Quarterly ResultApr 28, 2026, 07:07 AM
AWI Q1 Net Sales +7.1% to $409.9M; Diluted EPS $1.55
AI Summary
Armstrong World Industries (AWI) reported Q1 2026 net sales of $409.9 million, a 7.1% increase year-over-year, while diluted EPS decreased by 1.9% to $1.55. Net earnings for the quarter were $66.8 million, down 3.3%. The company completed the acquisition of Eventscape in February 2026 for $64.6 million and announced a CEO transition effective April 1, 2026, with Mark Hershey succeeding Victor Grizzle.
Key Highlights
- AWI Q1 2026 Net Sales increased 7.1% to $409.9M from $382.7M YoY.
- Diluted EPS for Q1 2026 was $1.55, down 1.9% from $1.58 YoY.
- Net Earnings for Q1 2026 decreased 3.3% to $66.8M from $69.1M YoY.
- Acquired Eventscape in February 2026 for $64.6M cash, plus contingent consideration.
- Mark Hershey succeeded Victor Grizzle as President and CEO effective April 1, 2026.
- Mineral Fiber segment net sales rose 4.9% to $257.2M.
- Architectural Specialties segment net sales grew 11.0% to $152.7M.
- Acquired $60.6M of treasury stock in Q1 2026, up from $22.0M in Q1 2025.