ARMSTRONG WORLD INDUSTRIES INC
Business
Armstrong World Industries is an Americas leader in designing and manufacturing interior and exterior architectural applications including ceilings, specialty walls, and exterior metal solutions using materials such as mineral fiber, fiberglass, metal, felt, architectural resin, glass, wood, and glass-reinforced-gypsum. The company operates two reportable segments: Mineral Fiber, which produces suspended ceiling systems sold to distributors and contractors; and Architectural Specialties, which designs and produces specialty ceilings, walls, and exterior applications primarily for commercial construction. The company serves commercial construction markets in the United States, Canada, and Latin America through building materials distributors, home center customers, and direct sales channels.
Summary from 10-K filed 2026-02-24
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net sales | 1,621 | 1,446 | 1,295 | 1,233 | 1,107 | |
| Cost of goods sold | 962 | 864 | 798 | 784 | 701 | |
| Gross profit | 659 | 582 | 497 | 449 | 406 | |
| Selling, general and administrative expenses | 340 | 309 | 263 | 237 | 237 | |
| Loss related to change in fair value of contingent consideration | 1 | 2 | 100,000 | 11 | −4 | |
| (Gain) loss on sales of fixed assets, net | −800,000 | 600,000 | 0 | 0 | — | |
| Equity earnings from unconsolidated affiliates, net | −112 | −103 | −89 | −78 | −88 | |
| Operating income | 431 | 374 | 324 | 279 | 260 | |
| Interest expense | 33 | 40 | 35 | 27 | 23 | |
| Other non-operating (income), net | −2 | −13 | −10 | −6 | −6 | |
| Earnings before income taxes | 400 | 347 | 298 | 258 | 243 | |
| Income tax expense | 92 | 82 | 75 | 58 | 57 | |
| Net earnings | 309 | 265 | 224 | 203 | 183 | |
| Foreign currency translation adjustments | 2 | −3 | 500,000 | −2 | 0 | |
| Derivative (loss), net | −2 | −2 | −9 | 19 | 10 | |
| Pension and postretirement adjustments | 7 | −700,000 | 4 | −7 | −10 | |
| Total other comprehensive income (loss) | 7 | −6 | −5 | 10 | −300,000 | |
| Total comprehensive income | 316 | 259 | 219 | 212 | 183 | |
| Basic (per share) | 7.13 | 6.06 | 5 | 4.38 | 3.84 | |
| Diluted (per share) | 7.08 | 6.02 | 4.99 | 4.37 | 3.82 | |
| Basic (shares) | 43 | 44 | 45 | 46 | 48 | |
| Diluted (shares) | 44 | 44 | 45 | 46 | 48 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 113 | 79 | 71 | 106 | 98 | |
| Accounts and notes receivable, net | 130 | 134 | 111 | 112 | 109 | |
| Inventories, net | 125 | 110 | 104 | 110 | 90 | |
| Income taxes receivable | 0 | 4 | 800,000 | 2 | 1 | |
| Other current assets | 24 | 22 | 26 | 26 | 23 | |
| Total current assets | 392 | 349 | 313 | 357 | 322 | |
| Property, plant, and equipment, net | 631 | 599 | 566 | 554 | 543 | |
| Operating lease assets | 46 | 37 | 27 | 19 | 21 | |
| Finance lease assets | 36 | 35 | 25 | 16 | 18 | |
| Prepaid pension costs | 100 | 88 | 85 | 83 | 109 | |
| Investment in unconsolidated affiliates | 27 | 27 | 17 | 24 | 50 | |
| Goodwill | 218 | 203 | 176 | 167 | 167 | |
| Intangible assets, net | 425 | 455 | 412 | 408 | 421 | |
| Other non-current assets | 51 | 50 | 51 | 59 | 58 | |
| Total assets | 1,925 | 1,843 | 1,672 | 1,687 | 1,710 | |
| Current installments of long-term debt | 10 | 23 | 23 | 0 | 25 | |
| Accounts payable and accrued expenses | 237 | 215 | 160 | 173 | 175 | |
| Operating lease liabilities | 11 | 8 | 7 | 6 | 6 | |
| Finance lease liabilities | 6 | 4 | 3 | 2 | 2 | |
| Income taxes payable | 3 | 0 | 2 | 2 | 2 | |
| Total current liabilities | 267 | 250 | 195 | 183 | 210 | |
| Long-term debt, less current installments | 396 | 503 | 564 | 651 | 606 | |
| Operating lease liabilities | 38 | 30 | 20 | 13 | 16 | |
| Finance lease liabilities | 33 | 33 | 23 | 15 | 17 | |
| Postretirement benefit liabilities | 33 | 35 | 42 | 55 | 71 | |
| Pension benefit liabilities | 24 | 25 | 27 | 28 | 37 | |
| Other long-term liabilities | 34 | 28 | 27 | 26 | 47 | |
| Income taxes payable | 6 | 15 | 15 | 13 | 20 | |
| Deferred income taxes | 193 | 167 | 167 | 169 | 167 | |
| Total non-current liabilities | 757 | 836 | 886 | 970 | 981 | |
| Common stock, $0.01 par value per share, 200 million shares authorized, 63,300,018 shares issued and 42,916,593 shares outstanding as of December 31, 2025 and 63,176,007 shares issued and 43,561,649 shares outstanding as of December 31, 2024 | 600,000 | 600,000 | 600,000 | 600,000 | 600,000 | |
| Capital in excess of par value | 617 | 604 | 592 | 574 | 561 | |
| Retained earnings | 1,814 | 1,561 | 1,347 | 1,170 | 1,011 | |
| Treasury stock, at cost, 20,383,425 shares as of December 31, 2025 and 19,614,358 shares as of December 31, 2024 | −1,428 | −1,298 | −1,242 | −1,109 | −944 | |
| Accumulated other comprehensive (loss) | −103 | −110 | −105 | −100 | −110 | |
| Total shareholders' equity | 901 | 757 | 592 | 535 | 520 | |
| Total liabilities and shareholders' equity | 1,925 | 1,843 | 1,672 | 1,687 | 1,710 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 120 | 103 | 89 | 84 | 97 | |
| Deferred income taxes | 24 | 200,000 | −800,000 | −2 | 9 | |
| Share-based compensation | 22 | 18 | 19 | 14 | 11 | |
| Payments of contingent consideration in excess of acquisition date fair value | −700,000 | 0 | −5 | −2 | 0 | |
| Write-off of debt refinancing fees | 200,000 | 0 | 0 | 600,000 | 0 | |
| Other non-cash adjustments, net | 2 | −100,000 | −500,000 | 300,000 | 1 | |
| Receivables | −8 | −25 | −2 | −12 | −31 | |
| Inventories | −13 | 2 | 6 | −20 | −11 | |
| Accounts payable and accrued expenses | 28 | 27 | 8 | −2 | 39 | |
| Income taxes receivable and payable, net | −2 | −5 | 3 | −7 | −2 | |
| Other assets and liabilities | −15 | −18 | −19 | −9 | −17 | |
| Net cash provided by operating activities | 356 | 267 | 234 | 182 | 187 | |
| Purchases of property, plant and equipment | −109 | −83 | −84 | −75 | −80 | |
| Return of investment from joint venture | 113 | 98 | 97 | 105 | 78 | |
| Acquisitions, net of cash acquired | −14 | −124 | −27 | −3 | −700,000 | |
| Investment in unconsolidated affiliate | 0 | −6 | 0 | −3 | — | |
| Proceeds from the sales of fixed assets | 1 | 24 | 0 | 0 | 100,000 | |
| Proceeds from company-owned life insurance, net | 6 | 10 | 3 | 1 | 0 | |
| Net cash (used for) provided by investing activities | −4 | −79 | −10 | 28 | −14 | |
| Proceeds from revolving credit facility | 10 | 138 | 55 | 355 | 95 | |
| Payments of revolving credit facility | −110 | −178 | −120 | −315 | −155 | |
| Proceeds from long-term debt | 411 | 0 | 0 | 450 | 0 | |
| Payments of long-term debt | −428 | −23 | 0 | −469 | −25 | |
| Financing costs | −3 | 0 | 0 | −3 | 0 | |
| Payments for finance leases | −6 | −3 | −3 | −2 | −2 | |
| Dividends paid | −55 | −51 | −47 | −44 | −41 | |
| Payments of tax withholdings for share-based compensation plans, net of issuances | −9 | −5 | −2 | — | — | |
| Payments of acquisition related contingent consideration | −800,000 | 0 | −10 | −7 | 0 | |
| Payments for treasury stock acquired, including excise taxes | −129 | −56 | −132 | −165 | −80 | |
| Other financing activities | −400,000 | 0 | 0 | — | — | |
| Net cash (used for) financing activities | −319 | −178 | −259 | −202 | −212 | |
| Effect of exchange rate changes on cash and cash equivalents | 800,000 | −1 | 300,000 | — | — | |
| Net increase (decrease) in cash and cash equivalents | 33 | 9 | −35 | 8 | −39 | |
| Interest paid | 30 | 37 | 34 | 27 | 22 | |
| Income tax payments, net | 69 | 88 | 72 | 63 | 53 | |
| Amounts in accounts payable for capital expenditures | 7 | 5 | 2 | 3 | 300,000 | |
| Purchases of property, plant and equipment through vendor financing | 3 | 1 | 0 | 0 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is ARMSTRONG WORLD INDUSTRIES INC's CIK number?
ARMSTRONG WORLD INDUSTRIES INC's SEC CIK number is 0000007431 (7431). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find ARMSTRONG WORLD INDUSTRIES INC's SEC filings?
All of ARMSTRONG WORLD INDUSTRIES INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did ARMSTRONG WORLD INDUSTRIES INC last report earnings?
ARMSTRONG WORLD INDUSTRIES INC (AWI) most recently filed an earnings 8-K with the SEC on Apr 28, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-183353). This is ARMSTRONG WORLD INDUSTRIES INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is ARMSTRONG WORLD INDUSTRIES INC's most recent earnings 8-K?
ARMSTRONG WORLD INDUSTRIES INC's latest earnings 8-K (Item 2.02) was filed Apr 28, 2026 under accession 0001193125-26-183353. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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