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Armstrong World Industries Inc (AWI)




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Upturn Advisory Summary
08/14/2025: AWI (4-star) is a STRONG-BUY. BUY since 71 days. Profits (29.81%). Updated daily EoD!
1 Year Target Price $191.78
1 Year Target Price $191.78
2 | Strong Buy |
1 | Buy |
4 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 121.68% | Avg. Invested days 71 | 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 8.40B USD | Price to earnings Ratio 28.72 | 1Y Target Price 191.78 |
Price to earnings Ratio 28.72 | 1Y Target Price 191.78 | ||
Volume (30-day avg) 7 | Beta 1.43 | 52 Weeks Range 117.23 - 197.04 | Updated Date 08/15/2025 |
52 Weeks Range 117.23 - 197.04 | Updated Date 08/15/2025 | ||
Dividends yield (FY) 0.63% | Basic EPS (TTM) 6.76 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-07-28 | When Before Market | Estimate 1.78 | Actual 2.09 |
Profitability
Profit Margin 18.96% | Operating Margin (TTM) 21.55% |
Management Effectiveness
Return on Assets (TTM) 10.65% | Return on Equity (TTM) 39.29% |
Valuation
Trailing PE 28.72 | Forward PE 28.25 | Enterprise Value 8971345404 | Price to Sales(TTM) 5.38 |
Enterprise Value 8971345404 | Price to Sales(TTM) 5.38 | ||
Enterprise Value to Revenue 5.75 | Enterprise Value to EBITDA 16.74 | Shares Outstanding 43258300 | Shares Floating 42716305 |
Shares Outstanding 43258300 | Shares Floating 42716305 | ||
Percent Insiders 1.24 | Percent Institutions 101.88 |
Upturn AI SWOT
Armstrong World Industries Inc

Company Overview
History and Background
Armstrong World Industries, Inc. was founded in 1860 as a cork-cutting shop. It evolved into a major manufacturer of flooring and ceiling systems, undergoing significant diversification and restructuring throughout its history. In 2016, the company separated its resilient flooring business into a separate entity.
Core Business Areas
- Ceiling Solutions (CS): Designs, manufactures, and sells ceiling systems including mineral fiber, fiberglass, and metal ceilings for commercial, residential, and institutional buildings.
- Architectural Specialties (AS): Focuses on custom ceiling and wall solutions, offering a range of materials and designs for specialized architectural projects.
Leadership and Structure
The leadership team includes the CEO, CFO, and various VPs overseeing different business segments. The organizational structure is functional, with distinct departments for sales, marketing, operations, and finance.
Top Products and Market Share
Key Offerings
- Mineral Fiber Ceilings: These are a core product, offering cost-effective and functional ceiling solutions. Competitors include CertainTeed (Saint-Gobain), USG Boral, and Knauf Insulation. Market share is estimated at 30% in North America for mineral fiber ceilings. Revenue contribution is significant, representing a large portion of CS segment revenue.
- Acoustical Metal Ceilings: Provides premium aesthetic and acoustic performance for specialized projects. Competitors include Hunter Douglas, Chicago Metallic Corporation, and Rulon International. Market share is smaller but growing in the architectural specialties segment. This product line contributes significantly to the AS segment.
- Wood Ceilings and Walls: Another product line with excellent acoustical and aesthetical qualities. Competitors include 9Wood, Rulon International. This product line contributes to the AS segment.
Market Dynamics
Industry Overview
The ceiling systems industry is influenced by construction activity, renovation spending, and trends in sustainable building practices. Demand is driven by both new construction and renovation projects in commercial, residential, and institutional sectors.
Positioning
Armstrong is a market leader in ceiling solutions, particularly in North America, known for its broad product portfolio, established distribution network, and brand recognition. Its competitive advantages include scale, innovation in acoustical performance, and commitment to sustainability.
Total Addressable Market (TAM)
The global ceiling market is estimated at $25 billion. Armstrong is well-positioned within this TAM, especially in the North American market, with expansion potential in architectural specialties and international markets.
Upturn SWOT Analysis
Strengths
- Strong brand recognition
- Extensive distribution network
- Broad product portfolio
- Innovation in acoustical solutions
- Sustainability focus
Weaknesses
- Exposure to cyclical construction markets
- Dependence on North American market
- Potential raw material price volatility
- Competition from lower-cost alternatives
Opportunities
- Expansion in emerging markets
- Growth in architectural specialties segment
- Increased demand for sustainable building products
- Acquisitions to broaden product offerings
Threats
- Economic downturns impacting construction spending
- Increased competition from global players
- Fluctuations in raw material costs
- Changes in building codes and regulations
Competitors and Market Share
Key Competitors
- USG Corporation (USG)
- Saint-Gobain (CODGF)
- Knauf (Not Traded)
- Rockfon (ROCKWOOL - Not Traded)
Competitive Landscape
Armstrong benefits from its scale, brand reputation, and distribution network. Competitors are focusing on product innovation, cost leadership, and geographic expansion.
Major Acquisitions
Arktura, LLC
- Year: 2023
- Acquisition Price (USD millions): 88
- Strategic Rationale: Expansion into high-end architectural specialty ceilings and walls
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been driven by construction cycles and strategic initiatives. The company has focused on expanding its architectural specialties segment and improving operational efficiency.
Future Projections: Analysts project steady growth driven by construction spending and market share gains. Future growth will be influenced by economic conditions and the company's ability to innovate and expand into new markets.
Recent Initiatives: Recent initiatives include investments in new product development, expansion of architectural specialties offerings, and sustainability programs.
Summary
Armstrong World Industries is a well-established leader in ceiling solutions, particularly in North America. Its strengths lie in its brand, distribution network, and product portfolio. However, its exposure to cyclical construction markets and dependence on North America pose challenges. The expansion in emerging markets can strengthen AWI.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (10-K, 10-Q)
- Industry Reports
- Analyst Estimates
- Company Website
Disclaimers:
The data provided is for informational purposes only and should not be considered financial advice. Market conditions and company performance are subject to change. Consult with a qualified financial advisor before making investment decisions.
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 3700 | |
Full time employees 3700 |
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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