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LANCASTER, Pa. - Armstrong World Industries, Inc. (NYSE:AWI) announced Wednesday that its Board of Directors has declared a cash dividend of $0.308 per share of common stock, marking its 7th consecutive year of dividend increases. The dividend, representing a yield of 0.74%, will be paid on Aug. 21, 2025, to stockholders of record as of the close of business on Aug. 7, 2025.
The company noted in its press release statement that future dividend declarations and capital allocations will remain at the discretion of the Board of Directors, dependent on factors including financial position, results of operations and cash flow. According to InvestingPro analysis, AWI maintains strong financial health with liquid assets exceeding short-term obligations and operates with moderate debt levels.
Armstrong World Industries is a manufacturer of interior and exterior architectural applications, specializing in ceilings, specialty walls and exterior metal solutions. The company, currently valued at $7.27 billion, reported revenue of $1.4 billion in 2024 and employs approximately 3,700 people across a manufacturing network of 20 facilities, plus seven facilities dedicated to its WAVE joint venture. With impressive revenue growth of 14.55% over the last twelve months, AWI continues to demonstrate strong market performance. Discover 12 more key insights about AWI with InvestingPro’s exclusive analysis.
In other recent news, Armstrong World Industries reported impressive first-quarter 2025 earnings, surpassing analyst expectations with an earnings per share of $1.66, compared to the projected $1.53. The company also exceeded revenue forecasts, bringing in $382.7 million against an anticipated $370.7 million. These results highlight strong performance amid broader economic challenges. Jefferies recently raised its price target for Armstrong World Industries to $152, maintaining a Hold rating, citing steady ceiling demand and strong pricing as key factors. The firm also noted that Armstrong World Industries plans a second price increase in August. Meanwhile, Loop Capital Markets adjusted its price target on the company to $158 from $163, maintaining a Hold rating. Despite the solid first-quarter performance, Loop Capital expressed caution due to uncertainties in discretionary demand and potential challenges in the new construction sector that could impact future earnings.
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