Jun 2026 (Q2 FY26) — Jul 28, 2026
Armstrong World Industries Q2 FY26 — Record Sales and Adjusted EBITDA, Raised Full-Year Guidance
Read the full callArmstrong World Industries (AWI) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Armstrong World Industries earnings: last reported Tue, 28 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 472 | +11.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 28.4 | −0.7 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 96.7 | +10.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
16 of 22 judged targets kept · 28 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted diluted EPS growth | largely similar to adjusted EBITDA | Dec 2025 | Additionally, we are increasing our guidance for adjusted diluted net earnings per share growth to a range of 12% to 15%, up from our prior guide of 10% to 14%. | Revised Up |
| Adjusted EBITDA growth (2H vs 1H) | improved | Mar 2026 | the increase in our guide is largely as a result of the second quarter performance. and we're seeing a consistent back half to what we expected. | On Track |
6 of ARMSTRONG WORLD INDUSTRIES INC's 50 targets were missed. See which ones, and which are quietly gone. The 2 above are the free sample; 48 more targets are in the full ledger.
Claimed
- Reported record net sales and adjusted EBITDA for the quarter.
- Total company net sales increased 11% year-over-year.
- Adjusted diluted earnings per share increased 13% year-over-year.
- Mineral Fiber segment achieved 6% AUV growth and 2% volume growth.
- Architectural Specialties net sales grew 17% year-over-year, with 9% organic growth.
- Full-year guidance midpoints were raised across all key financial metrics.
Qualified
- Continued flattish market conditions, similar to Q1, due to macroeconomic uncertainty.
- Experienced higher input costs, primarily freight and raw material inflation.
- Increased SG&A expenses driven by investments for growth and recent acquisitions.
- Mineral Fiber adjusted EBITDA margin saw modest compression to 44.7% from 45.2% in the prior year.
Price
$167.4 −0.45% · −$0.76
Performance −16.0% 1Y
1Y: $199.22 on 17 Oct 2025 → $167.4. High $203.71 (21 Oct 2025), low $151.43 (21 Jul 2026).
- Previous close
- $168.16
- 52-week range
- $151.43 – $203.71
- One year
- −16.81%
Overview
- Symbol
- AWI
- Sector
- Materials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
16 of 22 judged targets kept · 28 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted diluted EPS growth | largely similar to adjusted EBITDA | Dec 2025 | Additionally, we are increasing our guidance for adjusted diluted net earnings per share growth to a range of 12% to 15%, up from our prior guide of 10% to 14%. | Revised Up |
| Adjusted EBITDA growth (2H vs 1H) | improved | Mar 2026 | the increase in our guide is largely as a result of the second quarter performance. and we're seeing a consistent back half to what we expected. | On Track |
Claimed
- Reported record net sales and adjusted EBITDA for the quarter.
- Total company net sales increased 11% year-over-year.
- Adjusted diluted earnings per share increased 13% year-over-year.
- Mineral Fiber segment achieved 6% AUV growth and 2% volume growth.
- Architectural Specialties net sales grew 17% year-over-year, with 9% organic growth.
- Full-year guidance midpoints were raised across all key financial metrics.
Qualified
- Continued flattish market conditions, similar to Q1, due to macroeconomic uncertainty.
- Experienced higher input costs, primarily freight and raw material inflation.
- Increased SG&A expenses driven by investments for growth and recent acquisitions.
- Mineral Fiber adjusted EBITDA margin saw modest compression to 44.7% from 45.2% in the prior year.
The full ledger
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Call summaries
Mar 2026 (Q1 FY26) — Apr 28, 2026
Armstrong World Industries Q1 FY26 — Strong Mineral Fiber Performance and Data Center Traction
Read the full callDec 2025 (Q4 FY25) — Feb 24, 2026
Armstrong World Industries Q4 FY25 — Record-Setting Year Despite Q4 Headwinds, Strong 2026 Outlook
Read the full callEvery analysed call
Armstrong World Industries earnings calls (AWI)
Financials
What the filings say
Net profit, year on year: +10% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 387 | 368 | 383 | 425 | 425 | 388 | 410 | 472 |
| Operating profit | 111 | 82 | 99 | 123 | 117 | 92 | 94 | 134 |
| Operating margin | 28.8% | 22.3% | 25.7% | 29.0% | 27.6% | 23.7% | 23.0% | 28.4% |
| Other income | 3 | 3 | 1 | 1 | 1 | 1 | 2 | 1 |
| Interest | 11 | 9 | 9 | 9 | 8 | 8 | 7 | 8 |
| Profit before tax | 104 | 76 | 91 | 115 | 110 | 85 | 88 | 127 |
| Tax rate | 25.9% | 18.2% | 23.8% | 23.9% | 21.2% | 22.8% | 24.4% | 23.8% |
| Net profit | 77 | 62 | 69 | 88 | 86 | 66 | 67 | 97 |
| EPS ($ per share) | 1.76 | — | 1.59 | 2.02 | 2 | — | 1.56 | 2.28 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Reserves | 830 | 1,008 | 870 | 1,011 | 1,170 | 1,347 | 1,561 | 1,814 |
| Total liabilities | 1,612 | 1,128 | 1,268 | 1,190 | 1,152 | 1,081 | 1,086 | 1,024 |
| Fixed assets | 501 | 525 | 530 | 543 | 554 | 566 | 599 | 631 |
| Total assets | 1,838 | 1,493 | 1,719 | 1,710 | 1,687 | 1,672 | 1,843 | 1,925 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 203 | 183 | 219 | 187 | 182 | 234 | 267 | 356 |
| Cash from investing | 310 | -89 | -141 | -14 | 28 | -10 | -79 | -4 |
| Cash from financing | -329 | -385 | 14 | -212 | -202 | -259 | -178 | -319 |
| Net cash flow | 176 | -290 | 92 | -39 | 8 | -35 | 9 | 33 |
| Capital expenditure | -72 | -71 | -55 | -80 | -75 | -84 | -83 | -109 |
| Free cash flow | 131 | 111 | 163 | 107 | 108 | 150 | 184 | 246 |
AWI revenue by segment
Architectural Specialties grew from 33% to 39% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Mineral Fiber | 67% | 65% | 64% | 63% | 64% | 63% | 63% | 61% | +7.9% |
| Architectural Specialties | 33% | 35% | 36% | 37% | 36% | 37% | 37% | 39% | +16.6% |
| Unallocated Corporate | — | — | — | 0% | — | — | 0% | 0% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Insider filings
36 filings between Oct 29, 2025 and Jun 12, 2026.
Open market
decisions to buy or sellPurchases
$100.0K
1 purchase by 1 insider
Sales
None
No insider sold shares.
Compensation
not trading decisions- 8
- Award — granted as compensation
- 13
- Option exercise — converted options into shares
- 13
- Tax withheld — shares kept back by the company to cover tax
Also filed: 1 gift.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| TEMPLIN ROY W | $100.0K | — | Feb 27, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Jun 12, 2026 | Holder Richard D Director | Award | 876 | $0 |
| Jun 12, 2026 | HOLLERAN KEVIN Director | Award | 876 | $0 |
| Jun 12, 2026 | Loughran Barbara Director | Award | 876 | $0 |
| Jun 12, 2026 | Osborne William H Director | Award | 876 | $0 |
| Jun 12, 2026 | Pitre Kathleen Director | Award | 876 | $0 |
| Jun 12, 2026 | Shurts Wayne Director | Award | 876 | $0 |
| Jun 12, 2026 | TEMPLIN ROY W Director | Award | 1,265 | $0 |
| Apr 28, 2026 | Grizzle Victor Executive Chair | Option exercise | 72,823 | $12.37M |
| Apr 28, 2026 | Grizzle Victor Executive Chair | Tax withheld | 31,671 | $5.38M |
| Apr 8, 2026 | Calzaretta Christopher P. SVP & CFO | Option exercise | 9,149 | $0 |
| Apr 8, 2026 | Burge James T. Vice President & Controller | Option exercise | 2,015 | $0 |
| Apr 8, 2026 | Burge James T. Vice President & Controller | Tax withheld | 877 | $151.5K |
| Apr 8, 2026 | Calzaretta Christopher P. SVP & CFO | Tax withheld | 3,980 | $687.6K |
| Apr 8, 2026 | Crager Jill A. SVP Sales & Digital Mktg | Option exercise | 4,111 | $0 |
| Apr 8, 2026 | Crager Jill A. SVP Sales & Digital Mktg | Tax withheld | 1,789 | $309.1K |
| Apr 8, 2026 | Grizzle Victor Executive Chair | Option exercise | 97,835 | $0 |
| Apr 8, 2026 | Grizzle Victor Executive Chair | Tax withheld | 42,550 | $7.35M |
| Apr 8, 2026 | Hershey Mark A President & CEO | Option exercise | 13,423 | $0 |
| Apr 8, 2026 | Hershey Mark A President & CEO | Tax withheld | 5,839 | $1.01M |
| Apr 8, 2026 | Winters Michael Carl SVP, Arch Spec & Bus Dev | Option exercise | 3,742 | $0 |
| Apr 8, 2026 | Winters Michael Carl SVP, Arch Spec & Bus Dev | Tax withheld | 1,629 | $281.4K |
| Feb 27, 2026 | Burge James T. Vice President & Controller | Tax withheld | 216 | $37.5K |
| Feb 27, 2026 | So Austin SVP, GC, Gov't. Rel., & CSO | Option exercise | 2,595 | $450.2K |
| Feb 27, 2026 | So Austin SVP, GC, Gov't. Rel., & CSO | Tax withheld | 1,161 | $201.4K |
| Feb 27, 2026 | Crager Jill A. SVP Sales & Digital Mktg | Option exercise | 1,082 | $187.7K |
| Feb 27, 2026 | TEMPLIN ROY W Director | Purchase | 575 | $100.0K |
| Feb 27, 2026 | Burge James T. Vice President & Controller | Option exercise | 639 | $110.9K |
| Feb 27, 2026 | Crager Jill A. SVP Sales & Digital Mktg | Tax withheld | 505 | $87.6K |
| Feb 27, 2026 | Calzaretta Christopher P. SVP & CFO | Option exercise | 2,408 | $417.8K |
| Feb 27, 2026 | Calzaretta Christopher P. SVP & CFO | Tax withheld | 1,077 | $186.9K |
| Feb 27, 2026 | Hershey Mark A SVP & Chief Operating Officer | Option exercise | 3,532 | $612.8K |
| Feb 27, 2026 | Hershey Mark A SVP & Chief Operating Officer | Tax withheld | 1,316 | $228.3K |
| Feb 27, 2026 | Grizzle Victor CEO | Option exercise | 25,744 | $4.47M |
| Feb 27, 2026 | Grizzle Victor CEO | Tax withheld | 10,337 | $1.79M |
| Nov 21, 2025 | Osborne William H Director | Gift | 300 | $0 |
| Oct 29, 2025 | HOLLERAN KEVIN Director | Award | 435 | $0 |
| Aug 8, 2025 | Osborne William H Director | Sale | 100 | $18.9K |
| Jun 13, 2025 | Holder Richard D Director | Award | 827 | $0 |
| Jun 13, 2025 | Loughran Barbara Director | Award | 827 | $0 |
| Jun 13, 2025 | Osborne William H Director | Award | 827 | $0 |
| Jun 13, 2025 | Pitre Kathleen Director | Award | 827 | $0 |
| Jun 13, 2025 | Shurts Wayne Director | Award | 827 | $0 |
| Jun 13, 2025 | TEMPLIN ROY W Director | Award | 1,124 | $0 |
| Apr 8, 2025 | Hershey Mark A SVP & Chief Operating Officer | Tax withheld | 6,826 | $860.8K |
| Apr 8, 2025 | Grizzle Victor CEO | Option exercise | 63,855 | $0 |
| Apr 8, 2025 | Grizzle Victor CEO | Tax withheld | 27,453 | $3.46M |
| Apr 8, 2025 | Calzaretta Christopher P. SVP & CFO | Option exercise | 1,666 | $0 |
| Apr 8, 2025 | Calzaretta Christopher P. SVP & CFO | Option exercise | 3,172 | $0 |
| Apr 8, 2025 | Calzaretta Christopher P. SVP & CFO | Tax withheld | 2,106 | $265.6K |
| Apr 8, 2025 | Hershey Mark A SVP & Chief Operating Officer | Option exercise | 16,540 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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