AWI | Jotup

Armstrong World Industries Reports Record-Setting First-Quarter 2024 Results

Retrieved on:

Tuesday, April 30, 2024

Interior Design, Architecture, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Building Systems, REIT, Corporation, CFO, Investment, AWI, Tax, Acquisition, BOK, Share repurchase

Unallocated Corporate operating loss was $1 million in the first quarter of 2024 and 2023.

Key Points:

Unallocated Corporate operating loss was $1 million in the first quarter of 2024 and 2023.
Cash flows from operating activities in 2024 increased slightly in comparison to the prior-year period, while cash flows from investing activities increased $7 million versus the prior-year period.
As of March 31, 2024, there was $702 million remaining under the Board of Directors' current authorized share repurchase program**.
“With strong first-quarter results and our recently announced acquisition of 3form, we are raising our full-year 2024 guidance,” said Chris Calzaretta, AWI Senior Vice President and CFO.

Armstrong World Industries Expands Architectural Specialties Portfolio with Acquisition of Architectural Resin Leader 3form, LLC

Retrieved on:

Monday, April 29, 2024

Inc. (NYSE:AWI), a leader in the innovation and manufacture of ceiling and wall solutions, announced today that it has acquired 3form, LLC.

Key Points:

Inc. (NYSE:AWI), a leader in the innovation and manufacture of ceiling and wall solutions, announced today that it has acquired 3form, LLC.
“We are delighted to welcome 3form to the Armstrong family and to expand our portfolio of highly specifiable ceiling and wall solutions with new translucent materials,” said Vic Grizzle, President and CEO, Armstrong World Industries.
“3form is a well-established leader in architectural resins and high-performance glass and adds exciting, new complementary materials and design capabilities to our Architectural Specialties portfolio.
Armstrong funded the acquisition with its revolving credit facility and District Capital Partners acted as its buyside adviser.

Armstrong World Industries Announces Quarterly Dividend

Retrieved on:

Wednesday, April 24, 2024

Commercial Building & Real Estate, Construction & Property, Air, Transport, REIT, Interior Design, Building Systems, Architecture, Other Construction & Property, Residential Building & Real Estate, Armstrong World Industries, AWI, Holding company

Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions, announced today that its Board of Directors has declared a cash dividend of $0.28 per share of common stock.

Key Points:

Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions, announced today that its Board of Directors has declared a cash dividend of $0.28 per share of common stock.
The dividend will be paid on May 23, 2024, to stockholders of record as of the close of business on May 9, 2024.
The declaration and payment of future dividends and capital allocations will be at the discretion of the Board of Directors and will be dependent upon, among other things, the company's financial position, results of operations and cash flow.

Armstrong World Industries Schedules First Quarter 2024 Earnings Release and Conference Call

Retrieved on:

Monday, April 8, 2024

Architecture, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Other Manufacturing, Air, Building Systems, Transport, REIT, Manufacturing, Interior Design, Armstrong World Industries, Telephone, AWI

Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions in the Americas, will release its first-quarter 2024 results before the market opens on Tuesday, April 30 and host a conference call to discuss these results at 11:00 a.m.

Key Points:

Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions in the Americas, will release its first-quarter 2024 results before the market opens on Tuesday, April 30 and host a conference call to discuss these results at 11:00 a.m.
A live webcast of the conference call and the accompanying presentation will be available on the Investor Relations page at ArmstrongWorldIndustries.com.
Attendees who will not be asking a question during the call are encouraged to connect to the live webcast using the Listen Only link below.
Those wishing to participate by telephone must register prior to the event using the participant call link below.

Armstrong World Industries Names Dawn Kirchner-King as SVP, Chief Human Resources Officer

Retrieved on:

Thursday, April 4, 2024

Armstrong World Industries, Inc. (NYSE: AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions in the Americas, announced today that Dawn Kirchner-King has been named SVP, chief human resources officer, effective April 22, 2024.

Key Points:

Armstrong World Industries, Inc. (NYSE: AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions in the Americas, announced today that Dawn Kirchner-King has been named SVP, chief human resources officer, effective April 22, 2024.
“We are thrilled to welcome Dawn back to Armstrong as our new Human Resources leader,” said AWI CEO and President Vic Grizzle.
In her prior Armstrong role as chief information officer, Dawn demonstrated true passion for leading teams and a commitment to talent development.
Before joining Armstrong in 2015, she was a managing director at Hartman Executive Advisors, where she provided strategic advisory and process improvement services to global businesses.

Study: Two-Thirds of Employees Want to Have Hard Conversations at Work, But Managers Are Unprepared

Retrieved on:

Wednesday, April 3, 2024

The study finds that, while most workers want to have tough conversations at work, one-third of employees feel unsafe having difficult discussions with their managers.

Key Points:

The study finds that, while most workers want to have tough conversations at work, one-third of employees feel unsafe having difficult discussions with their managers.
The report also reveals that trust in managers is a key predictor of feeling safe in tough conversations and highlights the need to upskill managers with trust-building behaviors.
AWI data indicates that just one-quarter of managers have received sufficient training on having hard conversations with direct reports.
Employees may be noticing their managers’ shortcomings, with less than one-third of employees saying they trust their managers.

Armstrong World Industries to Attend the 2024 Loop Investor Conference

Retrieved on:

Monday, March 11, 2024

Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions, announced today that President & Chief Executive Officer Vic Grizzle and SVP & Chief Financial Officer Chris Calzaretta will be hosting virtual investor meetings at the 5th Annual Loop Investor Conference on Monday, March 11, 2024.

Key Points:

Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions, announced today that President & Chief Executive Officer Vic Grizzle and SVP & Chief Financial Officer Chris Calzaretta will be hosting virtual investor meetings at the 5th Annual Loop Investor Conference on Monday, March 11, 2024.
In anticipation of the conference, Armstrong has published an updated Investor Presentation which can be found in the Events & Presentations section of its Investor Relations website at www.armstrongceilings.com .

ASPCA Commends Sens. Richard Blumenthal and Rick Scott for Introducing Goldie's Act to Enhance Protections for Dogs in Puppy Mills

Retrieved on:

Friday, March 22, 2024

WASHINGTON, March 22, 2024 /PRNewswire/ -- The ASPCA® (The American Society for the Prevention of Cruelty to Animals®) commends U.S. Sens. Richard Blumenthal (D-Conn.) and Rick Scott (R-Fla.) for introducing Goldie's Act to address the U.S. Department of Agriculture's (USDA) abject failure at enforcing the Animal Welfare Act (AWA), which has led to ongoing animal suffering in federally licensed facilities, including puppy mills.

Key Points:

Richard Blumenthal (D-Conn.) and Rick Scott (R-Fla.) for introducing Goldie's Act to address the U.S. Department of Agriculture's (USDA) abject failure at enforcing the Animal Welfare Act (AWA), which has led to ongoing animal suffering in federally licensed facilities, including puppy mills.
"This essential measure gives the USDA the tools and resources needed to hold abusers accountable and to protect innocent animals," said Sen. Blumenthal.
Senator Rick Scott said, "Puppy mills are cruel and inhumane and I am proud to team up with Senator Blumenthal to introduce the Goldie's Act to crack down on these despicable operations.
To assist a broad range of animals, including those in puppy mills, the National Sheriffs' Association supports Goldie's Act."

Armstrong World Industries Reports Record-Setting Fourth-Quarter and Full-Year 2023 Results

Retrieved on:

Tuesday, February 20, 2024

Full-year net sales increased 5.0% from prior-year results, primarily due to favorable AUV of $43 million and higher sales volumes of $19 million.

Key Points:

Full-year net sales increased 5.0% from prior-year results, primarily due to favorable AUV of $43 million and higher sales volumes of $19 million.
Mineral Fiber net sales increased $45 million, while Architectural Specialties net sales increased $17 million.
The increase in Mineral Fiber net sales was primarily driven by favorable AUV as a result of increased like-for-like pricing, partially offset by unfavorable mix.
As of December 31, 2023, there was $717 million remaining under the Board of Directors' current authorized share repurchase program**.

New Report Says Lack of Funding for Critical Water Mains is $452 Billion, Over 260,000 Breaks Annually

Retrieved on:

Tuesday, February 27, 2024

LOGAN, Utah, Feb. 27, 2024 /PRNewswire/ -- Utah State University (USU) has published a third extensive study of commonly used water pipe materials titled, "Water Main Break Rates in the USA and Canada: A Comprehensive Study."

Key Points:

"Utilities can use this report to assist with asset management and facilitate water infrastructure planning and pipe replacement decision-making.
This data set is large enough to provide accurate information on the characteristics of aging pipe infrastructure and the costs of repair and replacement.
In 2012, utilities reported that only 8% of installed water mains were beyond their useful lives, so this is a growing problem," Professor Barfuss adds.
Major findings and benchmarks include:
The US and Canada experience 260,000 water main breaks annually, representing $2.6 billion in annual repair costs.