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Armstrong World Industries, Inc. logo

Armstrong World Industries, Inc.

AWI

NYSEBasic MaterialsConstruction Materials

Open in GoAI

Regular session

$178.97

+$0.425 · +0.24%

Aug 24, 10:10 AM ET

AWI company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

91

Deep Value

Momentum

34

Weakening

Sentiment

72

Bullish

Risk resilience

66

Moderate Risk

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Thesis, catalysts, evidence, and risk analysis.

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AI-generated, informational only, and not investment advice.

Company profile

Company website

Armstrong World Industries, Inc. (AWI) specializes in the design, manufacturing, and distribution of diverse ceiling systems, primarily catering to the construction and renovation needs of residential and commercial properties across the United States, Canada, and Latin America. The company operates through two main divisions: Mineral Fiber and Architectural Specialties. AWI's extensive product portfolio includes suspended ceilings made from mineral fiber, soft fiber, fiberglass wool, and metal, as well as ceiling and wall solutions crafted from wood, wood fiber, glass-reinforced-gypsum, and felt. They also provide crucial ceiling components such as perimeters, trims, and grid systems for drywall installations, in addition to commercial-grade ceilings and walls, acoustical control products, exterior facades, and room partitions. AWI sells its commercial ceiling and architectural specialty products to resale distributors and professional ceiling system contractors, while its residential offerings are distributed via wholesalers and prominent retailers, including large home improvement centers. The company was founded in 1891 and maintains its headquarters in Lancaster, Pennsylvania.

Industry
Construction Materials
Sector
Basic Materials
Headquarters
US
CEO
Mark A. Hershey
Listed since
Oct 18, 2006
Employees
4,000

Market position

Day range

Current $178.97

52-week range

Current $178.97

Open
$179.12
Previous close
$178.54
Volume
17.65K
0.04× average
Average volume
455.96K
Average daily volume
Market cap
7.56B USD
Beta
1.17
Market reference 1
50-day average
$166
+7.81% above average
200-day average
$175.05
+2.24% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
8.75B USD
P/E (TTM)
24.48×
P/B (TTM)
8.6×
P/S (TTM)
4.46×
EV / EBITDA
15.8×
Earnings yield
3.71%
Free cash flow yield
2.95%
Dividend yield
0.76%

Profitability & efficiency

Gross margin
40.30%
Operating margin
29.23%
Net margin
18.60%
Return on equity
34.27%
Return on assets
16.04%
Return on invested capital
19.73%

Financial health

Debt / equity
0.66×
Current ratio
1.46×
Altman Z-score
6.99
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends43%33%23%13%Gross margin, FY2021: 36.68%Gross margin, FY2022: 36.44%Gross margin, FY2023: 38.37%Gross margin, FY2024: 40.23%Gross margin, FY2025: 40.64%Operating margin, FY2021: 15.20%Operating margin, FY2022: 17.20%Operating margin, FY2023: 18.11%Operating margin, FY2024: 18.89%Operating margin, FY2025: 26.59%Net margin, FY2021: 16.72%Net margin, FY2022: 16.19%Net margin, FY2023: 17.27%Net margin, FY2024: 18.32%Net margin, FY2025: 19.05%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 36.68%. Gross margin FY2022 36.44%. Gross margin FY2023 38.37%. Gross margin FY2024 40.23%. Gross margin FY2025 40.64%. Operating margin FY2021 15.20%. Operating margin FY2022 17.20%. Operating margin FY2023 18.11%. Operating margin FY2024 18.89%. Operating margin FY2025 26.59%. Net margin FY2021 16.72%. Net margin FY2022 16.19%. Net margin FY2023 17.27%. Net margin FY2024 18.32%. Net margin FY2025 19.05%.

Income trends

Revenue

1.62B USD+12.11%

Operating income

430.9M USD+57.78%

Net income

308.7M USD+16.53%
Income trends across reported periods1.77B USD1.19B USD603.98M USD22.94M USDRevenue, FY2021: 1.11B USDRevenue, FY2022: 1.23B USDRevenue, FY2023: 1.3B USDRevenue, FY2024: 1.45B USDRevenue, FY2025: 1.62B USDOperating income, FY2021: 168.2M USDOperating income, FY2022: 212.1M USDOperating income, FY2023: 234.5M USDOperating income, FY2024: 273.1M USDOperating income, FY2025: 430.9M USDNet income, FY2021: 185M USDNet income, FY2022: 199.6M USDNet income, FY2023: 223.7M USDNet income, FY2024: 264.9M USDNet income, FY2025: 308.7M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.11B USD. Revenue FY2022 1.23B USD. Revenue FY2023 1.3B USD. Revenue FY2024 1.45B USD. Revenue FY2025 1.62B USD. Operating income FY2021 168.2M USD. Operating income FY2022 212.1M USD. Operating income FY2023 234.5M USD. Operating income FY2024 273.1M USD. Operating income FY2025 430.9M USD. Net income FY2021 185M USD. Net income FY2022 199.6M USD. Net income FY2023 223.7M USD. Net income FY2024 264.9M USD. Net income FY2025 308.7M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue1.62B USD1.45B USD1.3B USD1.23B USD1.11B USD
Cost of goods sold962.1M USD864.1M USD798.2M USD783.8M USD700.7M USD
Gross profit658.7M USD581.6M USD497M USD449.3M USD405.9M USD
Research and development————14.6M USD
Selling, general, and administrative339.5M USD302M USD262.5M USD237M USD222.8M USD
Operating expenses227.8M USD308.5M USD262.5M USD237.2M USD237.7M USD
Interest income—3.8M USD3.5M USD500K USD100K USD
Interest expense33M USD45.3M USD46.8M USD27.1M USD31.4M USD
Depreciation and amortization120.4M USD103.2M USD89.2M USD83.7M USD96.5M USD
Operating income430.9M USD273.1M USD234.5M USD212.1M USD168.2M USD
Net income308.7M USD264.9M USD223.7M USD199.6M USD185M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
82%
9 beats, 2 misses, 0 met estimates
Average EPS surprise
+6.42%
11 comparable reports
Latest EPS result
2.36
Estimate 2.25 · Beat by 4.89%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates2.452.061.671.28Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 25, 2025: actual 1.5, estimate 1.37, surprise +9.49%, Beat. Q2 2025, reported Apr 29, 2025: actual 1.66, estimate 1.55, surprise +7.10%, Beat. Q3 2025, reported Jul 29, 2025: actual 2.09, estimate 1.75, surprise +19.43%, Beat. Q4 2025, reported Oct 28, 2025: actual 2.05, estimate 1.99, surprise +3.02%, Beat. Q1 2026, reported Feb 24, 2026: actual 1.61, estimate 1.67, surprise -3.59%, Miss. Q2 2026, reported Apr 28, 2026: actual 1.69, estimate 1.82, surprise -7.14%, Miss. Q3 2026, reported Jul 28, 2026: actual 2.36, estimate 2.25, surprise +4.89%, Beat. Q4 2026, reported Oct 27, 2026: actual —, estimate 2.36, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates491.48M443.01M394.54M346.07MQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 25, 2025: actual 367.7M USD, estimate 364.98M USD, surprise +0.75%, Beat. Q2 2025, reported Apr 29, 2025: actual 382.7M USD, estimate 402.02M USD, surprise -4.81%, Miss. Q3 2025, reported Jul 29, 2025: actual 424.6M USD, estimate 421.82M USD, surprise +0.66%, Beat. Q4 2025, reported Oct 28, 2025: actual 425.2M USD, estimate 400.87M USD, surprise +6.07%, Beat. Q1 2026, reported Feb 24, 2026: actual 388.3M USD, estimate 400.91M USD, surprise -3.15%, Miss. Q2 2026, reported Apr 28, 2026: actual 410M USD, estimate 409.46M USD, surprise +0.13%, Beat. Q3 2026, reported Jul 28, 2026: actual 472M USD, estimate 461.67M USD, surprise +2.24%, Beat. Q4 2026, reported Oct 27, 2026: actual —, estimate 472.57M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$197.67

10.45% upside
Past 12 months12-month forecastHigh $203Average $197.67Low $190

Rating distribution

26 ratings
Strong buy00%
Buy1454%
Hold1142%
Sell14%
Strong sell00%

Recent analyst actions

8 institutions
JP MorganmaintainOverweight
JefferiesmaintainHold

AWI news

defenseworld.net

Callan Family Office LLC Buys New Holdings in Armstrong World Industries, Inc. $AWI

Callan Family Office LLC purchased a new position in shares of Armstrong World Industries, Inc. (NYSE: AWI) during the undefined quarter, according to its most recent 13F filing with the SEC. The firm purchased 11,948…

Read source
defenseworld.net

Bank of Nova Scotia Makes New Investment in Armstrong World Industries, Inc. $AWI

Bank of Nova Scotia acquired a new stake in Armstrong World Industries, Inc. (NYSE: AWI) during the undefined quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired…

Read source
defenseworld.net

Danske Bank A S Invests $531,000 in Armstrong World Industries, Inc. $AWI

Danske Bank A S bought a new stake in Armstrong World Industries, Inc. (NYSE: AWI) in the undefined quarter, according to its most recent 13F filing with the SEC. The firm bought 3,311 shares of the construction…

Read source
defenseworld.net

Danske Bank A S Invests $531,000 in Armstrong World Industries, Inc. $AWI

Danske Bank A S bought a new stake in Armstrong World Industries, Inc. (NYSE: AWI) in the undefined quarter, according to its most recent 13F filing with the SEC. The firm bought 3,311 shares of the construction…

Read source
defenseworld.net

Head-To-Head Analysis: Armstrong World Industries (NYSE:AWI) versus MasterBrand (NYSE:MBC)

Armstrong World Industries (NYSE: AWI - Get Free Report) and MasterBrand (NYSE: MBC - Get Free Report) are both industrials companies, but which is the superior investment? We will compare the two companies based on the…

Read source
seekingalpha.com

Dividend Champion, Contender, And Challenger Highlights: Week August 16

A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates.

Read source

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.263

2025 complete year+46.7% since 2021

2026 partial: $1.017

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Aug 5, 2026

$0.339

Quarterly

Record Aug 5, 2026 · Payment Aug 19, 2026

Dividend

Ex-dividend May 11, 2026

$0.339

Quarterly

Record May 11, 2026 · Payment May 26, 2026

Dividend

Ex-dividend Mar 5, 2026

$0.339

Quarterly

Record Mar 5, 2026 · Payment Mar 19, 2026

Dividend

Ex-dividend Nov 6, 2025

$0.339

Quarterly

Record Nov 6, 2025 · Payment Nov 20, 2025

Dividend

Ex-dividend Aug 7, 2025

$0.308

Quarterly

Record Aug 7, 2025 · Payment Aug 21, 2025

Dividend

Ex-dividend May 8, 2025

$0.308

Quarterly

Record May 8, 2025 · Payment May 22, 2025

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ETFs holding AWI

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core S&P Small-Cap ETF logoiShares Core S&P Small-Cap ETFIJR
Market value
465.46M
Weight
0.41%
AUM
111.19B USD
Expense ratio
0.06%
Price / 1D
$147.05-0.18%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
237.39M
Weight
0.01%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$376.84-0.37%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
171.27M
Weight
0.09%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$303.53-0.40%
Vanguard Morningstar Small-Cap Growth ETF logoVanguard Morningstar Small-Cap Growth ETFVBK
Market value
99.16M
Weight
0.22%
AUM
43.8B USD
Expense ratio
0.05%
Price / 1D
$354.35-1.20%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
85.84M
Weight
0.09%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$243.73-0.74%
State Street SPDR Portfolio S&P 600 Small Cap ETF logoState Street SPDR Portfolio S&P 600 Small Cap ETFSPSM
Market value
71.29M
Weight
0.42%
AUM
17.03B USD
Expense ratio
0.03%
Price / 1D
$57.185-0.17%
iShares S&P Small-Cap 600 Growth ETF logoiShares S&P Small-Cap 600 Growth ETFIJT
Market value
70.81M
Weight
0.84%
AUM
8.22B USD
Expense ratio
0.18%
Price / 1D
$173.3-0.35%
Invesco S&P SmallCap Momentum ETF logoInvesco S&P SmallCap Momentum ETFXSMO
Market value
48.81M
Weight
1.62%
AUM
3.04B USD
Expense ratio
0.36%
Price / 1D
$85.42-0.73%

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