Armstrong World Industries, Inc.’s AWIposted adjusted earnings of 79 cents per share in first-quarter 2018 compared with 74 cents reported in the prior-year quarter.
Including one-time items, the company reported earnings per share of 76 cents compared with 65 cents recorded in the prior-year quarter.
Operational Update
Net sales increased 3% year over year to $227 million, driven by higher Architectural Specialties volumes and higher Mineral Fiber average unit values ("AUV"). Nevertheless, revenues missed the Zacks Consensus Estimate of $232 million.