Armstrong World Earnings Miss Despite Steady Revenue
Armstrong World Industries (NYSE:AWI) reported first-quarter earnings that missed analyst expectations, leading to a 4.37% drop in premarket shares. Revenue matched forecasts at $409.9 million, up 7.1% year-over-year, but adjusted earnings per share of $1.69 fell below the expected $1.81. Margins were pressured by one-time costs in the Architectural Specialties division.
Tickers: $AWI
Topics: Earnings Margin Pressure Revenue Segment Performance Stock Price Movement