Armstrong World Industries, Inc.

NYSE:AWI Stock Report

Market Cap: US$6.6b

Armstrong World Industries Future Growth

Future criteria checks 2/6

Armstrong World Industries is forecast to grow earnings and revenue by 11.8% and 7.5% per annum respectively. EPS is expected to grow by 13.9% per annum. Return on equity is forecast to be 34.3% in 3 years.

Key information

11.8%

Earnings growth rate

13.92%

EPS growth rate

Building earnings growth19.8%
Revenue growth rate7.5%
Future return on equity34.25%
Analyst coverage

Good

Last updated05 Jun 2026

Recent future growth updates

Analysis Article • Apr 30

Armstrong World Industries, Inc. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Last week, you might have seen that Armstrong World Industries, Inc. ( NYSE:AWI ) released its first-quarter result to...

Recent updates

Seeking Alpha • Jun 12

Armstrong World Industries: Shares Need To Be Cheaper Before An Upgrade

Summary Armstrong World Industries remains a 'hold' as operational growth is offset by mixed profitability and fair valuation. AWI's recent Q1 results showed 7% revenue growth to $410M, but net profits dipped and cash flow softened. The Mineral Fiber segment delivered revenue and profit growth via higher prices and volumes, though margins compressed. Management guides for FY revenue of $1.745–$1.785B and EBITDA of $600–$620M, supporting a fair value thesis. Read the full article on Seeking Alpha
Narrative Update • Jun 01

AWI: 2026 Execution And Guidance Are Expected To Unlock Upside

Analysts have adjusted their blended fair value estimate for Armstrong World Industries slightly higher to about $208 per share. They cite updated assumptions for revenue growth, profit margins, and a modestly lower future P/E multiple, as reflected in recent price target changes of around $6 to $12 from major research firms.
Analysis Article • Apr 30

Armstrong World Industries, Inc. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Last week, you might have seen that Armstrong World Industries, Inc. ( NYSE:AWI ) released its first-quarter result to...
Narrative Update • Apr 25

AWI: Q4 Execution And 2026 Guidance Will Support Further Upside

The analyst price target for Armstrong World Industries has shifted slightly lower by $2.00 to $206.80, as analysts balanced a recent $6 cut from one firm with earlier $12 and $2 increases tied to updated estimates following the Q4 report. Analyst Commentary Recent Street research around Armstrong World Industries reflects a mix of optimism on execution and some caution on how much upside is already reflected in the stock after the Q4 update.
Narrative Update • Apr 10

AWI: Refreshed Q4 Assumptions And 2026 Guidance Will Support Upside Potential

Analysts have nudged their price target for Armstrong World Industries to $191, a $2 adjustment. This reflects refreshed estimates following the Q4 report and updated assumptions around discount rate and projected P/E levels.
Narrative Update • Mar 26

AWI: Refreshed Q4 Assumptions And 2026 Guidance Will Support Future Pricing Power

Analysts have modestly raised their price target on Armstrong World Industries to $191 from $189, reflecting refreshed estimates following the recent Q4 update. Analyst Commentary Bullish Takeaways Bullish analysts view the lift in the price target to $191 as a sign that refreshed Q4 assumptions still support the current valuation framework.
Narrative Update • Mar 11

AWI: Refined Q4 Assumptions And 2026 Guidance Will Support Future Pricing Power

Analysts have nudged their price target on Armstrong World Industries up by $2 to $191, citing refreshed post Q4 estimates and updated assumptions around growth, margins and future P/E. Together, these revisions trim fair value slightly to $208.80 and modestly adjust the discount rate and revenue growth outlook.
Narrative Update • Feb 25

AWI: Leadership Shift And 2026 Earnings Outlook Will Support Future Pricing Power

Analysts have nudged their price target for Armstrong World Industries higher to $211.10, citing modest adjustments to discount rate assumptions, slightly firmer revenue growth and profit margin expectations, and a lower future P/E multiple in their updated models. What's in the News Armstrong World Industries issued earnings guidance for 2026, with expected net sales between $1.745 billion and $1.785 billion.
Narrative Update • Feb 10

AWI: Leadership Transition To Executive Chair Will Support Future Pricing Power

Analysts have kept their price target for Armstrong World Industries broadly in line with prior estimates, with only marginal tweaks to inputs such as the discount rate and future P/E to reflect updated assumptions rather than a material shift in their outlook. What's in the News CEO Vic Grizzle plans to transition to Executive Chair, shifting out of the CEO role while remaining closely involved with Armstrong World Industries’ leadership.
Narrative Update • Jan 26

AWI: Share Repurchases And Upcoming Leadership Transition Will Support Future Pricing Power

Analysts have nudged their price target for Armstrong World Industries higher to US$211.10, a change they link to slightly revised assumptions for discount rate, revenue growth, profit margin and future P/E, which together support a modestly stronger long term valuation case. What's in the News A CEO transition is planned.
Narrative Update • Jan 12

AWI: Buybacks And Dividend Growth Will Support Pricing Power And Margins

Analysts have made slight adjustments to their price targets for Armstrong World Industries, reflecting small changes to assumptions such as discount rate, revenue growth, profit margin, and future P/E, while keeping the estimated fair value essentially unchanged at about $211.10. What's in the News From July 1, 2025 to September 30, 2025, Armstrong World Industries repurchased 149,230 shares, about 0.34% of its stock, for US$27.04 million under its ongoing buyback program (Key Developments).
Narrative Update • Dec 25

AWI: End Market Recovery Will Support Pricing Power And Margin Durability

Analysts have raised their price target on Armstrong World Industries to $220 from $205, citing modestly higher forward earnings estimates and a more constructive outlook for end markets and sector valuation multiples. Analyst Commentary Analysts are highlighting a mix of supportive fundamentals and residual risks as they reassess Armstrong World Industries' outlook.
Narrative Update • Dec 11

AWI: Multi Family Pricing Power Will Drive Sustained Margin Expansion

Analysts have nudged their fair value estimate for Armstrong World Industries higher, lifting the target by approximately $4 to about $211 per share as they factor in modestly stronger earnings growth, sustained margin expansion, and still supportive sector valuation multiples. Analyst Commentary Bullish analysts are broadly reaffirming a constructive view on Armstrong World Industries, citing a combination of earnings momentum, high-quality growth drivers, and supportive sector valuation dynamics.
Narrative Update • Nov 27

AWI: Ongoing Margin Expansion And End Market Strength Will Guide Performance

The analyst price target for Armstrong World Industries has been raised from $205 to $220, as analysts cite a stronger end market outlook along with anticipated growth in earnings and margin performance. Analyst Commentary Recent updates from bullish analysts highlight both drivers of optimism and points of caution regarding Armstrong World Industries’ outlook and valuation.
Narrative Update • Nov 10

AWI: Earnings Guidance Increase And Sector Trends Will Shape Performance

Armstrong World Industries’ updated analyst fair value estimate has risen to $207.10 from $200.89. Analysts highlight higher price targets reflecting improved market outlook, increased sector multiples, and sustained earnings growth supported by recent management discussions.
Narrative Update • Oct 27

Market Optimism And Earnings Momentum Will Shape The Future Of Construction

Analysts have raised Armstrong World Industries' price target by approximately $1.33 to $200.89. This revision is based on expectations of higher earnings, improving market conditions, and increased sector valuations.
Narrative Update • Oct 13

Decarbonization And Digital Integration Will Shape Commercial Construction

Analysts have increased their price target for Armstrong World Industries by approximately $4 and now value the company at about $200. This adjustment is attributed to continued earnings growth, constructive market outlooks, and improved profit margins.
Analysis Article • Sep 26

If EPS Growth Is Important To You, Armstrong World Industries (NYSE:AWI) Presents An Opportunity

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Narrative Update • Sep 13

Decarbonization And Digital Integration Will Shape Commercial Construction

Armstrong World Industries’ price target has been raised to $195.67, reflecting analyst confidence in strong earnings growth, higher average unit values in the multi-family segment, ongoing margin improvements, and reaffirmed management guidance. Analyst Commentary Continued strong earnings growth driven by established company strategy.
Analysis Article • Jul 29

Estimating The Intrinsic Value Of Armstrong World Industries, Inc. (NYSE:AWI)

Key Insights Using the 2 Stage Free Cash Flow to Equity, Armstrong World Industries fair value estimate is US$173...
Analysis Article • Jul 16

Armstrong World Industries (NYSE:AWI) Has Some Way To Go To Become A Multi-Bagger

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article • Jun 29

Should You Think About Buying Armstrong World Industries, Inc. (NYSE:AWI) Now?

While Armstrong World Industries, Inc. ( NYSE:AWI ) might not have the largest market cap around , it received a lot of...
Analysis Article • Jun 15

We Think Armstrong World Industries (NYSE:AWI) Can Stay On Top Of Its Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Seeking Alpha • Dec 15

Armstrong World Industries: Reaching A Ceiling Here

Summary Armstrong World Industries has shown strong performance driven by organic growth and strategic acquisitions, leading to increased valuation multiples and heightened expectations. The company reported solid 2023 results, as momentum is continuing into 2024. Recent acquisitions, including 3form LLC and A. Zahner Company, have bolstered sales and earnings, while maintaining a strong balance sheet and manageable leverage. Despite impressive momentum and a solid business model, current high valuations make me cautious, awaiting a dip to reconsider investment. Read the full article on Seeking Alpha
Seeking Alpha • Sep 06

Armstrong World Industries: Ceiling Performance Hits A Pricey Roof (Downgrade)

Summary Armstrong World Industries, Inc. showed mixed but mostly positive Q2 results, with increased margins and cash flow despite cost pressures and lower-than-expected revenue. Armstrong's growth in healthcare, data centers, and transportation is strong, but cost pressures and a slow commercial construction market lead to a “Hold” rating. The company’s acquisitions and margin expansion are positive, yet Armstrong stock appears pricey, making it suitable for current investors but not new buyers. Despite risks like inflation and sluggish commercial construction, Armstrong’s strategic moves and solid sector positioning support a cautious but optimistic outlook. Read the full article on Seeking Alpha
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New Narrative • Aug 29

Innovations And Acquisitions Set To Boost Architectural Specialties' Growth And Margins

Integrating acquisitions like 3form and BOK Modern alongside digital initiatives like ProjectWorks will enhance market presence and client engagement, boosting revenue and margins.

Earnings and Revenue Growth Forecasts

NYSE:AWI - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20282,028425N/AN/A2
12/31/20271,89538542536010
12/31/20261,77334534137610
3/31/20261,648306239347N/A
12/31/20251,621309246356N/A
9/30/20251,600305242332N/A
6/30/20251,562296219306N/A
3/31/20251,502274194281N/A
12/31/20241,446265184267N/A
9/30/20241,390250160237N/A
6/30/20241,351242146223N/A
3/31/20241,311236158234N/A
12/31/20231,295224150234N/A
9/30/20231,287226151240N/A
6/30/20231,265211125213N/A
3/31/20231,261203107192N/A
12/31/20221,233200108182N/A
9/30/20221,21119390169N/A
6/30/20221,17818991168N/A
3/31/20221,137192106184N/A
12/31/20211,107185107187N/A
9/30/20211,063178138208N/A
6/30/20211,017181154222N/A
3/31/2021940176156213N/A
12/31/2020937-84163219N/A
9/30/2020945-68149210N/A
6/30/2020976-31152214N/A
3/31/20201,045-17125194N/A
12/31/20191,038242N/A183N/A
9/30/20191,030227N/A166N/A
6/30/20191,014200N/A161N/A
3/31/2019990184N/A192N/A
12/31/2018975189N/A203N/A
9/30/2018951256N/A225N/A
6/30/2018924230N/A217N/A
3/31/2018901226N/A186N/A
12/31/2017894220N/A170N/A
9/30/2017580150N/A157N/A
6/30/2017681168N/A147N/A
3/31/2017770142N/A125N/A
12/31/201683799N/A49N/A
9/30/20161,23452N/A57N/A
6/30/20161,23515N/A89N/A
3/31/20161,22714N/A173N/A
12/31/201580558N/A204N/A
9/30/20151,52151N/A242N/A
6/30/20151,86478N/A245N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: AWI's forecast earnings growth (11.8% per year) is above the savings rate (3.5%).

Earnings vs Market: AWI's earnings (11.8% per year) are forecast to grow slower than the US market (18.5% per year).

High Growth Earnings: AWI's earnings are forecast to grow, but not significantly.

Revenue vs Market: AWI's revenue (7.5% per year) is forecast to grow slower than the US market (12.7% per year).

High Growth Revenue: AWI's revenue (7.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: AWI's Return on Equity is forecast to be high in 3 years time (34.3%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/14 05:51
End of Day Share Price 2026/06/12 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Armstrong World Industries, Inc. is covered by 23 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Stephen KimBarclays
Rafe JadrosichBofA Global Research
James BarrettCL King & Associates, Inc.