Armstrong World Industries (AWI) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Armstrong World Industries (AWI) reported $326.3 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 5.2%. EPS of $1.38 for the same period compares to $1.12 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $317.84 million, representing a surprise of +2.66%. The company delivered an EPS surprise of +14.05%, with the consensus EPS estimate being $1.21.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Armstrong World Industries performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Revenue- Architectural Specialties: $86.70 million versus the three-analyst average estimate of $88.79 million. The reported number represents a year-over-year change of +6%.

• Revenue- Mineral Fiber: $239.60 million versus the three-analyst average estimate of $229.25 million. The reported number represents a year-over-year change of +4.9%.

• Adjusted Operating Income- Architectural Specialties: $8 million versus $10.89 million estimated by three analysts on average.

• Adjusted Operating Income- Mineral Fiber: $79 million versus $69.55 million estimated by three analysts on average.

View all Key Company Metrics for Armstrong World Industries here>>>

Shares of Armstrong World Industries have returned -3.6% over the past month versus the Zacks S&P 500 composite's -2.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

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