ARMSTRONG WORLD INDUSTRIES Reports Q2 FY2023 Earnings Results on July 25th
August 28, 2023
🌥️Earnings Overview
ARMSTRONG WORLD INDUSTRIES ($NYSE:AWI) announced their earnings results for the second quarter of FY2023 on July 25 2023. The total revenue for the period ending June 30 2023 was USD 325.4 million, showing a 1.4% growth compared to the same quarter of the previous year. Net income reported a 15.3% year-over-year increase to USD 60.2 million.
Market Price
On Tuesday, July 25th, ARMSTRONG WORLD INDUSTRIES released their earnings report for the second quarter of FY2023. The stock opened at $78.3 and closed at $78.0, an increase of 2.5% from the previous closing price of 76.1. This was a promising sign for investors, who had been waiting on the edge of their seats to find out how the company had performed in the second quarter. The financial report gave investors the insight necessary to make informed decisions about their investments in ARMSTRONG WORLD INDUSTRIES. A strong performance in the second quarter could indicate that the company is on track for a successful financial year.
The company also revealed the effects that their strategy changes had on their short-term results, which were also positive. Overall, the results of ARMSTRONG WORLD INDUSTRIES’ second quarter have been promising and investors are feeling optimistic about the future of the company. The company’s stock has reacted positively to the news and there is hope that the company will continue to perform well in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for AWI. More…
| Total Revenues | Net Income | Net Margin |
| 1.27k | 213.8 | 17.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for AWI. More…
| Operations | Investing | Financing |
| 213.2 | 23.8 | -214.3 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for AWI. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.71k | 1.15k | 12.64 |
Key Ratios Snapshot
Some of the financial key ratios for AWI are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.0% | 1.8% | 24.4% |
| FCF Margin | ROE | ROA |
| 9.1% | 34.8% | 11.3% |
Analysis
We at GoodWhale have recently conducted an analysis of ARMSTRONG WORLD INDUSTRIES’s wellbeing. Our Risk Rating gave the company a medium risk in terms of financial and business aspects. We also detected 1 risk warnings in their balance sheet, but only registered users can access this information. If you’re a registered user, be sure to log in to view the warning to make sure you know all the risks associated with investing in this company. More…
Peers
In the world of flooring, there are a few major players that compete for market share. Armstrong World Industries Inc is one of those companies. They have been in business for over 150 years and have a strong brand name. Some of their main competitors are Forbo Holding AG, Deceuninck NV, and GMS Inc. All of these companies have their own strengths and weaknesses, but Armstrong seems to be doing well in the market.
– Forbo Holding AG ($LTS:0QKD)
As of 2022, Forbo Holding AG has a market cap of 1.65B and a Return on Equity of 21.17%. The company is involved in the manufacturing of flooring, adhesives, and surface treatment products. It operates in two segments: Flooring Systems and Adhesives. The Flooring Systems segment offers a wide range of linoleum, vinyl, and textile floor coverings. The Adhesives segment provides adhesives for the woodworking, construction, and textile industries.
– Deceuninck NV ($LTS:0MEL)
Deceuninck NV is a company that manufactures and sells building and construction products. Its products include windows, doors, and frames. The company has a market cap of 278.24M as of 2022 and a return on equity of 9.83%. Deceuninck NV is a publicly traded company listed on the Euronext Brussels stock exchange.
– GMS Inc ($NYSE:GMS)
GMS Inc is a leading provider of construction and distribution services to the construction industry. It has a market cap of 1.85B as of 2022 and a ROE of 26.33%. The company has a strong presence in the United States, Canada, and Mexico. It offers a wide range of products and services to its customers, including construction materials, distribution, and installation services.
Summary
ARMSTRONG WORLD INDUSTRIES reported strong financial results for Q2 FY2023 with total revenue of USD 325.4 million, a 1.4% YoY increase. Net income was USD 60.2 million, up 15.3% YoY. This performance reflects the company’s ability to manage its operations and generate profitable growth despite challenging economic conditions. Investors should consider ARMSTRONG WORLD INDUSTRIES as a potential investment opportunity due to its sound fundamentals, stable outlook, and attractive valuations.
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