AWI Armstrong World Industries, Inc.
Armstrong World Industries, Inc. engages in the design, manufacture, and trade of commercial and residential ceiling, wall, and suspension system solutions. It operates through the following segments: Mineral Fiber, Architectural Specialties and Unallocated Corporate. Mineral Fiber segment produces suspended mineral fiber and soft fiber ceiling systems for use in commercial and residential settings. Architectural Specialties segment roduces and sources ceilings and walls for use in commercial settings. Unallocated Corporate segment includes assets, liabilities, income and expenses that have not been allocated to other business segments. The company was founded by Thomas M. Armstrong in 1860 and is headquartered in Lancaster, PA.
Company profile
Ticker
AWI
Exchange
Website
CEO
Victor D. Grizzle
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
SEC CIK
Corporate docs
IRS number
230366390
Calendar
25 Feb 20
7 Apr 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|
| Revenue | 246.9M | 277.1M | 272M | 242.1M | |
| Net income | 47.7M | 73.2M | 54.5M | 39.1M | |
| Diluted EPS | 0.96 | 1.48 | 1.09 | 0.78 | |
| Net profit margin | 19.32% | 26.42% | 20.04% | 16.15% | |
| Operating income | 62.2M | 113.3M | 87.2M | 54.7M | |
| Net change in cash | -52.7M | -142.3M | -33.5M | -51.9M | |
| Cash on hand | 45.3M | 98M | 240.3M | 273.8M | |
| Cost of revenue | 158.3M | 165.4M | 168.6M | 150.7M |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 1.04B | 975.3M | 893.6M | 837.3M | |
| Net income | 214.5M | 185.9M | 119.6M | 104.7M | |
| Diluted EPS | 4.32 | 3.56 | 2.21 | 1.87 | |
| Net profit margin | 20.66% | 19.06% | 13.38% | 12.50% | |
| Operating income | 317.4M | 249.4M | 243.8M | 195.9M | |
| Net change in cash | -280.4M | 166.1M | 17.7M | -67.4M | |
| Cash on hand | 45.3M | 325.7M | 159.6M | 141.9M | |
| Cost of revenue | 643M | 641.8M | 578.2M | 530.3M |
Financial data from company earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|
| 1 Apr 20 | Grizzle Victor | Common Stock | Option exercise | Aquire M | 0 | 131,500 | 0 | 324,421 |
| 1 Apr 20 | Charles M Chiappone | Common Stock | Payment of exercise | Dispose F | 73.33 | 6,584 | 482.8K | 33,125 |
| 1 Apr 20 | Charles M Chiappone | RSU Common Stock | Option exercise | Dispose M | 0 | 15,227 | 0 | 15,227 |
| 1 Apr 20 | Hershey Mark A | Common Stock | Payment of exercise | Dispose F | 73.33 | 9,046 | 663.34K | 46,450 |
| 1 Apr 20 | Hershey Mark A | Common Stock | Option exercise | Aquire M | 0 | 20,804 | 0 | 55,496 |
| 1 Apr 20 | Hershey Mark A | RSU Common Stock | Option exercise | Dispose M | 0 | 20,804 | 0 | 20,804 |
| 1 Apr 20 | Grizzle Victor | Common Stock | Payment of exercise | Dispose F | 73.33 | 56,669 | 4.16M | 267,752 |
| 1 Apr 20 | Charles M Chiappone | Common Stock | Option exercise | Aquire M | 0 | 15,227 | 0 | 39,709 |
| 1 Apr 20 | Grizzle Victor | RSU Common Stock | Option exercise | Dispose M | 0 | 131,500 | 0 | 131,500 |
| 1 Apr 20 | McNamara Stephen F | Common Stock | Payment of exercise | Dispose F | 73.33 | 3,925 | 287.82K | 15,572 |
Institutional ownership Q4 2019
98.8% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 244 |
| Opened positions | 33 |
| Closed positions | 57 |
| Increased positions | 77 |
| Reduced positions | 95 |
13F shares |
Current |
|---|---|
| Total value | 4.5B |
| Total shares | 47.93M |
| Total puts | 210.5K |
| Total calls | 616.7K |
| Total put/call ratio | 0.3 |
Largest owners |
Shares | Value |
|---|---|---|
| N Price T Rowe Associates | 7.4M | $695.35M |
| Vanguard | 5.17M | $485.46M |
| Lazard Asset Management | 4.41M | $414.47M |
| Capital International Investors | 4.02M | $377.52M |
| BLK BlackRock | 2.18M | $204.76M |
| London Co Of Virginia | 1.81M | $169.94M |
| Alliancebernstein | 1.31M | $122.79M |
| Cantillon Capital Management | 1.27M | $119.19M |
| Dimensional Fund Advisors | 1.18M | $110.95M |
| FMR | 1.17M | $109.6M |
Financial report summary
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Content analysis
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| Legalese | ||
| Litigous | ||
| Readability |
8th grade Avg
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New words:
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Removed:
accrual, appointed, backed, Bay, Boeing, British, buying, Carolina, case, cessation, Chinese, creditor, disaggregation, DLW, entering, finalize, footprint, formed, growing, half, heat, heavily, identification, Identifying, initiative, insolvency, investee, lapse, lessor, low, lowered, Lowland, mandatory, mature, maximizing, mirror, mutual, negotiate, noncash, North, NYMEX, obligated, observed, opposed, participated, pending, Perla, petition, phase, pound, promised, proposing, qualifying, recently, reclassification, renewed, renminbi, repatriating, repatriation, replaced, restriction, retention, routinely, ruble, Russian, Scappoose, strike, unhedged, unsecured, violate, Western
Financial reports
10-K
2019 FY
Annual report
25 Feb 20
10-Q
2019 Q3
Quarterly report
28 Oct 19
10-Q
2019 Q2
Quarterly report
29 Jul 19
10-K/A
2018 FY
Annual report (amended)
30 Apr 19
10-Q
2019 Q1
Quarterly report
29 Apr 19
10-K/A
2018 FY
Annual report (amended)
26 Feb 19
10-K
2018 FY
Annual report
25 Feb 19
10-Q
2018 Q3
Quarterly report
30 Oct 18
10-Q
2018 Q2
Quarterly report
31 Jul 18
10-Q
2018 Q1
Quarterly report
30 Apr 18
Current reports
8-K
Armstrong World Industries Reports Fourth Quarter and Full Year 2019 Results
24 Feb 20
8-K
Armstrong World Industries Declares Cash Dividend for Fourth Quarter 2019
19 Feb 20
8-K
Other Events
25 Nov 19
8-K
Armstrong World Industries Reports Third Quarter 2019 Results
28 Oct 19
8-K
Armstrong World Industries Declares Increased Dividend for Fourth Quarter
23 Oct 19
8-K/A
Completion of Acquisition or Disposition of Assets
4 Oct 19
8-K
Entry into a Material Definitive Agreement
1 Oct 19
8-K
Armstrong World Industries Completes Sale of EMEA and Pacific Rim
30 Sep 19
8-K
Armstrong World Industries Reports
29 Jul 19
8-K
Armstrong World Industries Declares Cash Dividend for Third Quarter 2019
24 Jul 19
Registration and prospectus
S-3ASR
Automatic shelf registration
30 Apr 18
S-8
Registration of securities for employees
11 Jul 16
S-3ASR
Automatic shelf registration
24 Feb 15
424B7
Prospectus with selling stockholder info
6 Mar 14
424B7
Prospectus with selling stockholder info
8 Nov 13
424B7
Prospectus with selling stockholder info
12 Sep 13
FWP
Free writing prospectus
10 Sep 13
FWP
Free writing prospectus
9 Sep 13
424B7
Prospectus with selling stockholder info
8 Nov 12
424B7
Prospectus with selling stockholder info
6 Nov 12
Proxies
DEFA14A
Additional proxy soliciting materials
21 May 19
DEF 14A
Definitive proxy
21 May 19
DEFA14A
Additional proxy soliciting materials
30 Apr 18
DEF 14A
Definitive proxy
30 Apr 18
DEF 14A
Definitive proxy
1 May 17
DEFA14A
Additional proxy soliciting materials
1 May 17
DEF 14A
Definitive proxy
29 Apr 16
DEFA14A
Additional proxy soliciting materials
29 Apr 16
DEF 14A
Definitive proxy
30 Apr 15
DEFA14A
Additional proxy soliciting materials
30 Apr 15
Other
SD
Conflict minerals disclosure
24 May 19
UPLOAD
Letter from SEC
30 Aug 18
CORRESP
Correspondence with SEC
31 Jul 18
UPLOAD
Letter from SEC
11 Jul 18
SD
Conflict minerals disclosure
25 May 18
UPLOAD
Letter from SEC
1 Jun 17
SD
Conflict minerals disclosure
31 May 17
CORRESP
Correspondence with SEC
22 May 17
UPLOAD
Letter from SEC
3 May 17
SD
Conflict minerals disclosure
27 May 16
Ownership
4
ARMSTRONG WORLD INDUSTRIES / Ellen R. Romano ownership change
3 Apr 20
4
ARMSTRONG WORLD INDUSTRIES / Stephen F McNamara ownership change
3 Apr 20
4
ARMSTRONG WORLD INDUSTRIES / Brian L MacNeal ownership change
3 Apr 20
4
ARMSTRONG WORLD INDUSTRIES / Mark A Hershey ownership change
3 Apr 20
4
ARMSTRONG WORLD INDUSTRIES / Victor Grizzle ownership change
3 Apr 20
4
ARMSTRONG WORLD INDUSTRIES / Charles M Chiappone ownership change
3 Apr 20
4
ARMSTRONG WORLD INDUSTRIES / Charles M Chiappone ownership change
3 Mar 20
SC 13G
Armstrong World Industries Inc
14 Feb 20
SC 13G/A
Beneficial ownership report (amended)
14 Feb 20
SC 13G/A
Beneficial ownership report (amended)
12 Feb 20
Patents
GRANT
Utility
Ceiling system and mounting bracket for use with the same
10 Mar 20
A ceiling system having a perimeter frame; a grid configured to support a plurality of substrates; and a plurality of bracket assemblies coupling the grid to the perimeter frame, the plurality of bracket assemblies adjustable between a plurality of states in which the grid is supported at a different height relative to the perimeter frame in each of the plurality of states.
APP
Utility
Panel System and Support Member for Use with the Same
5 Mar 20
A building panel system is provided that includes a perimeter frame; a main beam attached to the perimeter frame; a carrier attached to the main beam, the carrier having a plurality of identical hook members, each of the hook members having a protruding hooking portion on only a first side of the hook member, and a non-hooking portion on a second side of the hook member, the second side being opposite the first side; and a plurality of panels removably attached to the carrier, each of the panels being attached to the carrier by engaging one of the hooking portions.
APP
Utility
High Sound Attenuation Building Panels
2 Jan 20
Described herein is an acoustic ceiling panel comprising: a first air-permeable body comprising a first major surface opposite a second major surface and a side surface extending between the first and second major surfaces, the first body having an NRC value of at least 0.5 as measured between the first and second major surfaces of the first body; and an attenuation coating applied to the second major surface of the body and the side surface of the body, whereby the attenuation coating seals at least a portion of the second major surface and the side surface of the body.
APP
Utility
Acoustic Ceiling Board with Improved Aesthetics
19 Dec 19
Described herein are acoustical panels, comprising: a substrate; a non-woven veil having an airflow resistance of greater than 45 mks rayls, comprising: from about 20 wt. % to about 60 wt. % glass fibers; from about 40 wt. % to about 80 wt. % of a filler; and from about 110 dry g/m2 to about 135 dry g/m2 of a coating.
APP
Utility
Ceiling System
28 Nov 19
A grid mounting system for a suspended ceiling system in one embodiment includes a support structure and a mounting bracket coupled to the support structure.