Inferra AI / Company / AWI

Armstrong World Industries Inc.

AWI · Materials

Last earnings Oct 27, 2026

Key results

Operating incomequarter

Operating income increased 5% and Adjusted EBITDA increased 6% &#x2022

SEC original ↗Armstrong World Industries Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Free cash flowquarter

22%

free cash flow up 22% &#x2022

SEC original ↗Armstrong World Industries Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Revenuequarter

$16 million

Architectural Specialties segment net sales improved due to a $16 million contribution from the 2024 acquisitions of 3form, LLC ( 3form ) and A.

SEC original ↗Armstrong World Industries Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Consolidated operating incomequarter

5.3%

Consolidated operating income increased 5.3% in the third quarter of 2025 compared to the prior-year period primarily due to an $11 million benefit from sales volume growth, a $9 million margin benefit from favorable AUV and a $3 million increase in equity earnings from the Worthington Armstrong Joint Venture ( WAVE ).

SEC original ↗Armstrong World Industries Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

The acquisitions of 3form and Zahner contributed $5 million to the increase in sales volumes and $2 million to the increase in operating income.

SEC original ↗Armstrong World Industries Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Mineral Fiber operating incomequarter

6.1%

Mineral Fiber operating income increased 6.1% year-over-year primarily due to a $9 million benefit from favorable AUV, a $3 million increase in WAVE equity earnings and a $1 million benefit from higher sales volumes.

SEC original ↗Armstrong World Industries Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Architectural Specialties operating incomequarter

0.5%

2 Architectural Specialties operating income increased 0.5% in the third quarter of 2025, primarily driven by contributions from the acquisitions of 3form and Zahner, in addition to improved custom project margins.

SEC original ↗Armstrong World Industries Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

With $1.4 billion in revenue in 2024, AWI has approximately 3,800 employees and a manufacturing network of 21 facilities, plus seven facilities dedicated to its WAVE joint venture.

SEC original ↗Armstrong World Industries Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

AI analysis

Q3 2025 · reported Oct 28, 2025

Based on: Earnings release + Q3 2025 deck + parent 8-K — transcript not held

Revenue · Q3 2025

$16M

EX-99 · Oct 28, 2025

Headline figures

Metric	Q3 2025	Prior qtr	Year ago
Operating income	5%	—	—
Free cash flow	22%	—	—
Revenue	$16 million	—	—
Consolidated operating income	5.3%	—	—
Mineral Fiber operating income	6.1%	—	—
Architectural Specialties operating income	0.5%	—	—

EX-99 · Oct 28, 2025

Guidance · company-stated

Direction: Raised

Revenue

“Updating 2025 Outlook “With year-to-date sales growth of 14% and adjusted EBITDA growth of 15%, we are raising our full-year 2025 guidance across all key metrics,” said Chris Calzaretta, AWI Senior Vice President and CFO.”

Classified from the release's primary full-year outlook statement.

Next earningsNo verified date on fileNo date is estimated or imported

Cash flow & capex

Free cash flow22%

Capital allocation

Year-to-date cash flows from investing activities increased $78 million versus the prior-year period, primarily due to $94 million of cash paid in 2024 for the 3form acquisition and an increase in dividends from WAVE, partially offset by a decrease in proceeds from the sale of fixed assets and an increase in purchases of property, plant and equipment.

Share Repurchase Program During the third quarter of 2025, we repurchased 0.1 million shares of common stock for a total cost of $27 million, excluding the cost of commissions and taxes.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

These results were driven by solid operational and commercial execution across our enterprise that allowed us to overcome lingering market softness and some timing-related cost headwinds,” said AWI President and CEO, Vic Grizzle

Based on: Earnings release + Q3 2025 deck + parent 8-K — transcript not held

Guidance & outlook

Direction: Raised

Revenue: “Updating 2025 Outlook “With year-to-date sales growth of 14% and adjusted EBITDA growth of 15%, we are raising our full-year 2025 guidance across all key metrics,” said Chris Calzaretta, AWI Senior Vice President and CFO.”

Revenue — Raised (“raising”)
“Updating 2025 Outlook “With year-to-date sales growth of 14% and adjusted EBITDA growth of 15%, we are raising our full-year 2025 guidance across all key metrics,” said Chris Calzaretta, AWI Senior Vice President and CFO.”

Classified from the release's primary full-year outlook statement.

Capital allocation

SEC original ↗Armstrong World Industries Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Share Repurchase Program During the third quarter of 2025, we repurchased 0.1 million shares of common stock for a total cost of $27 million, excluding the cost of commissions and taxes.

SEC original ↗Armstrong World Industries Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

As of September 30, 2025, there was $583 million remaining under the Board of Directors' current authorized share repurchase program**.

SEC original ↗Armstrong World Industries Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

** In July 2016, our Board of Directors approved our share repurchase program authorizing us to repurchase outstanding shares of common stock (the “Program”).

SEC original ↗Armstrong World Industries Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Since inception of the Program, we have been authorized to repurchase up to an aggregate of $1,700 million of our outstanding shares of common stock through December 2026.

SEC original ↗Armstrong World Industries Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Since inception and through September 30, 2025, we have repurchased 15.1 million shares under the Program for a total cost of $1,117 million, excluding commissions and taxes, or an average share price of $73.74 per share.

SEC original ↗Armstrong World Industries Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Strategy & priorities

“With our resilient business model, attractive growth initiatives that differentiate Armstrong in our markets, and our teams’ relentless focus on efficient execution, we remain confident in our ability to outperform current market conditions and deliver double-digit growth across all key metrics for 2025.

SEC original ↗Armstrong World Industries Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Increased volumes and favorable mix were driven by our strong execution, along with benefits from our growth initiatives.

SEC original ↗Armstrong World Industries Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

“We expect full-year margin expansion in both the Mineral Fiber and Architectural Specialties segments and remain confident in the strong adjusted free cash flow generation of the business.

SEC original ↗Armstrong World Industries Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

With a strong balance sheet, we are well-positioned to continue to execute our capital allocation strategy to drive shareholder value.

SEC original ↗Armstrong World Industries Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Examples of other excluded items have included plant closures, restructuring charges and related costs, separation costs and other cost reduction initiatives, environmental site expenses and environmental insurance recoveries, endowment level charitable contributions, the impact of defined benefit plan settlements, gains and losses on sales or impairment of fixed assets, and certain other gains and losses.

SEC original ↗Armstrong World Industries Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Risks & headwinds

These results were driven by solid operational and commercial execution across our enterprise that allowed us to overcome lingering market softness and some timing-related cost headwinds,” said AWI President and CEO, Vic Grizzle.

SEC original ↗Armstrong World Industries Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

A more detailed discussion of the risks and uncertainties that could cause our actual results to differ materially from those projected, anticipated or implied is included in the “Risk Factors” and “Management’s Discussion and Analysis” sections of our reports on Form 10-K and Form 10-Q filed with the U.

SEC original ↗Armstrong World Industries Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

EBITDA margin* of 19.8% ● Increase in SG&A expenses primarily due to the acquisitions of 3form and Zahner in addition to an increase in selling expenses ● Strong order intake growth across most specialty product categories Net Sales Growth VPY +18% Q3 2025 Consolidated Company Key Metrics Volume and AUV Growth More Than Offset Timing-Related Cost Headwinds Q3 2024 Q3 2025 Variance Net Sales $387 $425 10% Adj.

SEC original ↗Armstrong World Industries Inc. — Presentation / slide deck (8-K exhibit)EX-99Oct 28, 2025

Documents

Earnings deck slides

0 decks with slide view

Armstrong World Industries Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

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