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A month has gone by since the last earnings report for Armstrong World Industries (AWI - Free Report) . Shares have added about 1.9% in that time frame, underperforming the S&P 500.

But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Armstrong World Industries due for a pullback? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent drivers for Armstrong World Industries, Inc. before we dive into how investors and analysts have reacted as of late.

Armstrong World Q2 Earnings & Sales Beat on AUV & Specialty GrowthArmstrong World reported second-quarter 2026 adjusted earnings of $2.36 per share, up 12.9% year over year. The figure topped the Zacks Consensus Estimate of $2.33 by 1.3%.

Net sales rose 11.2% to $472 million year over year and surpassed the consensus mark of $458 million by 3.1%. Favorable average unit value, higher volumes and broad-based demand in Architectural Specialties supported growth. Mineral Fiber volume advanced 2%, its strongest quarterly growth rate since early 2023.

Armstrong World’s Mineral Fiber Sales Gain on Price and MixMineral Fiber sales increased 7.9% to $288.2 million. Favorable AUV contributed $16 million, reflecting like-for-like pricing and richer mix as demand remained firm for higher-end products, including smooth white acoustical tiles. Higher volume added another $5 million.

Segment operating income rose 7% to $105.3 million, while adjusted EBITDA grew 6.8% to $129 million. Adjusted EBITDA margin slipped 50 basis points to 44.7% as freight and raw-material inflation and growth investments offset AUV gains, productivity and stronger WAVE contributions.

AWI’s Specialty Business Delivers Broad-Based ExpansionArchitectural Specialties revenues climbed 16.6% to $183.8 million. Organic sales added $15 million, while acquisitions contributed $11 million. Organic growth was 9%, with strength across most specialty product categories.

Segment operating income advanced 14.8% to $29.4 million, and adjusted EBITDA increased 10.4% to $37 million. The adjusted EBITDA margin fell 110 basis points to 20.4%, though the organic margin reached 21.4%. Strong order intake continued at a double-digit rate, led by transportation and education projects.

AWI Posts Solid Profit Growth Despite Margin PressureOperating income increased 8.6% year over year to $133.8 million. The upside reflected a $13 million benefit from sales volume growth, a $12 million benefit from favorable AUV and a $2 million increase in WAVE equity earnings.

These gains were partly offset by a $9 million rise in selling, general and administrative expenses and a $6 million increase in manufacturing costs. Operating margin contracted 70 basis points to 28.3%, while adjusted EBITDA margin declined 110 basis points to 35.2%.

Armstrong World Strengthens Cash Returns and LiquiditySecond-quarter adjusted free cash flow rose 14% to $100 million. For the first six months, net cash provided by operating activities increased to $125.9 million from $122.6 million, while capital expenditures totaled $41.7 million.

AWI repurchased 0.5 million shares for $75 million during the quarter at an average price of $163.20. The board added $800 million to the repurchase authorization and extended it through December 2029. Cash and cash equivalents were $78.6 million at June 30, 2026, compared with $112.7 million at year-end 2025.

AWI Raises 2026 Guidance Midpoints Across Key MetricsFor 2026, management now expects net sales of $1.77-$1.80 billion, implying growth of 9-11%. Adjusted EBITDA is projected at $605-$620 million, adjusted earnings at $8.30-$8.50 per share and adjusted free cash flow at $380-$395 million. The outlook assumes roughly 1% Mineral Fiber volume growth, about 6% AUV growth and mid-single-digit growth in WAVE equity earnings. Organic Architectural Specialties sales are expected to rise at a high-single-digit rate, with an adjusted EBITDA margin of about 20%.

How Have Estimates Been Moving Since Then?It turns out, fresh estimates flatlined during the past month.

VGM ScoresAt this time, Armstrong World Industries has a nice Growth Score of B, though it is lagging a bit on the Momentum Score front with a C. Following the exact same course, the stock has a grade of C on the value side, putting it in the middle 20% for value investors.

Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.

Outlook Armstrong World Industries has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Performance of an Industry PlayerArmstrong World Industries belongs to the Zacks Building Products - Miscellaneous industry. Another stock from the same industry, United Rentals (URI - Free Report) , has gained 0.2% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026.

United Rentals reported revenues of $4.41 billion in the last reported quarter, representing a year-over-year change of +11.8%. EPS of $12.76 for the same period compares with $10.47 a year ago.

United Rentals is expected to post earnings of $13.67 per share for the current quarter, representing a year-over-year change of +16.8%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.8%.

United Rentals has a Zacks Rank #2 (Buy) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of B.

Bank of Nova Scotia acquired a new stake in Armstrong World Industries, Inc. (NYSE:AWI – Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 120,134 shares of the construction company’s stock, valued at approximately $19,272,000. Bank of Nova Scotia owned about 0.28% of Armstrong World Industries at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Armstrong World Industries during the 2nd quarter worth about $827,239,000. Capital International Investors grew its stake in Armstrong World Industries by 1.0% in the 4th quarter. Capital International Investors now owns 2,321,993 shares of the construction company’s stock valued at $443,736,000 after buying an additional 23,133 shares during the last quarter. Bank of Montreal Can raised its holdings in Armstrong World Industries by 18,679.7% in the 4th quarter. Bank of Montreal Can now owns 1,279,086 shares of the construction company’s stock valued at $244,433,000 after acquiring an additional 1,272,275 shares during the period. Geode Capital Management LLC raised its holdings in Armstrong World Industries by 6.5% in the 4th quarter. Geode Capital Management LLC now owns 1,015,154 shares of the construction company’s stock valued at $194,027,000 after acquiring an additional 61,647 shares during the period. Finally, AQR Capital Management LLC lifted its position in Armstrong World Industries by 7.8% during the fourth quarter. AQR Capital Management LLC now owns 961,185 shares of the construction company’s stock worth $183,682,000 after acquiring an additional 69,849 shares during the last quarter. 98.93% of the stock is owned by institutional investors.

Armstrong World Industries Stock Performance NYSE AWI opened at $179.01 on Monday. The firm has a 50-day moving average price of $166.21 and a two-hundred day moving average price of $169.15. Armstrong World Industries, Inc. has a 12-month low of $150.28 and a 12-month high of $206.08. The company has a market capitalization of $7.56 billion, a P/E ratio of 24.52, a P/E/G ratio of 1.74 and a beta of 1.16. The company has a quick ratio of 1.06, a current ratio of 1.52 and a debt-to-equity ratio of 0.58.

Armstrong World Industries (NYSE:AWI – Get Free Report) last announced its earnings results on Tuesday, July 28th. The construction company reported $2.36 EPS for the quarter, topping the consensus estimate of $2.25 by $0.11. The company had revenue of $472.00 million for the quarter, compared to analysts’ expectations of $461.67 million. Armstrong World Industries had a net margin of 18.60% and a return on equity of 37.35%. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period last year, the firm earned $2.09 earnings per share. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. Analysts anticipate that Armstrong World Industries, Inc. will post 8.39 earnings per share for the current year. Armstrong World Industries announced that its board has initiated a stock repurchase program on Tuesday, July 21st that authorizes the company to buyback $800.00 million in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 12.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Armstrong World Industries Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Wednesday, August 5th were issued a $0.339 dividend. The ex-dividend date of this dividend was Wednesday, August 5th. This represents a $1.36 annualized dividend and a yield of 0.8%. Armstrong World Industries’s payout ratio is currently 18.63%.

Analysts Set New Price Targets A number of equities research analysts have recently issued reports on AWI shares. Weiss Ratings cut Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 4th. UBS Group reissued a “neutral” rating and set a $203.00 price target on shares of Armstrong World Industries in a report on Wednesday, July 29th. Jefferies Financial Group restated a “hold” rating and issued a $190.00 price target on shares of Armstrong World Industries in a research note on Wednesday, July 29th. Finally, Evercore set a $200.00 price objective on Armstrong World Industries in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $213.00.

Read Our Latest Stock Report on Armstrong World Industries

Armstrong World Industries Company Profile (Free Report)

Armstrong World Industries, Inc is a leading global manufacturer of commercial ceiling and wall solutions. The company offers a diverse portfolio of acoustical, decorative and specialty ceiling systems designed to enhance interior environments in offices, healthcare facilities, schools, retail outlets and other non-residential settings. Through its focus on performance, aesthetics and sustainability, Armstrong World Industries addresses both functional and design requirements for architects, contractors and building owners.

Armstrong’s product range includes mineral fiber, fiberglass, wood wool, metal and stone wool ceiling panels, as well as suspension and grid systems.

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Danske Bank A S bought a new stake in Armstrong World Industries, Inc. (NYSE:AWI – Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 3,311 shares of the construction company’s stock, valued at approximately $531,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Armstrong World Industries in the second quarter worth approximately $827,239,000. Bank of Montreal Can increased its holdings in shares of Armstrong World Industries by 18,679.7% during the fourth quarter. Bank of Montreal Can now owns 1,279,086 shares of the construction company’s stock valued at $244,433,000 after acquiring an additional 1,272,275 shares in the last quarter. Norges Bank acquired a new position in shares of Armstrong World Industries during the fourth quarter worth approximately $107,716,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Armstrong World Industries by 33,007.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 473,104 shares of the construction company’s stock worth $90,410,000 after purchasing an additional 471,675 shares during the period. Finally, SurgoCap Partners LP acquired a new position in shares of Armstrong World Industries during the fourth quarter worth approximately $72,020,000. 98.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In Several analysts recently issued reports on the stock. Evercore set a $200.00 price target on shares of Armstrong World Industries in a research report on Tuesday, April 28th. Jefferies Financial Group restated a “hold” rating and set a $190.00 price target on shares of Armstrong World Industries in a research note on Wednesday, July 29th. Weiss Ratings downgraded shares of Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 4th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $203.00 price objective on shares of Armstrong World Industries in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Armstrong World Industries has an average rating of “Moderate Buy” and an average target price of $213.00.

Read Our Latest Report on AWI Armstrong World Industries Stock Performance Shares of Armstrong World Industries stock opened at $179.01 on Friday. The company has a market cap of $7.56 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 1.74 and a beta of 1.16. Armstrong World Industries, Inc. has a 52 week low of $150.28 and a 52 week high of $206.08. The business has a 50 day moving average price of $166.21 and a 200-day moving average price of $169.27. The company has a quick ratio of 1.06, a current ratio of 1.52 and a debt-to-equity ratio of 0.58.

Armstrong World Industries (NYSE:AWI – Get Free Report) last announced its earnings results on Tuesday, July 28th. The construction company reported $2.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.25 by $0.11. Armstrong World Industries had a return on equity of 37.35% and a net margin of 18.60%.The company had revenue of $472.00 million for the quarter, compared to analysts’ expectations of $461.67 million. During the same quarter in the previous year, the firm earned $2.09 earnings per share. Armstrong World Industries’s quarterly revenue was up 11.2% on a year-over-year basis. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. Equities analysts anticipate that Armstrong World Industries, Inc. will post 8.39 earnings per share for the current fiscal year.

Armstrong World Industries declared that its board has authorized a share repurchase plan on Tuesday, July 21st that permits the company to buyback $800.00 million in outstanding shares. This buyback authorization permits the construction company to purchase up to 12.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Armstrong World Industries Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Wednesday, August 5th were paid a $0.339 dividend. The ex-dividend date was Wednesday, August 5th. This represents a $1.36 annualized dividend and a dividend yield of 0.8%. Armstrong World Industries’s dividend payout ratio is presently 18.63%.

Armstrong World Industries Company Profile (Free Report)

Armstrong World Industries, Inc is a leading global manufacturer of commercial ceiling and wall solutions. The company offers a diverse portfolio of acoustical, decorative and specialty ceiling systems designed to enhance interior environments in offices, healthcare facilities, schools, retail outlets and other non-residential settings. Through its focus on performance, aesthetics and sustainability, Armstrong World Industries addresses both functional and design requirements for architects, contractors and building owners.

Armstrong’s product range includes mineral fiber, fiberglass, wood wool, metal and stone wool ceiling panels, as well as suspension and grid systems.

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SummaryArmstrong World Industries is reiterated as a buy, driven by positive Mineral Fiber volume, robust Architectural Specialties growth, and improving office activity.Q2 revenue rose 11.2% y/y to $472M, with management raising FY2026 revenue guidance to $1.77–$1.80B, though margin pressure persists from recent acquisitions.Growth initiatives like Kanopi and ProjectWorks are gaining traction, targeting above-market Mineral Fiber volume and earlier project specification to boost win rates.Key monitoring points for AWI are conversion of initiatives to P&L impact, margin improvement in acquired businesses, and managing cost pressures, especially freight inflation.Maskot/DigitalVision via Getty Images

Investment action I previously gave Armstrong World Industries (AWI) a buy because of the positive Mineral Fiber volume, Architectural Specialties [AS] growth, and improving office activity. I am reiterating my buy. If AWI can sustain positive Mineral Fiber volume, convert strong

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Armstrong World Industries (AWI - Free Report) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.

The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.

The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.

Therefore, the Zacks rating upgrade for Armstrong World Industries basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.

Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Armstrong World Industries imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.

Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for Armstrong World IndustriesFor the fiscal year ending December 2026, this ceiling and wall systems manufacturer is expected to earn $8.31 per share, which is unchanged compared with the year-ago reported number.

Analysts have been steadily raising their estimates for Armstrong World Industries. Over the past three months, the Zacks Consensus Estimate for the company has increased 0.3%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of Armstrong World Industries to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

Armstrong World Industries NYSE: AWI reported record second-quarter net sales and adjusted EBITDA, as growth in its Mineral Fiber and Architectural Specialties segments helped offset what management described as muted market conditions.

Total company net sales increased 11% from a year earlier, while adjusted EBITDA rose 8% and adjusted diluted earnings per share increased 13%, CEO Mark Hershey said on the company’s second-quarter 2026 earnings call. Hershey said the results came in modestly above the company’s expectations despite commercial-market conditions that remained largely flat from the first quarter.

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Mineral Fiber Sales Rise on Pricing, Mix and Volume Mineral Fiber net sales increased 8%, supported by 6% average unit value, or AUV, growth and 2% volume growth. Hershey said both pricing and product mix contributed to AUV gains, with continued demand for higher-end smooth white acoustical tile products.

The quarter marked the fourth time in the past five quarters that the segment generated volume growth, according to Hershey. He attributed the performance to commercial execution, customer relationships and growth initiatives, including the company’s digital sales and design-service platforms.

Mineral Fiber adjusted EBITDA increased 7%, and the segment’s adjusted EBITDA margin was 44.7%. CFO Chris Calzaretta said higher AUV, higher sales volume and a positive contribution from the Worthington Armstrong Venture, or WAVE, joint venture were partly offset by freight and raw-material inflation and increased selling, general and administrative expenses.

Management continues to expect a Mineral Fiber adjusted EBITDA margin of approximately 44% for the full year. Hershey said this would represent a record result for the segment and its fourth consecutive year of margin expansion.

The company said its Kanopi online selling platform and ProjectWorks automated design service continued to gain traction. Hershey said Kanopi is serving small businesses as well as companies with multiple locations that want a standardized purchasing path for approved ceiling materials. ProjectWorks, meanwhile, has contributed to higher quoted values and fulfilled projects, supporting both AUV and sales volume.

Data Centers and Energy Efficiency Remain Growth Priorities Armstrong highlighted energy-efficient products and data-center solutions as key areas of investment. Hershey said the company’s TEMPLOK energy-saving ceiling tile initiative has generated a project-opportunity pipeline that more than doubled from the end of the first quarter.

In data centers, Armstrong has expanded beyond traditional ceiling tile and acoustical grid products used in office areas. Its offerings now include structural grid and containment solutions through the WAVE joint venture. Hershey said 2026 data-center project wins through the second quarter increased more than 50% from the prior year.

Management said it is investing in commercial resources and research and development to broaden awareness of its data-center capabilities among hyperscalers, co-location providers and other owners. Hershey said the data-center market has a more diverse and fragmented competitive environment, particularly for structural and containment products used in computing areas.

Architectural Specialties Delivers Broad-Based Growth Architectural Specialties net sales rose 17%, including 9% organic growth and contributions from the February acquisition of Eventscape and the 2025 acquisitions of Parallel and Geometrik. The segment’s adjusted EBITDA increased 10%, and its adjusted EBITDA margin reached 20.4%.

Calzaretta said the segment benefited from $5 million of higher organic sales and $4 million related to recent acquisitions. Those gains were partly offset by a $4 million increase in SG&A expenses and a $2 million increase in manufacturing costs. The manufacturing-cost figure included a $2 million benefit from IEEPA tariff refunds.

On an organic basis, Architectural Specialties posted a 21.4% adjusted EBITDA margin, roughly flat from a year earlier and meaningfully improved from the first quarter. Management maintained its expectation for a full-year adjusted EBITDA margin of about 19% for the total segment and increased its organic margin outlook to about 20%.

Second-quarter order intake in Architectural Specialties continued at a double-digit rate, providing support for the company’s second-half expectations and early visibility into its 2027 backlog. Hershey said demand was broad-based across product categories and project types, with transportation, education, office and healthcare among the active verticals.

The company cited additional project activity at JFK, San Francisco International and Los Angeles International airports, along with new wins at San Antonio International Airport and with the Ohio Department of Transportation.

Company Raises 2026 Outlook and Expands Buyback Authorization Following first-half performance, Armstrong raised the midpoints of its full-year guidance ranges. The company now expects total net sales growth of 9% to 11%, compared with prior guidance of 8% to 10%, and adjusted EBITDA growth of 9% to 12%, compared with 8% to 12% previously.

Mineral Fiber sales growth is expected to be approximately 7%, including about 1 percentage point of volume growth and approximately 6% AUV growth. Architectural Specialties sales growth is expected to be 15% to 17%. Adjusted diluted earnings-per-share growth is expected to be 12% to 15%. Adjusted free-cash-flow growth is expected to be 10% to 14%. Calzaretta said the revenue-guidance increase at the midpoint amounted to about $20 million, with roughly two-thirds attributable to Architectural Specialties and one-third to Mineral Fiber. Management said the revised outlook was primarily driven by better-than-expected second-quarter results, while its outlook for market conditions in the second half remained broadly consistent with the first half.

The company returned capital to shareholders through $15 million in second-quarter dividends and $75 million in share repurchases. Year-to-date dividends totaled $30 million and share repurchases totaled $135 million. Armstrong’s board also added $800 million to its repurchase authorization and extended the program through 2029.

Management said it expects continued inflation in freight, raw materials and energy costs, with freight inflation projected in the mid-teens for the full year. However, the company said it remains focused on commercial execution, investments in growth initiatives and disciplined capital allocation amid ongoing macroeconomic uncertainty.

About Armstrong World Industries (NYSE:AWI)Armstrong World Industries, Inc is a leading global manufacturer of commercial ceiling and wall solutions. The company offers a diverse portfolio of acoustical, decorative and specialty ceiling systems designed to enhance interior environments in offices, healthcare facilities, schools, retail outlets and other non-residential settings. Through its focus on performance, aesthetics and sustainability, Armstrong World Industries addresses both functional and design requirements for architects, contractors and building owners.

Armstrong's product range includes mineral fiber, fiberglass, wood wool, metal and stone wool ceiling panels, as well as suspension and grid systems.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Armstrong World Industries (AWI - Free Report) came out with quarterly earnings of $2.36 per share, beating the Zacks Consensus Estimate of $2.33 per share. This compares to earnings of $2.09 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +1.29%. A quarter ago, it was expected that this ceiling and wall systems manufacturer would post earnings of $1.82 per share when it actually produced earnings of $1.69, delivering a surprise of -7.14%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

Armstrong World Industries, which belongs to the Zacks Building Products - Miscellaneous industry, posted revenues of $472 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.97%. This compares to year-ago revenues of $424.6 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Armstrong World Industries shares have lost about 13.5% since the beginning of the year versus the S&P 500's gain of 8.3%.

What's Next for Armstrong World Industries?While Armstrong World Industries has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Armstrong World Industries was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.34 on $464.8 million in revenues for the coming quarter and $8.31 on $1.76 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Miscellaneous is currently in the top 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, Knife River (KNF - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 4.

This construction materials company is expected to post quarterly earnings of $1.11 per share in its upcoming report, which represents a year-over-year change of +24.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Knife River's revenues are expected to be $923.71 million, up 10.8% from the year-ago quarter.

Posted by Defense World Staff on Jul 27th, 2026

Dimensional Fund Advisors LP lessened its stake in Armstrong World Industries, Inc. (NYSE:AWI – Free Report) by 1.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 842,952 shares of the construction company’s stock after selling 15,053 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.98% of Armstrong World Industries worth $138,904,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Larson Financial Group LLC grew its stake in Armstrong World Industries by 77.0% in the fourth quarter. Larson Financial Group LLC now owns 131 shares of the construction company’s stock worth $25,000 after purchasing an additional 57 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in Armstrong World Industries during the fourth quarter valued at approximately $27,000. Cullen Frost Bankers Inc. raised its stake in Armstrong World Industries by 124.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 177 shares of the construction company’s stock valued at $34,000 after buying an additional 98 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in Armstrong World Industries by 426.5% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 179 shares of the construction company’s stock worth $35,000 after buying an additional 145 shares during the last quarter. Finally, Sound Income Strategies LLC bought a new position in Armstrong World Industries during the 4th quarter worth approximately $39,000. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Price Performance Shares of AWI opened at $160.74 on Monday. Armstrong World Industries, Inc. has a 12 month low of $150.28 and a 12 month high of $206.08. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.54 and a quick ratio of 1.04. The stock has a fifty day moving average price of $156.63 and a 200 day moving average price of $170.79. The company has a market cap of $6.86 billion, a P/E ratio of 22.80, a PEG ratio of 1.74 and a beta of 1.17.

Armstrong World Industries (NYSE:AWI – Get Free Report) last posted its earnings results on Tuesday, April 28th. The construction company reported $1.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.13). The company had revenue of $409.90 million during the quarter, compared to the consensus estimate of $409.46 million. Armstrong World Industries had a net margin of 18.59% and a return on equity of 36.71%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.66 earnings per share. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. On average, research analysts forecast that Armstrong World Industries, Inc. will post 8.31 earnings per share for the current year.

Armstrong World Industries Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Wednesday, August 5th will be given a $0.339 dividend. The ex-dividend date is Wednesday, August 5th. This represents a $1.36 annualized dividend and a yield of 0.8%. Armstrong World Industries’s dividend payout ratio is 19.29%.

Armstrong World Industries announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, July 21st that allows the company to buyback $800.00 million in outstanding shares. This buyback authorization allows the construction company to buy up to 12.3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth A number of equities research analysts have recently weighed in on the company. UBS Group lowered their price target on Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating for the company in a report on Wednesday, April 29th. Bank of America reduced their price objective on Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Weiss Ratings downgraded shares of Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 4th. Finally, Evercore set a $200.00 target price on shares of Armstrong World Industries in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Armstrong World Industries has an average rating of “Moderate Buy” and a consensus target price of $211.86.

Get Our Latest Stock Report on Armstrong World Industries

About Armstrong World Industries (Free Report)

Armstrong World Industries, Inc is a leading global manufacturer of commercial ceiling and wall solutions. The company offers a diverse portfolio of acoustical, decorative and specialty ceiling systems designed to enhance interior environments in offices, healthcare facilities, schools, retail outlets and other non-residential settings. Through its focus on performance, aesthetics and sustainability, Armstrong World Industries addresses both functional and design requirements for architects, contractors and building owners.

Armstrong’s product range includes mineral fiber, fiberglass, wood wool, metal and stone wool ceiling panels, as well as suspension and grid systems.

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Key Takeaways Armstrong World is set to report Q2 results on July 28, with EPS seen rising 11.5% and revenues 8%.Pricing, commercial renovation demand and Architectural Specialties momentum are expected to lift sales.Productivity, higher WAVE contributions and easing tariff effects may support EBITDA and margins. Armstrong World Industries, Inc. (AWI - Free Report) is scheduled to report its second-quarter 2026 results on July 28, before the opening bell.

AWI’s earnings beat the Zacks Consensus Estimate in two of the trailing four quarters, and missed on two occasions, with the average surprise being 2.9%.

How Are Estimates Placed for AWI Stock?The Zacks Consensus Estimate for second-quarter earnings per share (EPS) has remained unchanged at $2.33 over the past 60 days. The revised estimate indicates 11.5% year-over-year growth.

The consensus estimate for revenues is pegged at $458.4 million, indicating an 8% year-over-year rise from $424.6 million.

Factors Likely to Shape AWI’s Q2 PerformanceRevenues

Armstrong World’s second-quarter revenues are likely to have benefited from continued pricing discipline, resilient demand in commercial renovation markets and sustained momentum in the Architectural Specialties segment. The Mineral Fiber business is expected to remain supported by favorable Average Unit Value, modest volume growth and improving demand from federal-government customers. Recent acquisitions, including Eventscape, Parallel and Geometrik, are also likely to have contributed incremental revenues.

Commercial activity also remains healthy across transportation, airports, healthcare and data centers. Management highlighted strong Architectural Specialties quoting activity and low-double-digit order growth, providing good visibility into the second half of 2026.

This growth is reflected in contributions from AWI’s two reportable segments: Mineral Fiber, which accounted for approximately 63% of first-quarter 2026 revenues, and Architectural Specialties, which contributed about 37%. For the Mineral Fiber unit, revenues are currently pegged at $282.5 million, up from $267 million reported a year ago. The Zacks Consensus Estimate for the Architectural Specialties segment revenues is currently pegged at $176.7 million compared with $157.6 million reported a year ago.

Armstrong World’s innovation initiatives are expected to remain another important growth driver. Continued adoption of PROJECTWORKS and Kanopi should support specification wins, customer engagement and pricing. At the same time, TEMPLOK energy-saving ceiling systems and the company’s expanding portfolio of data-center solutions are positioned to benefit from increasing demand for energy-efficient commercial buildings and AI-driven digital infrastructure. Management expects these initiatives to generate up to 1.5 percentage points of volume growth above underlying market demand in 2026.

Earnings & Margins

Armstrong World’s earnings are expected to benefit from pricing, productivity gains and higher WAVE contributions in the Mineral Fiber segment, supporting its full-year adjusted EBITDA margin target of about 44%. Our model projects second-quarter adjusted EBITDA to rise 7.9% year over year to $166.1 million.

Architectural Specialties margins are also expected to improve sequentially as the one-time tariff impact fades, acquisitions scale and recent growth investments begin to support operating leverage. However, higher raw-material and energy costs, elevated selling expenses, acquisition-integration costs and continued investments in growth initiatives could partially offset these benefits during the quarter.

What the Zacks Model Says for Armstrong WorldOur proven model does not conclusively predict an earnings beat for Armstrong World this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is not the case here, as you will see below.

AWI’s Earnings ESP: The company has an Earnings ESP of 0.00%. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.

AWI’s Zacks Rank: The stock currently carries a Zacks Rank of 3.

Stocks With the Favorable CombinationHere are some companies in the Zacks Construction sector that, according to our model, have the right combination of elements to post an earnings beat in the quarter to be reported.

Boise Cascade Company (BCC - Free Report) has an Earnings ESP of +6.50% and a Zacks Rank of 2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

Boise Cascade’s earnings beat estimates in two of the last four quarters, missed on one occasion and met on the remaining occasion, the average surprise being 40.8%. BCC’s earnings for the second quarter of 2026 are expected to decline 25% year over year.

CRH plc (CRH - Free Report) currently has an Earnings ESP of +4.08% and a Zacks Rank of 3.

CRH’s earnings beat estimates in two of the last four quarters, missed on one occasion and met on the remaining occasion, the average surprise being 0.7%. CRH’s earnings for the second quarter of 2026 are expected to inch up 1% year over year.

Limbach Holdings, Inc. (LMB - Free Report) has an Earnings ESP of +0.26% and a Zacks Rank of 3 at present.

Limbach’s earnings beat estimates in three of the last four quarters and missed on the remaining one occasion, the average surprise being 37.3%. LMB’s earnings for the second quarter of 2026 are expected to rise 5.4% year over year.

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LANCASTER, Pa.--(BUSINESS WIRE)--Armstrong World Industries, Inc. (NYSE:AWI), an Americas leader in the design and manufacture of innovative interior and exterior architectural applications including ceilings, specialty walls and exterior metal solutions, announced today that its Board of Directors has approved an additional $800 million authorization to repurchase shares under the Company's existing share repurchase program, increasing the total authorized amount under the program to $2.5 billion, and extending the program through Dec. 31, 2029.

In addition, the Board of Directors has declared a cash dividend of $0.339 per share of common stock. The dividend will be paid on Aug. 19, 2026, to shareholders on record as of the close of business on Aug. 5, 2026.

"I'm pleased to announce the Board’s approval of this $800 million increase in our share repurchase authorization which, along with our quarterly dividend, reflects the fundamental strength of our business model and its ability to consistently generate strong Adjusted Free Cash Flow," said Chris Calzaretta, SVP and CFO of Armstrong World Industries. "With our consistent approach to capital allocation and a healthy balance sheet, we are well-positioned for continued long-term shareholder value creation."

Pursuant to the share repurchase program, the Company may purchase shares of its common stock at times and in such amounts as management deems appropriate, subject to market and business conditions, regulatory requirements and other factors. Repurchases under the program may be made through open market, block and privately-negotiated transactions, including Rule 10b5-1 plans. The expanded program, unless otherwise determined by the Board of Directors, does not obligate the Company to purchase any particular amounts of common stock and may be suspended or discontinued at any time without notice. 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.

About Armstrong

Armstrong World Industries, Inc. (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. For more than 165 years, Armstrong has delivered products and capabilities that enable architects, designers and contractors to transform building design and construction with elevated aesthetics, acoustics and sustainable attributes. With $1.6 billion in revenue in 2025, AWI has approximately 4,000 employees and a manufacturing network of 24 facilities, plus seven facilities dedicated to its WAVE joint venture.

More News From Armstrong World Industries, Inc.

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, /PRNewswire/ -- McNICHOLS CO., the largest value-added distributor and fabricator of specialty metals and fiberglass products in North America, announces Mateus Panosso's appointment as President. McNICHOLS and One Equity Partners (OEP), who made a significant investment in the Company in October 2025, view this decision as an important step forward in their partnership.

Mateus brings an accomplished career to McNICHOLS, having led domestic and international P&Ls within the distribution and industrial services space. He has also led various enterprise strategy and business development functions with a focus on scaling complex, geographically dispersed industrial businesses.

Most recently, Mateus served as Head of Company-Owned Distribution at Wilsonart, a private-equity-backed engineered surfaces company serving both commercial and residential markets. Mateus was charged with scaling and professionalizing the company's distribution business unit, driving organic and acquisition growth through greenfield expansion, increasing value-added service offerings, and introducing third-party products across the network.

"I am very excited to welcome Mateus to the Hole Team," said McNICHOLS CEO Scott McNichols. "He joins us at an important time in our nearly 75-year history. Mateus is passionate about growth, serving others, and leading with customer-focused values, which align with our organization. I look forward to supporting him and our senior leadership team as they pursue our growth objectives together. I would also like to thank CarterBaldwin Executive Search for leading the nationwide search."

Prior to Wilsonart, Mateus served as Vice President of Strategy and Corporate Development at Armstrong World Industries (NYSE: AWI), where he built the company's corporate M&A function, executed multiple acquisitions, and led the divestiture of AWI's European and Asian businesses.

Earlier in his career, Mateus held strategy, business development, and P&L leadership roles at DuPont (NYSE: DD), including regional Latin American business responsibilities. As an early entrepreneur, he co-founded and ran a successful import/export distribution company. Mateus began his career at Accenture, focused on developing solutions for utility and energy companies in their Chicago and German offices.

Mateus holds a B.S. and B.A. in Business and Russian from Miami University (Ohio), an MBA in finance and entrepreneurship from the University of Pennsylvania Wharton School, and an M.S. in international studies from the University of Pennsylvania Lauder Institute.

About McNICHOLS CO.
McNICHOLS is the largest value-added distributor and fabricator of specialty metals and fiberglass products in the US, serving customers in all 50 states and internationally. Headquartered in Tampa, FL, the Company operates 19 strategically located service centers and is best known for its leadership in supplying "Hole Products," including perforated and expanded metals, wire mesh, and designer metals, supported by a broad portfolio of bar grating, plank grating, fiberglass grating, and industrial flooring solutions. Founded in 1952, McNICHOLS entered a new chapter in October 2025 with a strategic investment from One Equity Partners. For additional information, please visit www.mcnichols.com.

About One Equity Partners
One Equity Partners (OEP) is a middle-market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm seeks to build market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record of generating long-term value for its partners. Since 2001, the firm has completed more than 500 transactions worldwide. The firm has offices in New York, Chicago, Frankfurt, and Amsterdam. For more information about OEP, please visit www.oneequity.com.

About CarterBaldwin Executive Search
Founded in 2001, CarterBaldwin is a retained executive search firm that partners with leading corporations, private equity firms, privately held businesses, and nonprofit organizations to build exceptional leadership teams. The firm has completed more than 2,000 searches and has grown into a national practice with international reach while maintaining the hands-on partner involvement that has defined the firm since its founding. CarterBaldwin is recognized by Forbes as one of America's Best Executive Recruiting Firms and is consistently ranked among the nation's leading executive search firms by Hunt Scanlon, including its Top 50 and PE Power 75 rankings. For more information, please visit www.carterbaldwin.com.

SOURCE McNichols Co.

Glancy Prongay Wolke & Rotter LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Armstrong World Industries, Inc. (“Armstrong World” or the “Company”) (NYSE: AWI) investors concerning the Company’s possible violations of the federal securities laws.

IF YOU ARE AN INVESTOR WHO LOST MONEY ON ARMSTRONG WORLD INDUSTRIES, INC. (AWI), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.

What Happened?

On February 24, 2026, Armstrong World released its fourth quarter and full year 2025 financial results, missing consensus estimates and disclosing that “volumes in the quarter were softer than we expected” and that it “did not see the normal bounce back after reopening.” The Company also noted that five “good sized projects” were delayed and that those projects “not only fell out of the quarter, they fell out of the year.”

On this news, Armstrong World’s stock price fell $18.53, or 9.6%, to close at $174.30 per share on February 24, 2026, thereby injuring investors.

Contact Us To Participate or Learn More:

If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
Charles Linehan, Esq.,
Glancy Prongay Wolke & Rotter LLP,
1925 Century Park East, Suite 2100,
Los Angeles California 90067
Email: [email protected]
Telephone: 310-201-9150 (Toll-Free: 888-773-9224)
Visit our website at www.glancylaw.com.
Follow us for updates on LinkedIn, Twitter, or Facebook.

Whistleblower Notice

Persons with non-public information regarding Armstrong World should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email [email protected].

About Glancy Prongay Wolke & Rotter LLP

GPWR is a premier law firm with decades of experience representing investors and consumers in securities litigation and other complex class action litigation. Recognizing the firm’s recent successes, GPWR was named one of Law360’s Securities Groups of the Year and ranked second-highest in total investor recoveries by Institutional Shareholder Services Securities Class Action Services in 2025. GPWR’s lawyers have handled cases covering a wide spectrum of corporate misconduct and relating to nearly all industries and sectors. GPWR’s past successes have been widely covered by leading news and industry publications such as The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron’s, Investor’s Business Daily, Forbes, and Money. Prior results do not guarantee a similar outcome.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260520916728/en/

NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP reminds investors of its investigation on behalf of Armstrong World Industries, Inc. (“Armstrong World” or the “Company”) (NYSE:AWI) investors concerning the Company's and/or members of its senior management's possible violation of the federal securities laws or other unlawful business practices. [LEARN MORE ABOUT THE INVESTIGATION] What Happened? On February 24, 2026, Armstrong World reported its fourth quarter and full-year 2025 f.

Armstrong World Industries (AWI +1.91%) and Carlisle Companies (CSL +4.02%) possess elite, high-margin, cash-compounding financial profiles, but they frequently fly under the radar for mainstream or institutional investors.

That's because they're boring -- in a good way. They make high-margin goods that most investors don't think much about. Armstrong makes acoustical ceiling tiles and mineral fiber wall panels. Carlisle makes single-ply thermoplastic roofing membranes and commercial building envelope insulation.

Here are three reasons why I like each of these construction supply stocks.

Image source: Getty Images.

Armstrong gets stability with high renovation exposure One of the biggest misconceptions about building materials companies is that they are entirely at the mercy of volatile new construction starts. Armstrong breaks this mold cleanly because roughly 70% of its commercial revenue is tied to renovation and remodel work, rather than new buildings.

This structural exposure to remodeling helps the company during economic slowdowns. Commercial properties regularly need ceiling and acoustical updates, even when new from-the-ground-up construction freezes.

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Strong growth in its Architectural Specialties segment Armstrong operates two main divisions: traditional Mineral Fiber and the higher-end Architectural Specialties segment. Management has deliberately leaned into the latter to drive structural margin expansion. The company's strategic acquisitions, including the February purchase of Eventscape, have allowed Armstrong to expand beyond standard drop ceilings into premium, high-aesthetic metal, wood, and resin wall systems.

In the first quarter, the company reported record sales of $409.9 million, up 7.1% year over year, led by 11% growth in Architectural Specialties revenue. This shift toward a more specialized, premium product mix supports management's stellar targeted adjusted earnings before interest, depreciation, taxes, and amortization (EBITDA) margins of 32% to 34%. Adjusted earnings per share (EPS) were up 1.8% over the same period last year, to $1.69. The company also reaffirmed its adjusted EPS yearly guidance of 10% to 14% growth.

Armstrong is shareholder-friendly The company has increased its dividend for seven consecutive years, including a 10% increase in 2025 to $0.339 per quarterly share. At its current share price, the dividend yield is around 0.8%. There's plenty of room for growth, with a payout ratio of around 18%. In Q1, the company spent $60 million on share repurchases, leaving it with $473 million remaining under its current repurchase program.

Carlisle benefits from the big reroofing moat The biggest misconception about Carlisle is that it rises and falls with the cyclical real estate market. In reality, most of Carlisle's core commercial roofing demand comes from recurring maintenance and reroofing projects on an aging U.S. building stock.

Commercial flat roofs have a hard expiration date. Every 15 to 25 years, regardless of interest rates or new construction starts, a building owner must replace a failing roof to protect the assets below. This creates a highly predictable, defensive base of revenue that insulates Carlisle from severe economic downturns and provides incredibly reliable cash flow visibility.

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Carlisle is also shareholder-friendly Carlisle leverages its consistent, annual operating cash flow of more than $1 billion into share buybacks and above-average dividends. Carlisle repurchased $250 million of its shares in Q1, and is actively executing against a massive $1 billion buyback target. This shrinking share count provides a powerful, structural tailwind to long-term EPS growth. In Q1, the company also paid out $46 million in dividends.

The company has increased its dividend for 49 consecutive years, making it just one year shy of being a Dividend King, the rare group of stocks that have raised their dividends for 50 or more consecutive years. Carlisle's steady dividend raises, including a 10% increase to $1.10 per quarterly share in 2025, have kept investors loyal and demonstrate a deep-rooted commitment to continuous cash returns across all phases of the economic cycle. The yield at its current share price is around 1.32%, and its payout ratio of 25% suggests room for additional dividend increases.

Carlisle had a mixed Q1, with revenue falling 4% year over year to $1.05 billion. However, its strong margins led to adjusted EPS rising 1% to $3.63 compared with Q1 2025.

The company's 2026 guidance predicts revenue growth in the low single digits, with full-year adjusted EBITDA increasing by 50 basis points.

Making a solid choice Both of these stocks are good buys right now. Compared to their peers, they are undervalued, trading below 23 times earnings, with superior return on equity and profit margins.

The market has lumped both of these stocks with companies that specialize in materials for new construction, but both have a majority of their business tied to recurring maintenance. They are also shareholder-friendly, and each recently increased its dividend by 10%. Being overlooked means that now is still a good time to buy these stocks before they rise.

NEW YORK, May 26, 2026 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP continues its investigation on behalf of Armstrong World Industries, Inc. (“Armstrong World” or the “Company”) (NYSE:AWI) investors concerning the Company’s and/or members of its senior management’s possible violation of the federal securities laws and other unlawful business practices.

[LEARN MORE ABOUT THE INVESTIGATION]

What Happened?

On February 24, 2026, Armstrong World reported its fourth quarter and full-year 2025 financial results. During the Company’s earnings call, Armstrong disclosed that “volumes in the quarter were softer than we expected” and that it “did not see the normal bounce back after reopening.” Armstrong World also discussed project timing issues in its Architectural Specialties segment, stating that “there were five good sized projects” that were delayed and that those projects “not only fell out of the quarter, they fell out of the year.” The Company further stated that it “really did not have the operating leverage in the fourth quarter based on these project push outs” and described the impact as creating an “air pocket” in its results. On this news, the price of Armstrong World shares declined by $18.53 per share, or approximately 10%, from $192.83 per share on February 23, 2026 to close at $174.30 on February 24, 2026.

What Should I Do?

At this stage, no lawsuit has been filed. The investigation is ongoing to determine whether claims may be brought under federal securities laws.

If you purchased or otherwise acquired Armstrong World securities, have information, or would like to learn more about this investigation, please contact Lauren Molinaro of Kirby McInerney LLP by email at [email protected], or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.

[LEARN MORE ABOUT SECURITIES CLASS ACTIONS]

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts
Kirby McInerney LLP        
Lauren Molinaro, Esq.
212-699-1171
https://www.kmllp.com
https://securitiesleadplaintiff.com/
[email protected]

Armstrong World Industries, Inc. (NYSE: AWI), a leader in the design, innovation and manufacture of interior and exterior architectural applications including ceilings, specialty walls and exterior metal solutions, today announced the release of its sixth annual Sustainability Report. The report highlights the company’s progress in 2025 across its three sustainability pillars: Healthy and Circular Products, Healthy Planet and Thriving People and Communities, all aligned with the company’s purpose of making a positive difference in the spaces where people live, work, learn, heal and play.

“This year’s report highlights the continued integration of sustainability across our company,” said Mark Hershey, President and CEO of AWI. “In 2025, we advanced initiatives that reduce waste, enhance efficiency in our operations and increase the performance of innovative sustainable solutions like Templok®. These efforts reflect our strategic commitment to productive operations and developing products that enable our customers to design and create healthier, more energy-efficient spaces.”

The 2026 Sustainability Report spotlights enhancements to Armstrong’s innovative Templok® energy saving ceiling tiles, which increase thermal storage capacity and eliminate chemicals of concern. Templok is now part of the company’s Sustain® portfolio, representing the company’s most sustainable, high‑performance ceiling products that meet stringent environmental standards in our industry.

The report highlights continued progress across AWI’s sustainability initiatives, including implementation of advanced wastewater processing at the Hilliard, Ohio, facility to help divert paint waste from landfill. The company advanced renewable energy and carbon reduction efforts while continuing to invest in operational efficiencies that support both sustainability priorities and long-term business performance.

AWI also advanced its people-first culture through ongoing investments in employee growth, development and workplace safety. Through the Armstrong World Industries Foundation and corporate giving initiatives, AWI continued supporting education, environmental protection and thriving neighborhoods in the communities where employees live and work.

AWI prepared the 2026 Sustainability Report in reference to the GRI Standards and in alignment with the following additional frameworks and standards: Sustainability Accounting Standards Board (SASB), Construction Materials and Building Products and Furnishings Standards, the Task Force on Climate-Related Financial Disclosures (TCFD) and the International Sustainability Standards Board (ISSB) IFRS S2 Climate-Related Disclosures. This report also serves as AWI’s United Nations Global Compact Communication on Progress.

View the complete report here to explore AWI’s 2025 sustainability performance highlights and future goals.

About Armstrong

Armstrong World Industries, Inc. (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. For more than 165 years, Armstrong has delivered products and capabilities that enable architects, designers and contractors to transform building design and construction with elevated aesthetics, acoustics and sustainable attributes. With $1.6 billion in revenue in 2025, AWI has approximately 4,000 employees and a manufacturing network of 24 facilities, plus seven facilities dedicated to its WAVE joint venture.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260527623551/en/

It has been about a month since the last earnings report for Armstrong World Industries (AWI - Free Report) . Shares have lost about 5.4% in that time frame, underperforming the S&P 500.

But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Armstrong World Industries due for a breakout? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent catalysts for Armstrong World Industries, Inc. before we dive into how investors and analysts have reacted as of late.

Armstrong World Q1 Earnings Miss Estimates, Sales Up Y/YArmstrong World posted adjusted earnings of $1.69 per share for the first quarter of 2026, up 1.8% year over year but missing the Zacks Consensus Estimate of $1.82 by 7.1%. Quarterly net sales rose 7.1% to $409.9 million and edged past the consensus mark of $409 million by 0.1%.

The quarter featured solid top-line momentum, supported by higher volumes and favorable average unit value (AUV), but profitability was pressured by short-term headwinds tied largely to Architectural Specialties.

AWI’s Sales Growth Driven by AUV and VolumesAWI’s first-quarter net sales gain was driven by a mix of higher volumes and favorable AUV, with management attributing the consolidated improvement to $17 million of volume growth and $10 million of AUV benefits compared with the prior-year quarter. Architectural Specialties contributed $15 million of incremental sales, while Mineral Fiber added $12 million.

On the mix within Architectural Specialties, the company cited a $10 million increase in organic net sales along with a $5 million inorganic contribution. In Mineral Fiber, the sales lift was fueled primarily by favorable AUV and improved volumes, reflecting steady commercial execution.

Armstrong’s Margins Hit by Tariff and Other CostsOperating income declined 4.4% year over year, and operating margin contracted to 23% from 25.7%, reflecting a combination of non-recurring costs and near-term pressures.

Management highlighted several specific headwinds, including higher expenses related to severance and cost reduction actions, acquisition costs associated with the Eventscape transaction, and a tariff adjustment. While adjusted EBITDA increased slightly year over year, the related margin fell to 31.7% from 33.6%, underscoring the cost and mix pressures that accompanied the strong sales growth.

AWI’s Mineral Fiber Delivers Solid ProfitabilityMineral Fiber results were steadier, with segment net sales rising 4.9% year over year to $257.2 million. The increase was driven by $10 million of favorable AUV, primarily from like-for-like price, and $2 million of higher sales volumes, which the company tied to solid commercial execution.

Despite higher manufacturing costs—driven by raw material and energy inflation as well as unfavorable inventory valuation impacts—the segment delivered year-over-year operating income growth to $85.5 million. Adjusted EBITDA climbed to $109 million, and adjusted EBITDA margin remained strong at 42.4%, supported in part by a modest lift in equity earnings from the Worthington Armstrong Venture (WAVE).

Armstrong’s Architectural Specialties Faces HeadwindsArchitectural Specialties delivered double-digit sales growth, with segment net sales up 11% year over year to $152.7 million. The company pointed to growth within its metal and wood categories and contributions from recent acquisitions as key drivers of the revenue gain.

Earnings performance, however, softened meaningfully. Segment operating income fell to $9.3 million from $14.8 million as non-recurring and discrete costs offset the benefit of higher organic net sales. Management called out a tariff-related manufacturing cost adjustment, Eventscape-related acquisition costs, and higher selling expenses tied to growth investments, all of which weighed on operating leverage during the quarter.

AWI’s Capital AllocationCapital allocation remained active in the quarter. AWI repurchased 0.3 million shares for $60 million at an average price of $176 per share, and it ended the period with $473 million remaining under its current repurchase authorization. On the balance sheet, the company reported cash and cash equivalents of $79.8 million at March 31, 2026, and total assets of $1.99 billion.

AWI Reaffirms 2026 OutlookFor 2026, AWI reaffirmed its outlook for net sales, adjusted EBITDA and adjusted free cash flow, while modestly raising its adjusted diluted earnings per share growth outlook on expectations for higher share repurchases. The company’s updated full-year guidance calls for net sales of $1.745-$1.785 billion, adjusted EBITDA of $600-$620 million, adjusted free cash flow of $375-$395 million and adjusted diluted earnings per share of $8.15-$8.45.

How Have Estimates Been Moving Since Then?It turns out, estimates review have trended downward during the past month.

VGM ScoresAt this time, Armstrong World Industries has a average Growth Score of C, though it is lagging a bit on the Momentum Score front with a D. Charting a somewhat similar path, the stock has a score of C on the value side, putting it in the middle 20% for this investment strategy.

Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Interestingly, Armstrong World Industries has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Performance of an Industry PlayerArmstrong World Industries is part of the Zacks Building Products - Miscellaneous industry. Over the past month, United Rentals (URI - Free Report) , a stock from the same industry, has gained 3.8%. The company reported its results for the quarter ended March 2026 more than a month ago.

United Rentals reported revenues of $3.99 billion in the last reported quarter, representing a year-over-year change of +7.2%. EPS of $9.71 for the same period compares with $8.86 a year ago.

United Rentals is expected to post earnings of $11.60 per share for the current quarter, representing a year-over-year change of +10.8%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.1%.

United Rentals has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of C.

NEW YORK, June 02, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Armstrong World Industries, Inc. (“Armstrong” or the “Company”) (NYSE: AWI).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Armstrong and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On February 24, 2026, Armstrong reported its fourth quarter and full-year 2025 financial results.  During the Company’s earnings call, Armstrong disclosed that “volumes in the quarter were softer than we expected” and that it “did not see the normal bounce back after reopening.”  Armstrong also discussed project timing issues in its Architectural Specialties segment, stating that “there were five good sized projects” that were delayed and that those projects “not only fell out of the quarter, they fell out of the year.”  The Company further stated that it “really did not have the operating leverage in the fourth quarter based on these project push outs” and described the impact as creating an “air pocket” in its results.  

On this news, Armstrong’s stock price fell $18.53 per share, or approximately 10%, to close at $174.30 per share on February 24, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT: 
Danielle Peyton 
Pomerantz LLP 
[email protected] 
646-581-9980 ext. 7980 

, /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Armstrong World Industries, Inc. ("Armstrong" or "the Company") (NYSE: AWI) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Armstrong reported its Q4 and full-year 2025 financial results on February 24, 2026. The Company revealed during its earnings call that "volumes in the quarter were softer than we expected" and that it "did not see the normal bounce back after reopening." Based on this news, shares of Armstrong fell by about 10% on the same day.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm 
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com

SOURCE The Schall Law Firm

NEW YORK, June 11, 2026 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Armstrong World Industries, Inc. ("Armstrong" or the "Company") (NYSE: AWI).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.