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Armstrong World Industries (AWI) investor relations material
Armstrong World Industries Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary28 Oct, 2025
Executive summary
Achieved record Q3 2025 net sales of $425.2 million, up 10% year-over-year, with strong performance in both Mineral Fiber and Architectural Specialties segments, driven by organic growth and acquisitions including Geometrik, Zahner, and 3form.
Adjusted EBITDA increased 6% to $148 million, and adjusted EPS grew 13% to $2.05, with double-digit free cash flow growth and robust year-to-date results.
Raised full-year 2025 guidance across all key metrics, reflecting confidence in continued momentum and successful integration of recent acquisitions.
Digital initiatives (PROJECTWORKS and Kanopi) and operational efficiency supported industry-leading profit margins despite timing-related cost headwinds.
No material direct impact from customer consolidation or geopolitical events in 2025.
Financial highlights
Q3 2025 net sales rose 10% to $425.2M; adjusted EBITDA up 6% to $148M; adjusted diluted EPS up 13% to $2.05.
Year-to-date net sales up 14% to $1,232.5M; adjusted EBITDA up 15% to $431M; adjusted free cash flow up 22%.
Gross profit for Q3 was $178.5M (42.0% margin); operating income margin was 27.6%.
Mineral Fiber adjusted EBITDA margin at 43.6%; Architectural Specialties at ~19%.
Effective tax rate for Q3 2025 was 21.2%, down from 25.9% in Q3 2024.
Outlook and guidance
Full-year 2025 net sales expected at $1,623M–$1,638M (12–13% growth); adjusted EBITDA at $553M–$563M (14–16% growth); adjusted diluted EPS at $7.45–$7.55 (18–20% growth); adjusted free cash flow at $342M–$352M (15–18% growth).
Mineral Fiber volume expected flat to down 1%, AUV growth of ~6%; Architectural Specialties sales growth of ~29%.
Margin expansion expected in both segments for the full year.
Management expects continued benefit from recent acquisitions and organic growth initiatives.
No material direct impact from recent customer consolidation or geopolitical events in 2025.
Mineral Fiber volume growth drivers?
Q3 SG&A increase drivers?
Strategy for remaining share repurchase program?
Impact of Q3 discrete costs on Mineral Fiber margin?
AS margin strategy given growth vs. optimization?
Office market recovery impact on 2026 growth?
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Next Armstrong World Industries earnings date
Q4 202524 Feb, 2026
Next Armstrong World Industries earnings date
Q4 202524 Feb, 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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