April 30, 2015

Armstrong World Industries struggled over the course of the first fiscal quarter, but conditions seemed to pick up by the end of the three-month period.

February 23, 2015

While announcing the company would split into two businesses – one for flooring, one for ceilings – Armstrong World Industries reported declines in fourth quarter sales and earnings

February 23, 2015

Armstrong World Industries will no longer be as one, having announced a plan to spin off its Flooring business into a separate company.

December 16, 2014

Armstrong World Industries has elected Gregory Spivy to its board of directors, effective Dec. 15, 2014. His appointment bumps the total number of Armstrong directors to 12.

December 15, 2014

Armstrong World Industries is breaking it off with its European flooring business as well as discontinue funding for its DLW subsidiary, which filed for insolvency in Germany as a result.

"Our difficult, but necessary, decision to exit the European flooring business and discontinue funding our DLW subsidiary in Germany was the culmination of a comprehensive evaluation of strategic alternatives following years of disappointing results, multiple restructuring initiatives and significant financial investments," said Armstrong CEO Matthew Espe.

October 27, 2014

Armstrong World Industries, a designer and manufacturer of floors and ceilings based in Lancaster, Pennsylvania, reported a slight decline in third-quarter sales.

The company said lower volumes in Europe and in resilient and wood flooring in the Americas more than offset favorable price and mix. 

Net sales of $728.3 million were down 0.2% from the third quarter last year. Net income was $31.8 million, down from $55.9 million a year ago.

October 14, 2014

Armstrong World Industries' stock declined Monday after the company announced it was lowering its full-year guidance, citing price pressure challenges.

Armstrong's 2014 guidance now points to sales between $2.68 million and $2.72 million, as well as adjusted EBITDA between $355 million and $375 million.

August 27, 2014

Armstrong World Industries has reshuffled its management structure, appointing Donald Maier to the post of EVP and CEO, Armstrong Flooring Products, in order to fill the vacancy left by Thomas Mangas.

Previously, Maier was serving as SVP global operations excellence. He has been with the company since 2010, during which time he played a pivotal role in the company's Lean transformation and established a new project management process and safety program.

He has also worked for TPG Capital Advisors and as VP and general manager of Hill-Rom's North American business.

August 4, 2014

Armstrong World Industries (AWI) jumped 8.85% on Friday after hedge fund ValueAct Capital bought a 16.8% stake in the company.

July 29, 2014

Shares of Armstrong World Industries (AWI) dropped 10.42% on Monday following the release of its Q2 earnings report, which caused the company to lower its full-year guidance.

July 28, 2014

Armstrong World Industries fell short of its stated goals in the second quarter, leading in turn to a lowered full-year guidance for 2014.

"Despite soft sales, we delivered second-quarter adjusted EBITDA in the middle of our guidance range," said CEO Matt Espe. "The softer-demand environment we experienced in the quarter and first half of 2014 has tempered our outlook for the back half of the year."

May 20, 2014

Armstrong World Industries has embarked on a bit of a brand makeover. Predicated upon the tagline "Inspiring Great Spaces," the new platform highlight's the company's commitment to innovation and creativity.

April 28, 2014

Armstrong World Industries pointed to favorable momentum benefiting both its top and bottom line in the first quarter of 2014.

Net sales for Armstrong were $634.4 million, up nearly 2% from the same period in 2013.

Net income came in at $16.9 million for the three months ended March 31, representing a good change from $3.2 million last year. A lower interest expense due to the write-off of deferred financing costs during last year's first quarter helped the company's bottom line.

April 14, 2014

Armstrong World Industries is kicking off construction at its Lancaster, Pa. facility, where it's spending $41 million to expand its manufacturing capacity to include luxury vinyl tile (LVT) for commercial and residential applications.

November 6, 2013

Armstrong World Industries has announced several changes to its management structure, which are scheduled to go into effect Nov. 16.

Most notably, Armstrong Flooring Products CEO Frank Ready will be retiring after 30 years with the company. Armstrong CFO Thomas Mangas will take his place, who will in turn be succeeded by Armstrong Building Products VP finance David Schulz.

July 29, 2013

Lancaster, Pa.-based Armstrong World Industries reported net sales of $706.6 million in the second quarter ended June 30. That's up 5% from the same quarter last year.

Net income declined 27.5% to $30.6 million.

The income declined due to increases in manufacturing and input costs driven by rising lumber costs, and higher labor costs associated with added crews at several solid wood plants to respond to increased demand, the company said. 

September 27, 2012

Armstrong World Industries has entered into an agreement to sell its cabinets business to American Industrial Partners for $27 million, according to a company announcement. Headquartered in The Colony, Texas, Armstrong’s cabinet division has a manufacturing facility in Thompsontown, Pa., and employs approximately 750 people. Sales in 2011 were $136 million, just under 5% of the company’s total sales. The unit had a loss in 2011 and had not been profitable since 2007.

September 6, 2012

Lancaster, Pa.-based Armstrong World Industries sold Patriot Flooring Supply to The Belknap White Group, a 35-year-old flooring distributor operating in New England and upstate New York.

The transaction closed on Sept. 1, 2012, the company announced Wednesday. Patriot, a flooring sales and distribution business that employs 65 people in Wilmington, Mass., and Pompton Plains, N.J., serves the New England, metropolitan New York and Northern New Jersey markets. 

January 4, 2012

Flooring and ceiling products manufacturer Armstrong World Industries announced this morning the completion of a refinancing and a special dividend payment  by WAVE, its 50% joint venture with Worthington Industries.

Under the deal, WAVE executed a $225 million three-year revolving credit agreement and a $50 million ten-year private placement bond. Proceeds of the transaction were used to repay WAVE's previous credit agreement, as well as to pay $50 million special dividends to each of WAVE's parent companies, Armstrong and Worthington.

January 4, 2012

Flooring and ceiling products manufacturer Armstrong World Industries announced this morning the completion of a refinancing and a special dividend payment  by WAVE, its 50% joint venture with Worthington Industries.

Under the deal, WAVE executed a $225 million three-year revolving credit agreement and a $50 million ten-year private placement bond. Proceeds of the transaction were used to repay WAVE's previous credit agreement, as well as to pay $50 million special dividends to each of WAVE's parent companies, Armstrong and Worthington.

November 7, 2011

Lancaster, Pa.-based Armstrong World Industries has acquired Intalite Inc., operating under the name Simplex. The acquisition will strengthen Armstrong's capabilities in the North American specialty ceiling market and supports the company's growth strategy, including the expansion of its global leadership and manufacturing presence in targeted markets.

Terms of the purchase were not disclosed. Simplex will become part of the Armstrong Building Products division.

November 7, 2011

Lancaster, Pa.-based Armstrong World Industries has acquired Intalite Inc., operating under the name Simplex. The acquisition will strengthen Armstrong's capabilities in the North American specialty ceiling market and supports the company's growth strategy, including the expansion of its global leadership and manufacturing presence in targeted markets.

Terms of the purchase were not disclosed. Simplex will become part of the Armstrong Building Products division.

August 2, 2011

Armstrong World Industries, a global manufacturer of floors, ceilings and cabinets, reported net sales of $748.6 million for its second fiscal quarter, a 3.3% rise over sales of $724.8 million in the same quarter a year ago.

Net income for the quarter, which ended June 30, was $37.9 million. This compares with $26.8 million in the second quarter of 2010, a 41.4% increase.

August 2, 2011

Armstrong World Industries, a global manufacturer of floors, ceilings and cabinets, reported net sales of $748.6 million for its second fiscal quarter, a 3.3% rise over sales of $724.8 million in the same quarter a year ago.

Net income for the quarter, which ended June 30, was $37.9 million. This compares with $26.8 million in the second quarter of 2010, a 41.4% increase.