Armstrong World Industries: Q4 Earnings Snapshot
LANCASTER, Pa. (AP) — LANCASTER, Pa. (AP) — Armstrong World Industries Inc. (AWI) on Tuesday reported fourth-quarter earnings of $62.2 million.
The Lancaster, Pennsylvania-based company said it had profit of $1.42 per share. Earnings, adjusted for non-recurring costs, were $1.50 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share.
The ceiling and wall systems manufacturer posted revenue of $367.7 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $350.1 million.
For the year, the company reported profit of $264.9 million, or $6.02 per share. Revenue was reported as $1.45 billion.
Armstrong World Industries expects full-year earnings in the range of $6.85 to $7.15 per share, with revenue in the range of $1.57 billion to $1.61 billion.
Armstrong World Industries shares have climbed 3% since the beginning of the year. The stock has climbed 21% 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