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Armstrong World Industries Inc (AWI)




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Upturn Advisory Summary
06/27/2025: AWI (4-star) is a STRONG-BUY. BUY since 38 days. Profits (8.88%). Updated daily EoD!
Year Target Price $161.75
Year Target Price $161.75
2 | Strong Buy |
1 | Buy |
4 | Hold |
0 | Under performing |
0 | Sell |
Analysis of Past Performance
Type Stock | Historic Profit 85.96% | Avg. Invested days 65 | Today’s Advisory Strong Buy |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 7.08B USD | Price to earnings Ratio 26.1 | 1Y Target Price 166 |
Price to earnings Ratio 26.1 | 1Y Target Price 166 | ||
Volume (30-day avg) - | Beta 1.37 | 52 Weeks Range 109.75 - 169.32 | Updated Date 06/29/2025 |
52 Weeks Range 109.75 - 169.32 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 0.76% | Basic EPS (TTM) 6.25 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 18.25% | Operating Margin (TTM) 18.79% |
Management Effectiveness
Return on Assets (TTM) 10.39% | Return on Equity (TTM) 38.6% |
Valuation
Trailing PE 26.1 | Forward PE 23.7 | Enterprise Value 7595982225 | Price to Sales(TTM) 4.72 |
Enterprise Value 7595982225 | Price to Sales(TTM) 4.72 | ||
Enterprise Value to Revenue 5.06 | Enterprise Value to EBITDA 15.04 | Shares Outstanding 43426800 | Shares Floating 42884849 |
Shares Outstanding 43426800 | Shares Floating 42884849 | ||
Percent Insiders 1.21 | Percent Institutions 103.04 |
Analyst Ratings
Rating 3.71 | Target Price 161.75 | Buy 1 | Strong Buy 2 |
Buy 1 | Strong Buy 2 | ||
Hold 4 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Armstrong World Industries Inc

Company Overview
History and Background
Armstrong World Industries, founded in 1860 as a cork-cutting shop, evolved into a global leader in ceiling and wall solutions. Significant milestones include transitioning to linoleum flooring in the late 19th century and expanding into ceiling systems in the mid-20th century. The company has undergone restructuring and strategic acquisitions to focus on its core building products business.
Core Business Areas
- Ceiling Solutions: Designs, manufactures, and sells ceiling systems for commercial and residential applications. Includes acoustic ceilings, suspension systems, and integrated solutions.
- Architectural Specialties: Focuses on custom architectural specialty ceilings and wall solutions, offering design flexibility and performance attributes.
Leadership and Structure
Michel Vermette is the current CEO. The company is structured with functional departments and business units focused on specific product lines and customer segments. The board of directors oversees strategic direction and governance.
Top Products and Market Share
Key Offerings
- Acoustic Ceiling Tiles: Provides sound absorption and aesthetic appeal. Market share is significant in North America. Competitors include CertainTeed, USG, and Knauf Insulation.
- Suspension Systems: Supports ceiling tiles and provides structural integrity. Part of the ceiling solutions segment with competitive advantage. Competitors include Chicago Metallic and Hunter Douglas.
- Architectural Specialties Ceilings: Custom ceiling solutions for unique design requirements, focusing on high-end commercial projects. Competitors include SAS International, Rulon International
Market Dynamics
Industry Overview
The ceiling and wall solutions industry is influenced by construction activity, renovation trends, and demand for sustainable and aesthetically pleasing building materials. The industry is moderately competitive, with a mix of large players and smaller specialty firms.
Positioning
Armstrong World Industries is a leading player in the ceiling and wall solutions market, known for its broad product portfolio, established brand reputation, and strong distribution network. Competitive advantages include its innovation capabilities and customer relationships.
Total Addressable Market (TAM)
The global ceiling market is estimated to be in the billions of dollars. Armstrong is well positioned in the North American and European markets. Armstrong's position is that of a premium value provider with a large TAM focus.
Upturn SWOT Analysis
Strengths
- Strong brand recognition
- Extensive product portfolio
- Established distribution network
- Innovation in acoustic and sustainable solutions
- Strong customer relationships
Weaknesses
- Exposure to cyclical construction markets
- Raw material price volatility
- Dependence on North American market
- Integration risks from acquisitions
- Higher price point than some competitors
Opportunities
- Growing demand for sustainable building materials
- Expansion into emerging markets
- Development of integrated building solutions
- Increased renovation and retrofit activity
- Strategic acquisitions to expand product offerings
Threats
- Economic downturns affecting construction spending
- Increased competition from lower-cost manufacturers
- Changes in building codes and regulations
- Disruptive technologies and alternative materials
- Fluctuations in currency exchange rates
Competitors and Market Share
Key Competitors
- USG (USG)
- Saint-Gobain (CODGF)
- Knauf (Not Publicly Traded US Stock)
- CertainTeed (Saint-Gobain)
Competitive Landscape
Armstrong World Industries has a strong competitive position due to its brand, product breadth, and distribution network. However, it faces competition from both larger diversified players and smaller specialized firms. Armstrong competes on quality, innovation, and customer service.
Major Acquisitions
Plankwerks
- Year: 2018
- Acquisition Price (USD millions): 26
- Strategic Rationale: Expanded architectural specialties ceiling and wall solutions.
Arktura
- Year: 2021
- Acquisition Price (USD millions): 177
- Strategic Rationale: Expanded presence in architectural specialty ceilings and wall solutions.
Growth Trajectory and Initiatives
Historical Growth: Armstrong has experienced moderate growth in recent years, driven by both organic initiatives and strategic acquisitions. Growth rates have varied depending on market conditions and economic cycles.
Future Projections: Analyst estimates suggest continued growth in the coming years, driven by demand for sustainable building solutions and expansion into new markets. Growth rates are expected to be in the mid-single digits.
Recent Initiatives: Recent initiatives include investments in new product development, expansion of manufacturing capacity, and strategic acquisitions to broaden the product portfolio and expand market reach.
Summary
Armstrong World Industries is a strong player in the ceiling and wall solutions industry, driven by its established brand, broad product portfolio, and effective distribution network. The company's focus on innovation and sustainability positions it well for future growth. However, the company needs to manage raw material costs and stay ahead of competitors, and economic cycles can affect Armstrong.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Annual Reports
- Investor Presentations
- Industry Research Reports
- Analyst Estimates
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market data and analysis are subject to change and may not be accurate or complete.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Armstrong World Industries Inc
Exchange NYSE | Headquaters Lancaster, PA, United States | ||
IPO Launch date 2006-10-18 | President, CEO & Director Mr. Victor D. Grizzle | ||
Sector Industrials | Industry Building Products & Equipment | Full time employees 3600 | |
Full time employees 3600 |
Armstrong World Industries, Inc., together with its subsidiaries, engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas. It operates through Mineral Fiber and Architectural Specialties segments. The company offers mineral fiber, fiberglass, metal, wood, felt, resin, wood fiber, and glass-reinforced-gypsum; and ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems. It also designs, produces, and sources specialty ceilings, walls, and other interior and exterior architectural applications primarily for use in commercial settings; and manufactures ceiling suspension system (grid) products. It serves commercial and residential construction markets, as well as renovation of existing buildings sectors. The company sells its products to resale distributors, ceiling system contractors, wholesalers, and retailers comprising large home centers. Armstrong World Industries, Inc. was founded in 1860 and is headquartered in Lancaster, Pennsylvania.
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