Tuesday, Armstrong World Industries, Inc. (AWI)reported third-quarter income from continuing operations of $64.4 million or $1.12 per share, compared to $39.1 million or $0.68 per share in the third quarter of 2008.
On average, six analysts polled by Thomson Reuters estimated earnings of $0.45 per share for the quarter. Analysts' estimates typically exclude special items.
Third quarter net sales decreased 19% to $753.0 million from $929.6 million last year. Analysts expected revenue of $732.32 million for the quarter.
Company reaffirmed 2009 sales outlook to be between $2.75 billion and $2.8 billion. Analysts currently expect $2.72 billion. The company expects 2009 adjusted EPS to range between $1.34 to $1.41 per share, compared to $2.37 per share in 2008. Analysts presently estimate earnings of $1.12 per share.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.