Armstrong World Industries: Fourth Quarter Financial Overview
Armstrong World Industries Announces Fourth-Quarter Financial Results
Armstrong World Industries Inc., headquartered in Lancaster, Pennsylvania, disclosed a net income of $65.5 million for the fourth quarter.
The company reported earnings of $1.51 per share, with adjusted earnings—excluding one-time expenses—coming in at $1.61 per share.
These figures were below analyst projections, as the consensus estimate from four Zacks Investment Research analysts was $1.67 per share.
Revenue for the quarter reached $388.3 million, which did not meet Wall Street expectations. Analysts had anticipated revenue of $398.6 million.
For the full year, Armstrong World Industries recorded a profit of $308.7 million, or $7.08 per share, with total revenue amounting to $1.62 billion.
Looking ahead, the company forecasts annual earnings between $8.05 and $8.35 per share, and expects revenue to range from $1.75 billion to $1.79 billion.
Since the start of the year, Armstrong World Industries shares have risen by nearly 1%. Over the past year, the stock has gained 31%.
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