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Armstrong World Industries
Armstrong World Industries (AWI) investor relations material
Armstrong World Industries Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary24 Feb, 2026
Executive summary
Achieved record-setting net sales of $1.62 billion for full year 2025, up 12% year-over-year, with adjusted EBITDA up 14% and adjusted diluted EPS up 17%, marking the fifth consecutive year of growth in both metrics.
Growth was driven by Mineral Fiber AUV increases, productivity improvements, and double-digit growth in both Mineral Fiber and Architectural Specialties segments, despite challenging market conditions and project delays.
Strategic acquisitions, including Geometrik, Parallel, and Eventscape, expanded design and fabrication capabilities in Architectural Specialties.
Leadership transition announced: CEO moving to Executive Chairman, COO to become new CEO effective April 1, 2026.
Growth initiatives in digital, energy-saving ceilings, and data centers contributed to above-market performance.
Financial highlights
Full-year 2025 net sales: $1,620.8M (+12% YoY); adjusted EBITDA: $555M (+14% YoY); adjusted diluted EPS: $7.41 (+17% YoY); adjusted free cash flow: $346M (+16% YoY).
Q4 2025 net sales: $388.3M (+6% YoY); adjusted EBITDA: $124M (+11% YoY); adjusted diluted EPS: $1.61 (+7% YoY); adjusted free cash flow: $87M (+1% YoY).
Adjusted EBITDA margin expanded 70 basis points year-over-year to 34.3%; Mineral Fiber segment margin reached a record 43.5%.
Operating income margin for 2025 was 26.6%.
Cash flow from operating and investing activities up 88% year-over-year.
Outlook and guidance
2026 guidance: net sales of $1,745M–$1,785M (+8–10% YoY), adjusted EBITDA of $600M–$620M (+8–12% YoY), adjusted diluted EPS of $8.05–$8.35 (+9–13% YoY), and adjusted free cash flow of $375M–$395M (+9–14% YoY).
Mineral Fiber volume expected flat to up 1%, with AUV growth of ~6% to offset mid-single-digit input cost inflation.
High single-digit organic growth expected in Architectural Specialties, with incremental contributions from recent acquisitions and ~20% adjusted EBITDA margin.
Adjusted EPS and free cash flow projected to grow in line with adjusted EBITDA.
Q1 expected to be seasonally soft due to weather and market choppiness; stronger performance anticipated in the second half.
AS margin recovery drivers for 2026
MF volume recovery outlook
Acquisition impact on consolidated margins
Why did Q4 Arch. Specialties profit decline?
2025 tax reform cash flow benefit details
Capital deployment: M&A vs. share buybacks
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Next Armstrong World Industries earnings date
Q1 202628 Apr, 2026
Armstrong World Industries
Next Armstrong World Industries earnings date
Q1 202628 Apr, 2026
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Frequently asked questions
Armstrong World Industries Inc is a manufacturer of commercial and residential ceiling and wall solutions. The company produces mineral fiber, fiberglass, and metal ceiling systems used in construction, renovation, and interior design applications. Its products are sold through distributors, retailers, and directly to contractors and architects. Armstrong World Industries Inc is headquartered in Lancaster, Pennsylvania, and its shares are listed on the NYSE.
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