Loading...
•
Dec 31, 2019
Armstrong Q4 2019 Earnings Report
Armstrong's Q4 2019 results showcased revenue growth and improved profitability.
Key Takeaways
Armstrong World Industries reported a 3% increase in net sales, reaching $246.9 million. Operating income rose by 18% to $62.2 million, and earnings per share increased by 40% to $1.04. The company's adjusted EBITDA also grew by 14%.
Net sales increased by 3% compared to the previous year's quarter.
Operating income grew by 18% compared to the prior year's quarter.
Adjusted EBITDA and EPS increased by 14% and 40%, respectively, year-over-year.
The company completed the acquisition of MRK Industries.
Armstrong
Armstrong
Forward Guidance
The company anticipates continued market conditions from 2019, expecting high-single digit sales growth, adjusted EBITDA margin expansion, and adjusted free cash flow exceeding 25% of sales.
Positive Outlook
- Expect a continuation of the market conditions seen in 2019.
- Expect to grow sales in the high-single digit range.
- Expand adjusted EBITDA margins.
- Generate sector leading adjusted free cash flow of more than 25% of sales.
- Return of investment from joint venture ($80-$90M)