Vmbook Online ordering
General Building Materials
Armstrong World Industries, Inc. (AWI) is a US-based company that operates in the building products industry. The company designs, manufactures, and sells ceiling systems, walls and ceilings solutions, and metal ceilings. Its products are used in various markets, such as commercial, institutional, and residential.
As of February 2023, Armstrong World Industries has a market capitalization of approximately $2.9 billion and trades on the New York Stock Exchange (NYSE) under the ticker symbol "awi."
Historical Performance:
In recent years, Armstrong World Industries has reported consistent growth in its revenues and earnings. Here are some key financial metrics for AWI over the past five years:
- Revenue (in millions): $1,040 (2018), $1,064 (2019), $1,456 (2020), $1,717 (2021), $1,837 (2022)
- Net Income (in millions): $104 (2018), $132 (2019), $169 (2020), $215 (2021), $219 (2022)
Earnings & Dividends:
Armstrong World Industries has a strong track record of paying dividends to its shareholders. The company has consistently increased its dividend payments over the past few years, with a current dividend yield of approximately 1.5%.
The company's earnings per share (EPS) have also grown steadily over the past few years. In 2022, AWI reported earnings per share of $3.65, up from $3.32 in 2021 and $2.99 in 2020.
Valuation:
As of February 2023, Armstrong World Industries is trading at a price-to-earnings (P/E) ratio of approximately 19.3x, based on its trailing twelve-month earnings. This valuation multiple is slightly higher than the industry average for building products companies.
Analyst Coverage & Recommendations:
According to data from Yahoo Finance, there are currently 7 analysts covering Armstrong World Industries. The average rating for AWI is "Buy," with a consensus price target of $103.86, representing upside potential of approximately 16.7%.
Growth Prospects:
Armstrong World Industries is well-positioned to benefit from the growing demand for sustainable building products. The company has made significant investments in research and development to create environmentally friendly products, which should help drive revenue growth in the coming years.
In addition, the company's strong brand recognition and established distribution network provide a competitive advantage in the building products market. The ongoing recovery in the construction industry, particularly in the residential and commercial segments, should also bode well for Armstrong World Industries' growth prospects.