Armstrong World Industries Inc. (AWI) released a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at $62.2 million, or $1.42 per share. This compares with $46.8 million, or $1.06 per share, last year.
Excluding items, Armstrong World Industries Inc. reported adjusted earnings of $66 million or $1.50 per share for the period.
Analysts on average had expected the company to earn $1.38 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 17.7% to $367.7 million from $312.3 million last year.
Armstrong World Industries Inc. earnings at a glance (GAAP) :
-Earnings: $62.2 Mln. vs. $46.8 Mln. last year.
-EPS: $1.42 vs. $1.06 last year.
-Revenue: $367.7 Mln vs. $312.3 Mln last year.
Looking ahead, for the full-year 2025, AWI expects a rise in earnings and revenue.
AWI expects annual adjusted earnings per share of $6.85 to $7.15, with sales of $1.570 billion to $1.610 billion.
For the full-year 2024, the company has reported adjusted income per share of $6.31, on sales of $1.446 billion.
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