceiling,... More
