ARMSTRONG WORLD INDUSTRIES INC AWI

Industrials SIC 3089 - Plastics Products, NEC NAICS Manufacturing › Plastics and Rubber Products Manufacturing › Plastics Product Manufacturing derived NYSE

Armstrong World Industries, Inc. ("AWI" or the "Company") is a Pennsylvania corporation incorporated in 1891. When we refer to "we," "our" and "us" in this report, we are referring to AWI and its subsidiaries.

AWI is an Americas leader in the design and manufacture of innovative interior and exterior architectural applications including ceilings, specialty walls and exterior metal solutions. We manufacture and source products made of numerous materials, including mineral fiber, fiberglass, metal, felt, architectural resin and glass, wood, wood fiber and glass-reinforced-gypsum. We also manufacture ceiling suspension system (grid) products through a joint venture with Worthington Enterprises, Inc. called Worthington Armstrong Venture ("WAVE").

Last close 168.18 2026-10-23
Market cap $7.11B 2026-06-30 share count
52-week range 150.28 - 206.08

Valuation FY2025 figures against the last close

P/S4.4x
P/E23.8x
P/FCF28.9x
EV/EBITDA13.4x
Dividend yield0.8%
Diluted EPS7.08

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.62B$1.45B$1.30B$1.23B$1.11B$936.9M$1.04B$975.3M$893.6M$837.3M
Cost of revenue $962.1M$864.1M$798.2M$784.0M$701.0M$603.8M$643.0M$641.8M$578.2M$530.3M
Gross profit $658.7M$581.6M$497.0M$449.1M$405.6M$333.1M$395.1M$333.5M$315.4M$307.0M
R&D $16.4M$15.7M$14.5M$14.9M$14.6M$14.7M$14.8M$16.3M$17.4M$17.8M
SG&A $339.5M$308.5M$262.5M$237.0M$237.4M$163.2M$174.3M$159.0M$138.6M$184.2M
Operating income $430.9M$374.3M$323.7M$278.7M$260.0M$254.8M$317.4M$249.4M$243.8M$195.9M
Interest expense $33.0M$39.8M$35.3M$27.1M$22.9M$24.1M$38.4M$39.2M$35.4M$49.5M
Pre-tax income $400.3M$347.1M$298.3M$257.6M$242.7M-$126.7M$299.4M$242.7M$222.1M$150.6M
Income tax $91.6M$82.2M$74.5M$57.7M$57.4M$42.6M$57.1M$53.1M$1.5M$51.3M
Net income $308.7M$264.9M$223.8M$202.9M$183.2M-$99.1M$214.5M$185.9M$119.6M$104.7M
EPS, basic 7.136.065.004.383.84-2.074.403.612.231.88
EPS, diluted 7.086.024.994.373.82-2.074.323.562.211.87
Shares, diluted (wtd. avg.) 43.6M44.0M44.8M46.4M47.9M47.9M49.5M52.1M53.9M55.7M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $112.7M$79.3M$70.8M$106.0M$98.1M$136.9M$45.3M$325.7M$159.6M$141.9M
Receivables $130.3M$134.4M$111.0M$112.4M$109.1M$78.3M$85.1M$79.9M$90.8M$58.8M
Inventory $124.6M$109.8M$104.0M$110.0M$90.2M$81.5M$68.5M$61.2M$53.8M$46.9M
Total current assets $391.5M$348.9M$313.0M$356.5M$321.9M$311.8M$244.4M$717.6M$648.9M$406.2M
Property, plant and equipment $630.7M$598.8M$566.4M$554.4M$542.8M$529.9M$524.6M$501.0M$499.9M$465.2M
Goodwill $217.8M$203.2M$175.5M$167.3M$167.0M$160.7M$53.0M$19.2M$11.3M$500.0K
Other intangibles $425.2M$455.0M$412.4M$407.7M$421.4M$457.5M$411.9M$422.8M—$433.4M
Total assets $1.92B$1.84B$1.67B$1.69B$1.71B$1.72B$1.49B$1.84B$1.87B$1.76B
Accounts payable $237.1M$215.3M$159.9M$172.5M$174.9M$136.5M$143.5M$383.3M$108.4M$117.0M
Short-term debt $10.3M$22.5M$22.5M$0$25.0M$25.0M$6.3M$55.0M$32.5M$25.0M
Total current liabilities $267.4M$249.7M$194.5M$182.7M$209.6M$172.3M$155.2M$549.5M$269.9M$224.1M
Long-term debt $396.4M$502.6M$564.3M$651.1M$606.4M$690.5M$604.5M$764.8M$817.7M$848.6M
Retained earnings $1.81B$1.56B$1.35B$1.17B$1.01B$869.8M$1.01B$829.8M$598.2M$469.9M
Total equity $900.7M$757.1M$591.8M$535.0M$519.7M$450.9M$364.9M$226.0M$384.1M$266.4M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $355.5M$266.8M$233.5M$182.4M$187.2M$218.8M$182.7M$203.2M$170.4M$49.3M
Depreciation and amortisation $120.4M$103.2M$89.2M$83.7M$96.5M$84.0M$72.1M$79.4M$89.2M$89.2M
Stock-based compensation $21.9M$18.3M$18.8M$14.3M$11.3M$6.8M$9.5M$14.0M$10.2M$12.4M
Capital expenditure $109.4M$82.8M$83.8M$74.8M$79.8M$55.4M$71.3M$71.9M$89.7M$104.2M
Investing cash flow -$3.6M-$79.3M-$10.4M$28.2M-$13.9M-$141.1M-$89.1M$309.6M-$54.2M-$17.0M
Financing cash flow -$319.3M-$177.6M-$258.6M-$201.9M-$212.1M$13.5M-$384.9M-$329.3M-$102.7M-$128.9M
Dividends paid $55.2M$50.6M$46.9M$44.2M$41.4M$39.2M$35.6M$8.6M——
Buybacks $128.9M$56.3M$132.0M$165.0M$80.0M$44.4M$131.3M$306.6M$80.4M$43.8M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-193741.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B 1.5B 2B Revenue, FY2016: 837.3M Gross profit, FY2016: 307M Net income, FY2016: 104.7M Revenue, FY2017: 893.6M Gross profit, FY2017: 315.4M Net income, FY2017: 119.6M Revenue, FY2018: 975.3M Gross profit, FY2018: 333.5M Net income, FY2018: 185.9M Revenue, FY2019: 1B Gross profit, FY2019: 395.1M Net income, FY2019: 214.5M Revenue, FY2020: 936.9M Gross profit, FY2020: 333.1M Net income, FY2020: -99.1M Revenue, FY2021: 1.1B Gross profit, FY2021: 405.6M Net income, FY2021: 183.2M Revenue, FY2022: 1.2B Gross profit, FY2022: 449.1M Net income, FY2022: 202.9M Revenue, FY2023: 1.3B Gross profit, FY2023: 497M Net income, FY2023: 223.8M Revenue, FY2024: 1.4B Gross profit, FY2024: 581.6M Net income, FY2024: 264.9M Revenue, FY2025: 1.6B Gross profit, FY2025: 658.7M Net income, FY2025: 308.7M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $837.3M $893.6M $975.3M $1.04B $936.9M $1.11B $1.23B $1.30B $1.45B $1.62B
Gross profit $307.0M $315.4M $333.5M $395.1M $333.1M $405.6M $449.1M $497.0M $581.6M $658.7M
Net income $104.7M $119.6M $185.9M $214.5M -$99.1M $183.2M $202.9M $223.8M $264.9M $308.7M

Recent filings and events

  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event Item 8.01
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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