Armstrong World Industries: 2Q Earnings Snapshot

July 31, 2018

LANCASTER, Pa. (AP) _ Armstrong World Industries Inc. (AWI) on Tuesday reported second-quarter earnings of $47.3 million.

On a per-share basis, the Lancaster, Pennsylvania-based company said it had profit of 89 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were $1.01 per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share.

The ceiling and wall systems manufacturer posted revenue of $248.6 million in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $246 million.

Armstrong World Industries shares have increased 11 percent since the beginning of the year. The stock has increased 51 percent in the last 12 months.


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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