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Reported April 30, 2024 · Before market open

Revenue$326.3MBeat by $6.9M
EPS$1.38Beat by $0.15
Revenue estimate$319.4M
EPS estimate$1.23

Next report

Oct 27, 2026 (in 3 months)
Revenue estimate$471.1M
EPS estimate$2.34

Financials

Q1 2024

Income statement

See full
Revenue$326.3M+5.2%
Gross profit$124.3M+10.9%
Operating income$86.1M+22.6%
Net income$59.9M+26.6%
EPS (diluted)$1.36+30.8%

Balance sheet

See full
Cash & equivalents$69.6M-27.5%
Total debt$638.2M-8.7%
Total equity$626.8M+15.1%
Total assets$1.7B+0.2%

Cash flow

See full
Operating cash flow$26.4M+0.8%
CapEx$14.7M-34.1%
Free cash flow$11.7M+200%

Valuation & ratios

Valuation

as of 03/31/24
See full
Market cap$5.44B+68.1%
Enterprise value$6.01B+56.5%
P/E23×+7.3×
P/S4.2×+1.6×

Profitability

See full
Gross margin38.8%+2.4pp
Operating margin25.9%+3.2pp
Net margin18%+1.7pp
FCF margin12%+3.5pp

Returns & leverage

See full
Return on equity40.4%+2.3pp
Debt / equity-0.3×
Current ratio1.8×-0.4×

Segments

By segment

See full
Mineral Fiber$239.6M+4.9%
Architectural Specialties$86.7M+6.0%

By geography

See full
US$339.6M+12.9%
CA$21.9M-4.7%

Versus estimates

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Questions, answered.

When did Armstrong World Industries report Q1 2024 earnings?
Armstrong World Industries (AWI) reported Q1 2024 earnings on April 30, 2024 before market open.
What were Armstrong World Industries's Q1 2024 revenue and EPS?
Armstrong World Industries reported revenue of $326.3M and eps of $1.38 for Q1 2024.
Did Armstrong World Industries beat estimates in Q1 2024?
Revenue beat the consensus estimate of $319.4M by $6.9M. EPS beat the consensus estimate of $1.23 by $0.15.
Where can I find Armstrong World Industries's Q1 2024 SEC filings?
You can read the 10-Q periodic report (0000950170-24-050195) directly on SEC EDGAR. The filing index links above go to sec.gov.