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LANCASTER, Pa. - Armstrong World Industries, Inc. (NYSE:AWI), a building products manufacturer with a market capitalization of $8.7 billion and currently trading near its 52-week high of $202.07, has appointed Kevin P. Holleran to its Board of Directors, expanding the board to eight members, according to a company press release. InvestingPro analysis indicates the stock has shown remarkable momentum, delivering a 49% return over the past six months.
Holleran brings over 30 years of executive, operational and commercial leadership experience to the position. He currently serves as Director, President and CEO of Hayward Holdings, Inc., a manufacturer of pool equipment and automation systems, a role he has held since 2019.
Prior to Hayward, Holleran worked at Textron, Inc., where he was President and CEO of the company’s $4 billion Industrial division from 2017 to 2019, and President and CEO of Textron Specialized Vehicles from 2009 to 2017. His career also includes leadership positions at Terex Corporation and Ingersoll Rand.
The board also recently welcomed Kathleen E. Pitre, who was elected at the company’s Annual Shareholders’ Meeting in June 2025. Pitre has served as Senior Vice President and President of Beverage Packaging, North and Central America at Ball Corporation since 2024.
"The breadth of their experience in different industrial and manufacturing companies will serve Armstrong well as we execute our growth strategy," said Vic Grizzle, Armstrong’s president and CEO, in the statement. For investors seeking deeper insights into Armstrong’s valuation and growth prospects, InvestingPro offers exclusive access to 13 additional ProTips and detailed financial metrics through its comprehensive Pro Research Report.
Armstrong World Industries, headquartered in Lancaster, Pennsylvania, designs and manufactures interior and exterior architectural applications including ceilings, specialty walls and exterior metal solutions. The company’s latest twelve-month revenue reached $1.56 billion, with a healthy gross profit margin of 40.6% and strong liquidity metrics, as indicated by its current ratio of 1.61. According to InvestingPro, which provides comprehensive analysis of over 1,400 US stocks, the company maintains a "GREAT" financial health score and has consistently raised its dividend for seven consecutive years, with recent dividend growth of 10%. The company employs approximately 3,800 people across 21 manufacturing facilities.
In other recent news, Armstrong World Industries reported a strong second quarter for 2025, with net sales increasing by 16% compared to the previous year. The company’s adjusted earnings per share rose by 29%, highlighting a solid financial performance. Additionally, Armstrong World Industries raised its full-year guidance, now anticipating net sales growth of 11-13% and adjusted EBITDA growth of 12-15%. These developments reflect a positive outlook for the company’s financial health.
Analyst firms have taken note, with some adjusting their projections based on these results. While the stock price saw a slight premarket dip, it closed higher, indicating investor confidence. The company’s performance and revised guidance are key factors influencing market perceptions. Armstrong World Industries continues to demonstrate resilience and growth potential in the current economic climate.
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