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Armstrong World Industries: 2Q Earnings Snapshot

July 29, 2019

LANCASTER, Pa. (AP) _ Armstrong World Industries Inc. (AWI) on Monday reported second-quarter profit of $54.5 million.

On a per-share basis, the Lancaster, Pennsylvania-based company said it had profit of $1.09. Earnings, adjusted for one-time gains and costs, came to $1.27 per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.18 per share.

The ceiling and wall systems manufacturer posted revenue of $272 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $279.7 million.

Armstrong World Industries shares have climbed 71% since the beginning of the year. The stock has increased 45% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AWI at https://www.zacks.com/ap/AWI

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