Armstrong World Industries Sees FY23 Net Sales Of $1.26B-$1.31B Vs $1.26B Estimate; Adjusted EPS Of $4.85-$5.05 Vs $4.81 Estimate; Adjusted EBITDA Of $400M-$420M
Portfolio Pulse from Benzinga Newsdesk
Armstrong World Industries (AWI) has projected its FY23 net sales to be between $1.26 billion and $1.31 billion, which is in line with the $1.26 billion estimate. The company also expects its adjusted EPS to be between $4.85 and $5.05, slightly higher than the $4.81 estimate. Additionally, AWI anticipates its adjusted EBITDA to be between $400 million and $420 million.
July 25, 2023 | 10:20 am
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POSITIVE IMPACT
AWI's FY23 net sales, adjusted EPS, and adjusted EBITDA forecasts are in line with or slightly above estimates. This could potentially have a positive impact on the company's stock price.
AWI's FY23 net sales forecast is in line with estimates, while its adjusted EPS and adjusted EBITDA forecasts are slightly above estimates. This indicates that the company is performing well and could potentially exceed investor expectations, which could lead to an increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100