Armstrong World (AWI) Tops Q1 EPS by 16c

Armstrong World (NYSE: AWI) reported Q1 EPS of $1.10, $0.16 better than the analyst estimate of $0.94. Revenue for the quarter came in at $242.1 million versus the consensus estimate of $247.33 million.

GUIDANCE:

Market Outlook and 2019 Guidance“We’re off to a good start to the year with adjusted EBITDA up 17% and adjusted EBITDA margins up 330 basis points driven by strong AUV and leveraging our scale,” said Brian MacNeal, CFO of AWI. “We continue to expect economic conditions in 2019 to be similar to 2018. Our 2019 guidance is unchanged and we anticipate sales growth of 7%-10% and adjusted EBITDA growth of greater than 10%.”

For earnings history and earnings-related data on Armstrong World (AWI) click here.

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