OverviewSuggest Edit

Armstrong World Industries is a company that designs and manufactures commercial and residential ceiling, wall, and suspension system solutions. Its Mineral Fiber segment produces suspended mineral fiber and soft fiber ceiling systems for use in commercial and residential settings, as well as suspension system (grid) products and ceiling component products. The Architectural Specialties segment produces and sources ceilings and walls for use in commercial settings, providing products available in materials, such as metal and wood, in addition to various colors, shapes, and designs.
TypePublic
Founded1860
HQLancaster, PA, US
Websitearmstrong.com
Overall CultureA+

Latest Updates

Employees (est.) (Jun 2020)2,500
Revenue (FY, 2020)$936.9 M(-9%)
Share Price (Dec 2021)$116.1
Cybersecurity ratingBMore
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Key People/Management at Armstrong World Industries

Vic Grizzle

Vic Grizzle

President & Chief Executive Officer, Director
Charlie Chiappone

Charlie Chiappone

Senior Vice President, Ceiling & Wall Solutions
Ellen Romano

Ellen Romano

Senior Vice President, Human Resources
Jill Crager

Jill Crager

Vice President of Digitalization
Mark Hershey

Mark Hershey

General Counsel & Chief Compliance Officer
Brian MacNeal

Brian MacNeal

Chief Financial Officer
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Armstrong World Industries Office Locations

Armstrong World Industries has offices in Lancaster, Hilliard, Macon, Marietta and in 4 other locations
Lancaster, PA, US (HQ)
2500 Columbia Ave
Hilliard, OH, US
PO Box 580, 4241 Leap Road, Bldg A
Macon, GA, US
4520 Broadway
Marietta, PA, US
1507 River Rd
Millwood, WV, US
141 Sensenich Drive
North Las Vegas, NV, US
4525 N Walnut Rd
Show all (8)

Armstrong World Industries Financials and Metrics

Armstrong World Industries Revenue

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Armstrong World Industries's revenue was reported to be $936.9 m in FY, 2020 which is a 9.7% decrease from the previous period.
USD

Revenue (Q2, 2021)

280.0m

Gross profit (Q2, 2021)

104.9m

Gross profit margin (Q2, 2021), %

37.5%

Net income (Q2, 2021)

55.1m

EBIT (Q2, 2021)

78.3m

Market capitalization (31-Dec-2021)

5.5b

Closing stock price (31-Dec-2021)

116.1

Cash (30-Jun-2021)

119.0m

EV

6.1b
Armstrong World Industries's current market capitalization is $5.5 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

975.3m1.0b936.9m

Revenue growth, %

6%(10%)

Cost of goods sold

641.8m643.0m603.8m

Gross profit

333.5m395.1m333.1m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

242.1m272.0m277.1m248.7m203.2m246.3m251.9m280.0m

Cost of goods sold

150.7m168.6m165.4m157.4m135.4m155.1m164.4m175.1m

Gross profit

91.4m103.4m111.7m91.3m67.8m91.2m87.5m104.9m

Gross profit Margin, %

38%38%40%37%33%37%35%37%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

325.7m45.3m136.9m

Accounts Receivable

79.9m85.1m78.3m

Inventories

61.2m68.5m81.5m

Current Assets

752.8m244.4m311.8m
Quarterly
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

185.9m214.5m(99.1m)

Depreciation and Amortization

79.4m72.1m84.0m

Inventories

(8.9m)(7.2m)(7.7m)

Accounts Payable

5.4m(19.9m)(11.8m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Net Income

39.1m93.6m166.8m(226.2m)(175.9m)(121.9m)35.4m90.5m

Depreciation and Amortization

15.1m33.8m52.4m18.2m37.5m61.6m25.6m513.0m

Inventories

(11.4m)(10.0m)(8.4m)(1.0m)(6.4m)(7.8m)(2.1m)(3.3m)

Accounts Payable

(5.0m)(24.5m)(27.0m)(25.8m)(26.2m)(20.7m)(9.2m)8.2m
USDFY, 2018

EV/EBIT

13.4 x

EV/CFO

16.4 x

Revenue/Employee

248.5k

Debt/Equity

3.1 x

Debt/Assets

0.4 x

Financial Leverage

7.2 x

P/E Ratio

16.4
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Armstrong World Industries Operating Metrics

FY, 2018FY, 2019FY, 2020

Manufacturing Plants

181416

Manufacturing Plants (US)

91114

Manufacturing Plants (Canada)

122

Manufacturing Plants (China / Asia Pacific)

11
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Armstrong World Industries Acquisitions / Subsidiaries

Company NameDateDeal Size
Arktura, LLCDecember 16, 2020
Moz DesignsAugust 24, 2020
Turf DesignJuly 28, 2020
MRK Industries IncNovember 25, 2019
Architectural Components Group IncMarch 05, 2019
Steel Ceilings IncAugust 16, 2018
PlasterformMay 31, 2018
Armstrong Cork Finance LLC
Armstrong Ventures, Inc
Armstrong World Industries (Delaware) LLC
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Armstrong World Industries Revenue Breakdown

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Armstrong World Industries revenue breakdown by business segment: 77.5% from Mineral Fiber and 22.5% from Architectural Specialties

Armstrong World Industries revenue breakdown by geographic segment: 92.5% from United States and 7.5% from Canada

Armstrong World Industries Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

SecurityScorecard logo

Armstrong World Industries Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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Armstrong World Industries Online and Social Media Presence

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Armstrong World Industries Company Culture

  • Overall Culture

    A+

    79/100

  • CEO Rating

    B

    70/100

  • Compensation

    A-

    78/100

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Armstrong World Industries News and Updates

Armstrong World Industries Releases Inaugural Sustainability Report

LANCASTER, Pa., Nov. 15, 2021 (GLOBE NEWSWIRE) -- Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of commercial and residential ceiling, wall and suspension system solutions, announced today the release of its inaugural sustainability report, entitle…

Armstrong World Industries Announces Strategic Healthy Buildings Partnership with 9 Foundations

LANCASTER, Pa., Oct. 28, 2021 (GLOBE NEWSWIRE) -- Armstrong World Industries, Inc. (NYSE: AWI) today announced it has commenced a partnership with 9 Foundations, Inc. (9F), an independent scientific advisory firm founded by Dr. Joseph G. Allen, associate professor at the Harvard T.H. Chan School o…

Armstrong World Industries Announces Increase in Quarterly Dividend

LANCASTER, Pa., Oct. 20, 2021 (GLOBE NEWSWIRE) -- Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of commercial and residential ceiling, wall and suspension system solutions, today announced that its Board of Directors has approved a 10% increase in …

Armstrong World Industries to Report Third-Quarter 2021 Results October 26

LANCASTER, Pa., Oct. 12, 2021 (GLOBE NEWSWIRE) -- Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of commercial and residential ceiling, wall and suspension system solutions, will release its third-quarter 2021 results before the market opens on Tues…

$70.38 Billion Dry Construction Global Market to 2026 - Featuring Arauco, Armstrong World Industries and Knauf Among Others

Dublin, Aug. 06, 2021 (GLOBE NEWSWIRE) -- The "Dry Construction Market Research Report by Type, by Application, by System, by Industry Trends, by Region - Global Forecast to 2026 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering. The Global Dry Constructio…
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Armstrong World Industries Frequently Asked Questions

  • When was Armstrong World Industries founded?

    Armstrong World Industries was founded in 1860.

  • Who are Armstrong World Industries key executives?

    Armstrong World Industries's key executives are Vic Grizzle, Charlie Chiappone and Ellen Romano.

  • How many employees does Armstrong World Industries have?

    Armstrong World Industries has 2,500 employees.

  • What is Armstrong World Industries revenue?

    Latest Armstrong World Industries annual revenue is $936.9 m.

  • What is Armstrong World Industries revenue per employee?

    Latest Armstrong World Industries revenue per employee is $374.8 k.

  • Who are Armstrong World Industries competitors?

    Competitors of Armstrong World Industries include Georgia-Pacific, USG and Rockfon.

  • Where is Armstrong World Industries headquarters?

    Armstrong World Industries headquarters is located at 2500 Columbia Ave, Lancaster.

  • Where are Armstrong World Industries offices?

    Armstrong World Industries has offices in Lancaster, Hilliard, Macon, Marietta and in 4 other locations.

  • How many offices does Armstrong World Industries have?

    Armstrong World Industries has 8 offices.