NYSE$AWI

Armstrong World Industries Inc. · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Armstrong's Q4 2021 earnings report indicated strong growth, driven by effective execution and pricing strategies.

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%.

Headline financials

Total Revenue

$283M

Previous: $239M+18.3%
EPS (adj)

$1.09

Previous: $0.77+41.6%
Adjusted EBITDA

$88M

Previous: $73M+20.5%
Net Income

$41.9M

Previous: $34.8M+20.4%
Operating Income

$55.5M

Previous: $44.1M+25.9%
Gross Profit

$103M

Previous: $82.8M+23.8%
Cash & Equivalents

$98.1M

Previous: $137M-28.3%
Total Assets

$1.71B

Previous: $1.72B-0.5%
Stock-Based Comp

$2.8M

Previous: $2.1M+33.3%

Revenue & EPS history

Armstrong · Revenue · Quarterly

$283M

Q4 2021+18.3%vs Q4 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Armstrong · $283M total across 2 segments · Q1 2022

  • Mineral Fiber
    $203M
  • Architectural Specialties
    $79.4M

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.

Tailwinds

  • 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%

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 Q4 2021

Historical avgQ4 2021

-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

Earnings price reactions
QuarterReport dateReaction (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%

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