Armstrong World Industries Inc. (AWI) announced earnings for its third quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $76.9 million, or $1.75 per share. This compares with $69.5 million, or $1.56 per share, in last year's third quarter.
Excluding items, Armstrong World Industries Inc. reported adjusted earnings of $79 million or $1.81 per share for the period.
Analysts on average had expected the company to earn $1.75 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 11.3% to $386.6 million from $347.3 million last year.
Armstrong World Industries Inc. earnings at a glance (GAAP) :
-Earnings (Q3): $76.9 Mln. vs. $69.5 Mln. last year.
-EPS (Q3): $1.75 vs. $1.56 last year.
-Revenue (Q3): $386.6 Mln vs. $347.3 Mln last year.
-Guidance:
Full year EPS guidance: $6.15 to $6.25
Full year revenue guidance: $1.420to$1.435 Bln
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