NYSE:AWIBuilding
Armstrong World Industries (AWI) Stock Reprices Higher On Record Sales And Raised Outlook
Armstrong World Industries stock did not creep higher on these results. It ripped more than 8% in a single session, as investors rushed to reprice what looks like a stronger ceiling story than they were braced for.
The emotional trigger is clear. Record quarterly net sales near US$472m and adjusted diluted earnings per share of about US$2.26 have reset expectations, helped by double digit growth in Architectural Specialties and raised full year guidance. The question now is whether this burst...