Benzinga | Oct 27, 2020 07:16AM EDT

Recap: Armstrong World Q3 Earnings

Shares of Armstrong World Indus (NYSE:AWI) moved higher by 0.1% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 22.46% year over year to $1.07, which beat the estimate of $0.93.

Revenue of $246,300,000 decreased by 11.12% from the same period last year, which beat the estimate of $228,300,000.

Outlook

Armstrong World Indus hasn't issued any earnings guidance for the time being.

Armstrong World Indus hasn't issued any revenue guidance for the time being.

Price Action

52-week high: $111.46

Company's 52-week low was at $62.03

Price action over last quarter: down 8.17%

Company Overview

Armstrong World Industries manufactures and sells fiber and metal ceiling systems and complementary ceiling products to the residential, commercial, and institutional construction and remodeling industries. The company also operates a joint venture that manufactures ceiling grid suspension systems. Armstrong's reportable segments include mineral fiber and architectural specialties. It generates maximum revenue from the mineral fiber segment. The company has a presence in the United States, Canada, and Latin America.