Financials Armstrong World Industries, Inc.

Equities

AWI

US04247X1028

Construction Supplies & Fixtures

Real-time Estimate Cboe BZX Other stock markets 19:59:00 06/02/2026 GMT			5-day change	1st Jan Change
198.47 ^USD	+2.44%		+7.96%	+3.80%

02-02	Armstrong World Industries, Inc. Announces Separation of Austin K. as Senior Vice President, General Counsel, Head of Government Relations & Chief Sustainability Officer, Secretary, Effective April 1, 2026	CI
01-14	Armstrong World Industries, Inc. Announces CEO Changes, Effective April 1, 2026	CI

Projected Income Statement: Armstrong World Industries, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	936.9	1,107	1,233	1,295	1,446	1,633	1,746	1,856
Change	-	18.11%	11.43%	5.04%	11.62%	12.99%	6.91%	6.27%
EBITDA ¹	330	372	385	430	486	559.9	615.3	662.4
Change	-	12.73%	3.49%	11.69%	13.02%	15.2%	9.9%	7.66%
EBIT ¹	246	275	301	340	383	438.8	493.2	537.8
Change	-	11.79%	9.45%	12.96%	12.65%	14.58%	12.39%	9.03%
Interest Paid ¹	-24.1	-22.9	-27.1	-35.3	-39.8	-28.03	-26.43	-16.3
Earnings before Tax (EBT) ¹	-126.7	242.7	257.6	298.3	347.1	406	461.6	514.6
Change	-	291.55%	6.14%	15.8%	16.36%	16.96%	13.7%	11.49%
Net income ¹	-99.1	183.2	202.9	223.8	264.9	314.4	353.2	391.1
Change	-	284.86%	10.75%	10.3%	18.36%	18.68%	12.34%	10.75%
Announcement Date	23/02/21	22/02/22	21/02/23	20/02/24	25/02/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3
Net sales ¹	238.7	251.9	280	292.2	282.5	282.6	321	325	304.5	310.2	325.4	347.3	312.3	326.3	365.1	386.6	367.7	382.7	424.6	425.2	400.9	409.9	451.2	455.3	428.6	442.6	485.5	498.3
Change	-	5.53%	11.16%	4.36%	-3.32%	0.04%	13.59%	1.25%	-6.31%	1.87%	4.9%	6.73%	-10.08%	4.48%	11.89%	5.89%	-4.89%	4.08%	10.95%	0.14%	-5.72%	2.26%	10.07%	0.9%	-5.86%	3.27%	9.7%	2.63%
EBITDA ¹	73	85	100	99	88	87	102	105	92	96	111	125	98	111	125	139	112	129	154	148	128.5	142.5	165.5	165.1	142.7	153.3	177.4	182.2
Change	-	16.44%	17.65%	-1%	-11.11%	-1.14%	17.24%	2.94%	-12.38%	4.35%	15.62%	12.61%	-21.6%	13.27%	12.61%	11.2%	-19.42%	15.18%	19.38%	-3.9%	-13.19%	10.92%	16.13%	-0.27%	-13.53%	7.43%	15.72%	2.67%
EBIT ¹	50	59	74	76	65	67	81	83	71	75	89	102	75	86	100	113	84	99	124	118	98.57	112.2	134.9	134.8	112.3	121.3	145.4	150.2
Change	-	18%	25.42%	2.7%	-14.47%	3.08%	20.9%	2.47%	-14.46%	5.63%	18.67%	14.61%	-26.47%	14.67%	16.28%	13%	-25.66%	17.86%	25.25%	-4.84%	-16.47%	13.85%	20.18%	-0.02%	-16.75%	8.09%	19.86%	3.26%
Charge d'intérêts ¹	-5.4	-5.7	-5.6	-6.1	-5.5	-5.1	-5.8	-7	-9.2	-8.7	-9.2	-8.8	-8.6	-9	-11.1	-10.5	-9.2	-8.5	-8.6	-8.2	-6.667	-6.05	-6.05	-6.05	-5.55	-	-	-
Earnings before Tax (EBT) ¹	43.1	49.7	74.3	67.4	51.3	59.4	67.2	67.7	63.3	63.9	-	-	-	-	-	-	-	-	115.3	109.5	89	-	-	-	-	-	-	-
Change	-	15.31%	49.5%	-9.29%	-23.89%	15.79%	13.13%	0.74%	-6.5%	0.95%	-	-	-	-	-	-	-	-	-	-5.03%	-18.72%	-	-	-	-	-	-	-
Net income ¹	22.8	35.4	55.1	50.8	41.9	44.4	52.2	57.5	48.8	47.3	60.2	69.5	46.8	59.9	65.9	76.9	62.2	69.1	87.8	86.3	71.63	81.82	97.3	96.01	-	-	-	-
Change	-	55.26%	55.65%	-7.8%	-17.52%	5.97%	17.57%	10.15%	-15.13%	-3.07%	27.27%	15.45%	-32.66%	27.99%	10.02%	16.69%	-19.12%	11.09%	27.06%	-1.71%	-17%	14.23%	18.93%	-1.33%	-	-	-	-
Announcement Date	23/02/21	27/04/21	27/07/21	26/10/21	22/02/22	26/04/22	26/07/22	25/10/22	21/02/23	25/04/23	25/07/23	24/10/23	20/02/24	30/04/24	30/07/24	29/10/24	25/02/25	29/04/25	29/07/25	28/10/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Armstrong World Industries, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	599	552	561	516	446	303	283	171
Change	-	-7.85%	1.63%	-8.02%	-13.57%	-32.03%	-6.6%	-39.58%
Announcement Date	23/02/21	22/02/22	21/02/23	20/02/24	25/02/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Armstrong World Industries, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	55.4	79.8	74.8	83.8	82.8	98.53	106	102.5
Change	-	44.04%	-6.27%	12.03%	-1.19%	19%	7.58%	-3.3%
Free Cash Flow (FCF) ¹	244.9	185.7	212.1	263	298	306.2	365.7	426.3
Change	-	-24.17%	14.22%	24%	13.31%	2.76%	19.42%	16.58%
Announcement Date	23/02/21	22/02/22	21/02/23	20/02/24	25/02/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Armstrong World Industries, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	35.22%	33.62%	31.22%	33.2%	33.62%	34.28%	35.23%	35.7%
EBIT Margin (%)	26.26%	24.85%	24.41%	26.25%	26.49%	26.87%	28.24%	28.98%
EBT Margin (%)	-13.52%	21.93%	20.89%	23.03%	24.01%	24.85%	26.43%	27.73%
Net margin (%)	-10.58%	16.56%	16.45%	17.28%	18.32%	19.25%	20.22%	21.08%
FCF margin (%)	26.14%	16.78%	17.2%	20.31%	20.61%	18.75%	20.94%	22.97%
FCF / Net Income (%)	-247.12%	101.36%	104.53%	117.52%	112.5%	97.41%	103.54%	109%
Profitability
ROA	10.9%	12.19%	12.95%	14.17%	15.76%	17.25%	17.5%	17.3%
ROE	42.9%	37.75%	38.48%	42.24%	41.07%	37.84%	34.2%	33.49%
Financial Health
Leverage (Debt/EBITDA)	1.82x	1.48x	1.46x	1.2x	0.92x	0.54x	0.46x	0.26x
Debt / Free cash flow	2.45x	2.97x	2.64x	1.96x	1.5x	0.99x	0.77x	0.4x
Capital Intensity
CAPEX / Current Assets (%)	5.91%	7.21%	6.07%	6.47%	5.73%	6.03%	6.07%	5.52%
CAPEX / EBITDA (%)	16.79%	21.45%	19.43%	19.49%	17.04%	17.6%	17.23%	15.47%
CAPEX / FCF (%)	22.62%	42.97%	35.27%	31.86%	27.79%	32.18%	28.99%	24.04%
Items per share
Cash flow per share ¹	4.568	3.908	3.931	5.223	6.064	8.026	7.391	-
Change	-	-14.45%	0.59%	32.87%	16.09%	32.37%	-7.92%	-
Dividend per Share ¹	0.81	0.861	0.947	1.042	1.148	1.256	1.359	1.427
Change	-	6.3%	9.99%	10.03%	10.17%	9.38%	8.24%	4.98%
Book Value Per Share ¹	9.411	10.99	11.74	13.21	17.21	21.22	25.94	28.81
Change	-	16.75%	6.86%	12.52%	30.26%	23.34%	22.25%	11.05%
EPS ¹	-2.07	3.82	4.37	4.99	6.02	7.199	8.271	9.417
Change	-	284.54%	14.4%	14.19%	20.64%	19.58%	14.9%	13.85%
Nbr of stocks (in thousands)	47,860	47,476	45,663	44,180	43,588	43,128	43,128	43,128
Announcement Date	23/02/21	22/02/22	21/02/23	20/02/24	25/02/25	-	-	-