NYSE$AWI
Armstrong World Industries Inc. · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Armstrong's Q1 2022 performance was driven by price over inflation gains and strong growth in the Architectural Specialties segment, offsetting lower Mineral Fiber sales volumes.
Armstrong World Industries reported a 12% increase in net sales and a 17% increase in operating income for the first quarter of 2022. The growth was primarily driven by price over inflation gains and strong performance in the Architectural Specialties segment, which was partially offset by lower Mineral Fiber sales volumes and equity earnings.
- Net sales increased by 12% compared to the prior-year quarter.
- Operating income rose by 17% and diluted earnings per share from continuing operations increased by 21% compared to the prior-year quarter.
- Adjusted EBITDA increased by 3% and adjusted diluted earnings per share grew by 7% compared to the prior-year quarter.
- The company is maintaining its 2022 guidance for net sales, adjusted EBITDA, and adjusted Free Cash Flow.
Headline financials
Revenue & EPS history
Armstrong · Revenue · Quarterly
$283M
Revenue by segment
Armstrong · $283M total across 2 segments · Q1 2022
- Mineral Fiber$203M—71.9%
- Architectural Specialties$79.4M—28.1%
Forward guidance
Armstrong World Industries is maintaining its full year guidance of net sales growth of 10% to 13% and adjusted EBITDA growth of 10% to 16% versus the prior year.
Tailwinds
- Net sales growth of 10% to 13%
- Adjusted EBITDA growth of 10% to 16%
- Adjusted diluted earnings per share of $5.00 to $5.20
- Adjusted free cash flow of $215 to $235 million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
-1.9%
Avg return
Earnings day
+0.2%
Avg return
5 days after
+1.4%
Avg return
30 days after
42%
27 / 64 earnings
Positive
+14.7%
Q4 2016
Best reaction
-14.3%
Q2 2012
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.5% | -5.2% | -9.9% | |
| Q4 2025 | -7.4% | -10.0% | -14.4% | |
| Q3 2025 | -4.6% | -6.0% | -5.8% | |
| Q1 2025 | +1.9% | +6.5% | +19.3% | |
| Q4 2024 | +5.2% | +5.4% | -1.0% | |
| Q3 2024 | +2.2% | +2.4% | +16.7% | |
| Q2 2024 | +0.5% | -3.4% | -4.2% | |
| Q1 2024 | -4.0% | -2.7% | -2.5% | |
| Q4 2023 | +13.3% | +16.4% | +18.7% | |
| Q3 2023 | +5.0% | +5.7% | +20.7% | |
| Q2 2023 | +3.2% | +3.0% | -3.0% | |
| Q1 2023 | -9.2% | -5.9% | -13.4% | |
| Q4 2022 | -2.5% | -1.8% | -16.3% | |
| Q3 2022 | -6.5% | -5.4% | -3.6% | |
| Q2 2022 | +3.4% | +8.0% | +9.6% | |
| Q1 2022 | -6.9% | -8.9% | -11.2% | |
| Q4 2021 | -6.2% | -5.7% | -4.8% | |
| Q3 2021 | +1.3% | +3.8% | +12.1% | |
| Q2 2021 | +1.8% | +2.5% | -1.3% | |
| Q1 2021 | +3.5% | +3.1% | +4.6% | |
| Q4 2020 | +13.7% | +10.2% | +16.4% | |
| Q3 2020 | -8.9% | -7.8% | +19.7% | |
| Q2 2020 | -13.3% | -12.7% | -8.1% | |
| Q1 2020 | +1.0% | -2.8% | -1.2% | |
| Q4 2019 | -0.8% | -5.9% | -26.4% | |
| Q3 2019 | -8.9% | -8.1% | -5.3% | |
| Q2 2019 | -0.9% | -3.6% | -6.3% | |
| Q1 2019 | -1.2% | +1.7% | -1.1% | |
| Q4 2018 | +1.7% | +1.1% | +3.8% | |
| Q3 2018 | +6.5% | +15.3% | +15.6% | |
| Q2 2018 | +1.3% | +3.7% | +4.3% | |
| Q1 2018 | +2.0% | +2.3% | +9.8% | |
| Q4 2017 | -3.8% | -2.7% | -9.2% | |
| Q3 2017 | -4.6% | -4.1% | +11.7% | |
| Q2 2017 | +9.8% | +6.7% | +6.4% | |
| Q1 2017 | -1.0% | -1.9% | -10.9% | |
| Q4 2016 | +14.7% | +18.8% | +13.5% | |
| Q3 2016 | -6.5% | -7.5% | +4.9% | |
| Q2 2016 | +1.5% | +3.7% | +5.1% | |
| Q1 2016 | -3.7% | — | — | |
| Q4 2015 | -5.2% | — | — | |
| Q3 2015 | +3.6% | — | — | |
| Q2 2015 | +4.8% | — | — | |
| Q1 2015 | -2.5% | — | — | |
| Q4 2014 | +1.5% | — | — | |
| Q3 2014 | -7.1% | — | — | |
| Q2 2014 | -10.5% | — | — | |
| Q1 2014 | -0.3% | — | — | |
| Q4 2013 | -9.1% | — | — | |
| Q3 2013 | +1.8% | — | — | |
| Q2 2013 | -1.9% | — | — | |
| Q1 2013 | -2.5% | — | — | |
| Q4 2012 | -7.9% | — | — | |
| Q3 2012 | +6.2% | — | — | |
| Q2 2012 | -14.3% | — | — | |
| Q1 2011 | -3.2% | — | — | |
| Q1 2012 | +3.9% | — | — | |
| Q4 2009 | +1.5% | — | — | |
| Q3 2010 | -14.1% | — | — | |
| Q3 2011 | -14.1% | — | — | |
| Q2 2010 | -10.4% | — | — | |
| Q4 2010 | -10.4% | — | — | |
| Q2 2011 | -10.4% | — | — | |
| Q1 2010 | -8.0% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro