Reports Q4 revenue $312.3M, consensus $305.61M. “We delivered record fourth quarter net sales and adjusted EBITDA results, highlighted by adjusted EBITDA margin expansion in both our segments while continuing to face soft market conditions. These results contributed to record-setting sales and adjusted EBITDA for the full year that exceeded our guidance expectations,” said Vic Grizzle, President and CEO of Armstrong World Industries. “Our strong position and the momentum we’ve generated is a clear testament to the focused efforts of our teams to execute our strategy and deliver on our key initiatives along with the overall resilience of our business model.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on AWI:
- Armstrong World Declares Quarterly Dividend, Signals Financial Health
- Armstrong World price target raised to $110 from $88 at BofA
- Armstrong World price target raised to $98 from $84 at Loop Capital
- Armstrong World in strategic pact with McKinstry, no terms
- Armstrong World upgraded to Neutral from Sell at UBS
