Armstrong World Industries 2024 Outlook: Expects Revenue Of $1.335B - $1.375B Vs. $1.33B Consensus; Sees Adjusted EPS Of $5.60-$5.90 Vs. $5.61 Consensus
Portfolio Pulse from Benzinga Newsdesk
Armstrong World Industries projects its 2024 revenue to be between $1.335B and $1.375B, slightly above the consensus of $1.33B. The company also forecasts its adjusted EPS to range from $5.60 to $5.90, closely aligning with the consensus estimate of $5.61.
February 20, 2024 | 11:10 am
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Armstrong World Industries expects 2024 revenue to surpass consensus estimates and adjusted EPS to closely match expectations.
The positive revenue forecast exceeding consensus estimates indicates strong business performance and potential market growth, likely leading to a positive short-term impact on AWI's stock price. The EPS forecast, being in line with consensus, reinforces confidence in the company's profitability outlook.
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