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Dec 31, 2021
Armstrong Q4 2021 Earnings Report
Armstrong's Q4 2021 earnings report indicated strong growth, driven by effective execution and pricing strategies.
Key Takeaways
Armstrong World Industries reported strong Q4 2021 results with net sales up 18% and operating income up 26% compared to the prior-year quarter. The company's performance was driven by favorable pricing and contributions from recent acquisitions.
Net sales increased by 18% compared to the prior-year quarter.
Operating income rose by 26% year-over-year.
Adjusted EBITDA increased by 21% compared to the same quarter last year.
The company issued 2022 guidance, projecting net sales growth of 10% to 13%.
Armstrong
Armstrong
Forward Guidance
Armstrong World Industries expects net sales growth of 10% to 13% and adjusted EBITDA growth of 10% to 16% versus the prior year.
Positive Outlook
- Expect incremental growth from digital initiatives
- Expect incremental growth from Healthy Spaces initiatives
- Expect incremental growth from innovation initiatives
- Net sales growth of 10% to 13%
- Adjusted EBITDA growth of 10% to 16%